BRASKEM SA-CLASS A- ADR (BAK) Technical Analysis
NYSE:BAK • US1055321053
Current stock price
BAK Technical Rating and Analysis
Taking everything into account, BAK scores 3 out of 10 in our technical rating. BAK has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month BAK has a been trading in the 3.40 - 5.29 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- BAK has an average volume of 2721820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, BAK outperforms 69% of them, which is more or less in line with the market.
- BAK is an average performer in the Chemicals industry, it outperforms 57% of 83 stocks in the same industry.
- BAK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BAK is lagging the market slightly.
BAK Weekly and Daily overview Charts
BAK Setup Rating and Analysis
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.
More info and screens
BAK Support and Resistance Analysis
3.40
We found 1 important support area.
- A support zone ranging from 3.43 to 3.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.62 to 3.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.55 from a trend line in the daily time frame.
- A resistance zone ranging from 4.78 to 4.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
BAK Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for BAK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BAK is down. |
| ChartMill Relative Strength | 69.66 | NEUTRAL | BAK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BAK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BAK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BAK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.16 | NEUTRAL | The RSI value for BAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests BAK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.9 | OVERSOLD | The low Stochastics value suggests BAK may be oversold. |
| Average True Range in percent/ATR (20) | 10.49 | HIGH VOLATILITY | The high ATR as a percentage value for BAK suggests high volalility. |
| Average Directional Index/ADX (14) | 19.5 | NEGATIVE | The low ADX value for BAK suggests a weak or negative trend. |
BAK Chart- and CandleStick Pattern Analysis
BAK Technicals: Chart, Performance Metrics, Trend & Indicators
3.61
+0.08 (+2.27%)
BRASKEM SA-CLASS A- ADR / BAK TA FAQ
What is the ChartMill technical rating of BRASKEM SA-CLASS A- ADR (BAK) stock?
ChartMill assigns a technical rating of 3 / 10 to BAK.
Can you provide the trend direction for BRASKEM SA-CLASS A- ADR?
The current trend direction for BRASKEM SA-CLASS A- ADR (BAK) is Bearish.
What is the RSI signal for BRASKEM SA-CLASS A- ADR (BAK) stock?
BRASKEM SA-CLASS A- ADR (BAK) has an RSI value of 42.1643. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BRASKEM SA-CLASS A- ADR?
BRASKEM SA-CLASS A- ADR (BAK) has a support level at 3.51 and a resistance level at 3.62. Check the full technical report for our detailed analysis of BAK support and resistance levels.