BRASKEM SA-CLASS A- ADR (BAK) Stock Technical Analysis
NYSE:BAK • US1055321053
Taking everything into account, BAK scores 8 out of 10 in our technical rating. Although BAK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- BAK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BAK is lagging the market slightly.
- BAK has an average volume of 1416150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, BAK turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- BAK is part of the Chemicals industry. There are 83 other stocks in this industry, BAK did better than 47% of them.
- In the last month BAK has a been trading in the 3.32 - 4.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BAK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
3.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.70 to 3.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.36 to 3.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.18 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @3.90 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for BAK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BAK is up. |
| ChartMill Relative Strength | 61.18 | NEUTRAL | BAK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BAK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.37 | NEUTRAL | The RSI value for BAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BAK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.42 | NEUTRAL | The Stochastics value for BAK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.01 | HIGH VOLATILITY | The high ATR as a percentage value for BAK suggests high volalility. |
| Average Directional Index/ADX (14) | 24.67 | NEUTRAL | The ADX value for BAK suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.91 | 3.69 | 0.22 (5.63%) | 17.77% |
| An entry @3.91. This is a Buy Stop order right above the resistance zone. | An exit @3.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.22 points, which is 5.63%. | When investing 17.77% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BAK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.89
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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 8 / 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 Bullish.
What is the RSI signal for BAK stock?
BRASKEM SA-CLASS A- ADR (BAK) has an RSI value of 57.3657. This indicates that the stock is currently neutral.
What is the MACD signal for BAK stock?
The MACD indicator for BRASKEM SA-CLASS A- ADR (BAK) has a value of -0.0143459, indicating a bearish trend.
What are the support and resistance levels for BRASKEM SA-CLASS A- ADR (BAK) stock?
BRASKEM SA-CLASS A- ADR (BAK) has a support level at 3.73 and a resistance level at 3.9. Check the full technical report for our detailed analysis of BAK support and resistance levels.