BRASKEM SA-CLASS A- ADR (BAK)

US1055321053 - ADR

6.7  0 (0%)

Technical Rating and Analysis

2

We assign a technical rating of 2 out of 10 to BAK. BAK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

80% of all other stocks performed better in the past year than BAK.
BAK is part of the Chemicals industry. There are 84 other stocks in this industry, of which 69% are performing better than BAK.
BAK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month BAK has a been trading in the 6.60 - 7.71 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.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
BAK Weekly chart
BAK Daily chart
Setup Rating and Analysis

3

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.

Support and Resistance Analysis

6.55

9.71

When analyzing the support we notice one important area.

  • A support zone ranging from 6.62 to 6.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

3 important resistance areas can be observed.

  • A resistance zone ranging from 7.14 to 7.25. 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 7.54 to 7.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @9.61 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.03
Mansfield-2.29
10 Day High7.61
10 Day Low6.6
20 Day High7.71
20 Day Low6.6
52 Week High10.98
52 Week Low5.28
Performance
1 Week-9.21%
2 Weeks-11.02%
1 Month-3.87%
3 Month-6.29%
6 Month-27.72%
12 Month-10.67%
2 Year-48.18%
3 Year-65.41%
5 Year-50.48%
10 Year-47.86%
15 Year-8.97%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.1
RSI(14)43.68
LBB6.62
UBB7.8
BAK Daily chart

BRASKEM SA-CLASS A- ADR

NYSE:BAK (10/14/2024, 10:56:01 AM)

6.7

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0%
1 Week-9.21%
2 Weeks-11.02%
1 Month-3.87%
3 Month-6.29%
6 Month-27.72%
12 Month-10.67%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.25
ATR(20)%4.13%
ATR Inc
Range Today0.11
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High7.61
10 Day Low6.6
20 Day High7.71
20 Day Low6.6
52 Week High10.98
52 Week Low5.28
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume70.94K
Volume Incr-45.21%
Vol(5)441.78K
Vol(50)775.21K