BANCO BRADESCO-ADR (BBD) Stock Technical Analysis
NYSE:BBD - New York Stock Exchange, Inc. - US0594603039 - ADR - Currency: USD
Taking everything into account, BBD scores 9 out of 10 in our technical rating. 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 one of the better performing stocks in the Banks industry, it outperforms 93% of 396 stocks in the same industry.
BBD is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BBD has a been trading in the 2.66 - 3.02 range, which is quite wide. It is currently trading near the high of this range.
BBD has an average volume of 43262200 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 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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
2.12
3.04
3 important support areas can be observed.
- A support zone ranging from 2.85 to 2.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.55 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.14 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.01 to 3.01. 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 | 90.61 | POSITIVE | BBD has a high relative strength, it outperformed 90.61% 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) | 71.72 | OVERBOUGHT | The high RSI value suggests BBD may be overbought. |
| 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) | 78.72 | NEUTRAL | The Stochastics value for BBD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for BBD suggests some volalility. |
| Average Directional Index/ADX (14) | 32.85 | POSITIVE | The high ADX value value for BBD suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 3.02 | 2.84 | 0.18 (5.96%) | 16.78% |
| An entry @3.02. This is a Buy Stop order right above the resistance zone. | An exit @2.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.18 points, which is 5.96%. | For a 1.00% total portfolio risk, you can invest 16.78% 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.
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+0.03 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.01%
1 Week3.81%
2 Weeks4.17%
1 Month9.09%
3 Month39.53%
6 Month48.51%
12 Month25.52%
2 Year-13.29%
3 Year-7.98%
5 Year-13.39%
10 Year-47.69%
15 Year-60.12%
Volatility
ATR(14)0.08
ATR(20)%2.63%
ATR Inc26.74%
Range Today0.08
ADR(20)0.08
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.61
Mansfield1.99
10 Day High3.02
10 Day Low2.8
20 Day High3.02
20 Day Low2.66
52 Week High3.02
52 Week Low1.84
CS1 End2.85
CR1 Start3.01
Volume & EV
DER(3)4.23%
DER(5)5.88%
Volume38.63M
Volume Incr-29.64%
Vol(5)37.66M
Vol(50)43.26M