BRASKEM SA-CLASS A- ADR (BAK) Stock Technical Analysis
USA - NYSE:BAK - US1055321053 - ADR
Taking everything into account, BAK scores 1 out of 10 in our technical rating. BAK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of BAK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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2.35
When analyzing the support we can see 2 important areas.
- Support @2.42 from a horizontal line in the daily time frame.
- A support zone ranging from 2.37 to 2.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 2.50 to 2.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.67 to 2.67. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @2.73 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.78 to 2.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.26 from a trend line in the daily time frame.
- Resistance @3.67 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BAK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BAK is down. |
| ChartMill Relative Strength | 6.39 | NEGATIVE | BAK has a low relative strength, it was outperformed by 93.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BAK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BAK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BAK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.58 | NEUTRAL | The RSI value for BAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BAK has a positive trend. |
| Stochastics (14,3) | 29.15 | NEUTRAL | The Stochastics value for BAK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for BAK suggests some volalility. |
| Average Directional Index/ADX (14) | 18.32 | NEGATIVE | The low ADX value for BAK suggests a weak or negative trend. |
2.48
+0.07 (+2.9%)
BRASKEM SA-CLASS A- ADR / BAK FAQ
What is the ChartMill technical rating of BRASKEM SA-CLASS A- ADR (BAK) stock?
ChartMill assigns a technical rating of 1 / 10 to BAK.
What is the trend direction for BAK stock?
The current trend direction for BRASKEM SA-CLASS A- ADR (BAK) is Bearish.
What is the RSI signal for BAK stock?
BRASKEM SA-CLASS A- ADR (BAK) has an RSI value of 44.5759. This indicates that the stock is currently neutral.
What is the short term momentum for BRASKEM SA-CLASS A- ADR (BAK) stock?
The short term momentum for BRASKEM SA-CLASS A- ADR (BAK) is negative.
What is the support and resistance level for BAK stock?
BRASKEM SA-CLASS A- ADR (BAK) has a support level at 2.42 and a resistance level at 2.5. Check the full technical report for our detailed analysis of BAK support and resistance levels.