BANCO BRADESCO-ADR (BBD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BBD - US0594603039 - ADR
We assign a technical rating of 7 out of 10 to BBD. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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. There is a support zone below the current price at 3.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BBD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3.23
When analyzing the support we notice one important area.
- A support zone ranging from 3.26 to 3.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.36 to 3.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.71 to 3.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for BBD is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBD is down. |
| ChartMill Relative Strength | 91.4 | POSITIVE | BBD has a high relative strength, it outperformed 91.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BBD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.09 | NEUTRAL | The RSI value for BBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BBD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.57 | NEUTRAL | The Stochastics value for BBD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for BBD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.67 | NEUTRAL | The ADX value for BBD suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 3.47 | 3.25 | 0.22 (6.34%) | 15.77% |
| An entry @3.47. This is a Buy Stop order right above the resistance zone. | An exit @3.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.22 points, which is 6.34%. | For a 1.00% total portfolio risk, you can invest 15.77% of your capital in this trade. |
- 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.
3.36
+0.02 (+0.6%)
BANCO BRADESCO-ADR / BBD FAQ
Can you provide the ChartMill technical rating for BANCO BRADESCO-ADR?
ChartMill assigns a technical rating of 7 / 10 to BBD.
What is the trend direction for BBD stock?
The current trend direction for BANCO BRADESCO-ADR (BBD) is Bullish.
What is the RSI signal for BANCO BRADESCO-ADR (BBD) stock?
BANCO BRADESCO-ADR (BBD) has an RSI value of 46.0901. This indicates that the stock is currently neutral.
What is the MACD signal for BANCO BRADESCO-ADR (BBD) stock?
The MACD indicator for BANCO BRADESCO-ADR (BBD) has a value of -0.0118474, indicating a bearish trend.
Can you provide the support and resistance levels for BANCO BRADESCO-ADR?
BANCO BRADESCO-ADR (BBD) has a support level at 3.3 and a resistance level at 3.36. Check the full technical report for our detailed analysis of BBD support and resistance levels.