BRASKEM SA-CLASS A- ADR (BAK)

US1055321053 - ADR

8.34  +0.44 (+5.57%)

After market: 8.34 0 (0%)

Technical Rating and Analysis

4

Taking everything into account, BAK scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BAK was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, BAK is a bad performer in the overall market: 65% of all stocks are doing better.
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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BAK has a been trading in the 6.35 - 8.24 range, which is quite wide. It is currently trading near the high of this range.
BAK has an average volume of 1119920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BAK is an average performer in the Chemicals industry, it outperforms 60% of 85 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
BAK Weekly chart
BAK Daily chart
Setup Rating and Analysis

3

BAK has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

6.71

11.56

We found 3 important support areas.

  • Support @8.06 from a trend line in the daily time frame.
  • A support zone ranging from 7.64 to 7.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 6.78 to 7.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

  • Resistance @8.48 from a trend line in the daily time frame.
  • A resistance zone ranging from 8.95 to 9.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @11.45 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
CRS35.1
Mansfield-1.89
10 Day High8.24
10 Day Low6.35
20 Day High8.24
20 Day Low6.35
52 Week High12.67
52 Week Low6.26
Performance
1 Week15.33%
2 Weeks9.42%
1 Month9.27%
3 Month-4.24%
6 Month-12.9%
12 Month2.73%
2 Year-57.64%
3 Year-29.78%
5 Year-71.64%
10 Year-55.19%
15 Year-8.46%
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)0.12
RSI(14)60.53
LBB6.56
UBB7.95
BAK Daily chart

BRASKEM SA-CLASS A- ADR

NYSE:BAK (2/22/2024, 3:00:02 PM)

After market: 8.34 0 (0%)

8.34

+0.44 (+5.57%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg5.57%
1 Week15.33%
2 Weeks9.42%
1 Month9.27%
3 Month-4.24%
6 Month-12.9%
12 Month2.73%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.36
ATR(20)%4.24%
ATR Inc
Range Today0.46
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 High8.24
10 Day Low6.35
20 Day High8.24
20 Day Low6.35
52 Week High12.67
52 Week Low6.26
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.18M
Volume Incr45.1%
Vol(5)1.33M
Vol(50)1.12M