BANCO BRADESCO-ADR (BBD)
US0594603039 - ADR
Overall BBD gets a technical rating of 7 out of 10. In the last year, BBD was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
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 94% of 419 stocks in the same industry.
BBD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BBD is lagging the market slightly.
In the last month BBD has a been trading in the 2.99 - 3.39 range, which is quite wide. It is currently trading near the high of this range.
BBD has an average volume of 16171700 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 88% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, BBD 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 3.37, 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.62
3.63
When analyzing the support we can see 6 important areas.
- A support zone ranging from 3.33 to 3.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.24 to 3.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.94 from a trend line in the weekly time frame.
- Support @2.83 from a trend line in the daily time frame.
- Support @2.71 from a horizontal line in the daily time frame.
- Support @2.65 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @3.59 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.52
Mansfield0.43
10 Day High3.39
10 Day Low3.27
20 Day High3.39
20 Day Low2.99
52 Week High3.68
52 Week Low2.34
Performance
1 Week0.6%
2 Weeks2.42%
1 Month9.03%
3 Month17.77%
6 Month-2.59%
12 Month25.19%
2 Year8.71%
3 Year-29.32%
5 Year-50.38%
10 Year-48.3%
15 Year-27.8%
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
RSI(14)64.66
LBB3.17
UBB3.42
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 |
|---|---|---|---|
| 3.40 | 3.32 | 0.08 (2.35%) | 25.00% |
| An entry @3.40. This is a Buy Stop order right above the 10 day high. | An exit @3.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.08 points, which is 2.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%. |
- 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.
BANCO BRADESCO-ADR
NYSE:BBD (12/8/2023, 7:04:00 PM)
After market: 3.38 0 (0%)3.38
+0.05 (+1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.5%
1 Week0.6%
2 Weeks2.42%
1 Month9.03%
3 Month17.77%
6 Month-2.59%
12 Month25.19%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.08
ATR(20)%2.28%
ATR Inc
Range Today0.09
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 High3.39
10 Day Low3.27
20 Day High3.39
20 Day Low2.99
52 Week High3.68
52 Week Low2.34
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume25.13M
Volume Incr-2.85%
Vol(5)15.97M
Vol(50)16.17M