BANCO BRADESCO-ADR (BBD) Stock Technical Analysis
NYSE:BBD - New York Stock Exchange, Inc. - US0594603039 - ADR - Currency: USD
We assign a technical rating of 9 out of 10 to BBD. Both in the recent history as in the last year, BBD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
BBD is part of the Banks industry. There are 396 other stocks in this industry. BBD outperforms 82% of them.
BBD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BBD is performing more or less in line with the market.
In the last month BBD has a been trading in the 2.26 - 2.80 range, which is quite wide. It is currently trading near the high of this range.
BBD has an average volume of 40214100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BBD did better than 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
BBD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
2.08
2.83
3 important support areas can be observed.
- A support zone ranging from 2.73 to 2.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.40 to 2.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.10 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.75 from a horizontal line in the weekly time frame.
- Resistance @2.80 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.48
Mansfield1.41
10 Day High2.8
10 Day Low2.6
20 Day High2.8
20 Day Low2.26
52 Week High2.96
52 Week Low1.84
Performance
1 Week-0.36%
2 Weeks20.7%
1 Month17.6%
3 Month31.1%
6 Month15.13%
12 Month9.16%
2 Year-11.04%
3 Year-35.53%
5 Year-12.89%
10 Year-50.27%
15 Year-64.65%
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)0.02
RSI(14)66.1
LBB2.26
UBB2.99
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 |
|---|---|---|---|
| 2.76 | 2.72 | 0.04 (1.45%) | 25.00% |
| An entry @2.76. This is a Buy Stop order right above the resistance zone. | An exit @2.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.04 points, which is 1.45%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.36%. |
- The distance between exit and entry is rather small compared to the average daily movement of BBD. 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.
2.74
-0.04 (-1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.44%
1 Week-0.36%
2 Weeks20.7%
1 Month17.6%
3 Month31.1%
6 Month15.13%
12 Month9.16%
2 Year-11.04%
3 Year-35.53%
5 Year-12.89%
10 Year-50.27%
15 Year-64.65%
Volatility
ATR(14)0.1
ATR(20)%3.29%
ATR Inc-43.52%
Range Today0.07
ADR(20)0.07
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.48
Mansfield1.41
10 Day High2.8
10 Day Low2.6
20 Day High2.8
20 Day Low2.26
52 Week High2.96
52 Week Low1.84
CS1 End2.73
CR1 Start2.75
Volume & EV
DER(3)-0.06%
DER(5)0.19%
Volume27.14M
Volume Incr-11.87%
Vol(5)35.69M
Vol(50)40.21M