BRASKEM SA-CLASS A- ADR (BAK) Stock Technical Analysis
NYSE:BAK - New York Stock Exchange, Inc. - US1055321053 - ADR - Currency: USD
Overall BAK gets a technical rating of 1 out of 10. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
89% 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 67% are performing better than BAK.
BAK is currently trading in the lower part 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.
In the last month BAK has a been trading in the 3.48 - 4.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BAK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 3.61, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.50
4.17
We found 2 important support areas.
- Support @3.61 from a horizontal line in the daily time frame.
- Support @3.54 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 3.68 to 3.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.88 from a trend line in the daily time frame.
- Resistance @3.96 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.07 to 4.13. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for BAK is neutral. |
| ChartMill Relative Strength | 11.87 | NEGATIVE | BAK has a low relative strength, it was outperformed by 88.13% off all stocks 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 | NEGATIVE | The current price of BAK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.91 | 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. |
| Stochastics (14,3) | 25.08 | NEUTRAL | The Stochastics value for BAK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.83 | MEDIUM VOLATILITY | The ATR as a percentage value for BAK suggests some volalility. |
| Average Directional Index/ADX (14) | 7.12 | NEGATIVE | The low ADX value for BAK suggests a weak or negative trend. |
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)
3.62
-0.05 (-1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.36%
1 Week-3.47%
2 Weeks-1.9%
1 Month-2.95%
3 Month-3.47%
6 Month-9.73%
12 Month-45.4%
2 Year-68.93%
3 Year-74.65%
5 Year-58.15%
10 Year-60.18%
15 Year-74.52%
Volatility
ATR(14)0.16
ATR(20)%4.83%
ATR Inc3.78%
Range Today0.17
ADR(20)0.16
ADR(20)%4.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.87
Mansfield-3.07
10 Day High3.87
10 Day Low3.56
20 Day High4.15
20 Day Low3.48
52 Week High7.71
52 Week Low2.85
CS1 End3.61
CR1 Start3.68
Volume & EV
DER(3)-4.84%
DER(5)-2.05%
Volume877.20K
Volume Incr-14.87%
Vol(5)877.96K
Vol(50)897.01K