BRASKEM SA-CLASS A- ADR (BAK)       8.62  -0.36 (-4.01%)

8.62  -0.36 (-4.01%)

US1055321053 - ADR - After market: 8.75 +0.13 (+1.51%)

Technical Rating

0

Taking everything into account, BAK scores 0 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.



In the last month BAK has a been trading in the 8.26 - 9.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
95% of all other stocks performed better in the past year than BAK.
BAK is part of the Chemicals industry. There are 122 other stocks in this industry, of which 91% are performing better than BAK.
BAK is currently trading near the lower end of its 52 week range, which is not a good sign. BAK is lagging the S&P500 Index which is trading in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months -0.69% -34.35% -36.94% -57.66% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 5 8.23 - 21.22
BAK Weekly chart
BAK Daily chart

Support/Resistance Analysis


8.19

16.78
We found 1 important support area.
  • A support zone ranging from 8.27 to 8.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
  • A resistance zone ranging from 9.27 to 9.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @13.06 from a trend line in the daily time frame.
  • Resistance @13.67 from a trend line in the weekly time frame.
  • Resistance @14.24 from a horizontal line in the daily time frame.
  • Resistance @16.61 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

6

BAK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.31, a Stop Loss order could be placed below this zone.


BAK Daily chart

BRASKEM SA-CLASS A- ADR8.62

NYSE:BAK (2/3/2023, 7:26:41 PM)-0.36 (-4.01%)

After market: 8.75 +0.13 (+1.51%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals

Performance
Today -4.01% 1 Week -4.54%
2 Weeks 3.61% 1 Month -0.69%
3 Month -34.35% 6 Month -36.94%

Volatility
ATR(14) 0.38 ATR(20)% 4.2%
ATR Inc 26.54% Range Today 0.34

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 5 Mansfield -3.89
10 Day High 9.49 10 Day Low 8.28
20 Day High 9.59 20 Day Low 8.26
52 Week High 21.22 52 Week Low 8.23
CS1 End 8.31 CR1 Start 9.27

Volume & EV
DER(3) -2.65% DER(5) -2.62%
Volume 436.80K Volume Incr -20.74%
Vol(5) 423.86K Vol(50) 446.40K

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA