Braskem SA (BAK)       15  +0.05 (+0.33%)

15  +0.05 (+0.33%)

US1055321053 - ADR

Technical Rating

We assign a technical rating of 0 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.



The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
74% of all other stocks performed better in the past year than BAK.
BAK is one of the lesser performing stocks in the Chemicals industry. 77% of 123 stocks in the same industry do better.
BAK is currently trading near the lower end of its 52 week range, which is not a good sign. But, the S&P500 Index is also trading in the lower part of its yearly range, so BAK is not an exception.
In the last month BAK has a been trading in the 14.03 - 19.64 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -16.76% -20.77% -29.11% -36.97% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 26.24 14.03 - 26.93
BAK Weekly chart
BAK Daily chart

Support/Resistance Analysis


14.33

19.60
We found 1 important support area.
  • Support @14.47 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
  • A resistance zone ranging from 16.76 to 16.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 18.73 to 18.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @19.41 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

BAK has a poor technical rating and the quality of the setup is also not perfect 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.


BAK Daily chart

Braskem SA15

NYSE:BAK (6/28/2022, 1:34:42 PM)+0.05 (+0.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals
Performance
Today 0.33% 1 Week 2.33%
2 Weeks -15.15% 1 Month -16.76%
3 Month -20.77% 6 Month -29.11%
Volatility
ATR(14) 0.66 ATR(20)% 4.32%
ATR Inc -2.88% Range Today 0.51
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 26.24 Mansfield -1.41
10 Day High 17.18 10 Day Low 14.03
20 Day High 19.64 20 Day Low 14.03
52 Week High 26.93 52 Week Low 14.03
CS1 End 14.47 CR1 Start 14.96
Volume & EV
DER(3) 3.2% DER(5) 2.86%
Volume 117.56K Volume Incr 3.87%
Vol(5) 223.30K Vol(50) 254.62K

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