BANCO BRADESCO-ADR (BBD) Stock Technical Analysis
USA - NYSE:BBD - US0594603039 - ADR
We assign a technical rating of 10 out of 10 to BBD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BBD is showing a nice and steady performance.
Although BBD has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
3.02
We found 2 important support areas.
- A support zone ranging from 3.14 to 3.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.05 to 3.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.36 to 3.40. 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 | UP | POSITIVE | The short term trend for BBD is up. |
| ChartMill Relative Strength | 83.88 | POSITIVE | BBD has a high relative strength, it outperformed 83.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBD is above 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) | 59.51 | NEUTRAL | The RSI value for BBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BBD has a positive trend. |
| Stochastics (14,3) | 82.99 | OVERBOUGHT | The high Stochastics value suggests BBD may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for BBD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.23 | NEGATIVE | The low ADX value for BBD suggests a weak or negative trend. |
3.35
0 (0%)
BANCO BRADESCO-ADR / BBD FAQ
Can you provide the ChartMill technical rating for BANCO BRADESCO-ADR?
ChartMill assigns a technical rating of 10 / 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 59.5064. 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 0.0129583, 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 3.17 and a resistance level at 3.36. Check the full technical report for our detailed analysis of BBD support and resistance levels.