BANCO BRADESCO-ADR (BBD) Technical Analysis
NYSE:BBD • US0594603039
Current stock price
3.84 USD
-0.04 (-1.03%)
At close:
3.85 USD
+0.01 (+0.26%)
After Hours:
BBD Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to BBD. In the last year, BBD was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that BBD is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, BBD also shows a nice and consistent pattern of rising prices.
- BBD is one of the better performing stocks in the Banks industry, it outperforms 89% of 376 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.
- BBD has an average volume of 38961300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BBD has a been trading in the 3.63 - 4.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
BBD Weekly and Daily overview Charts
BBD Setup Rating and Analysis
BBD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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.
More info and screens
BBD Support and Resistance Analysis
3.35
4.26
We found 2 important support areas.
- A support zone ranging from 3.53 to 3.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.38 to 3.40. 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 4.16 to 4.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
BBD Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for BBD is neutral. |
| ChartMill Relative Strength | 81.89 | POSITIVE | BBD has a high relative strength, it outperformed 81.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BBD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BBD is below a declining 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) | 46.59 | NEUTRAL | The RSI value for BBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BBD has a negative trend. |
| Stochastics (14,3) | 12.96 | OVERSOLD | The low Stochastics value suggests BBD may be oversold. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for BBD suggests some volalility. |
| Average Directional Index/ADX (14) | 13.47 | NEGATIVE | The low ADX value for BBD suggests a weak or negative trend. |
BBD Chart- and CandleStick Pattern Analysis
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)
BBD Example Setup
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 |
|---|---|---|---|
| 3.96 | 3.75 | 0.21 (5.21%) | 19.20% |
| An entry @3.96. This is a Buy Stop order right above the 10 day moving average. | An exit @3.75. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.21 points, which is 5.21%. | For a 1.00% total portfolio risk, you can invest 19.20% 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.
BBD Technicals: Chart, Performance Metrics, Trend & Indicators
3.84
-0.04 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.03%
1 Week-2.54%
2 Weeks-8.79%
1 Month4.92%
3 Month-5.19%
6 Month13.61%
12 Month60%
2 Year56.1%
3 Year24.68%
5 Year-16.85%
10 Year-2.02%
15 Year-59.36%
Volatility
ATR(14)0.1
ATR(20)%2.91%
ATR Inc-2.62%
Range Today0.08
ADR(20)0.09
ADR(20)%2.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.89
3 months CRS27.53
6 months CRS76.69
Mansfield0.43
10 Day High4.23
10 Day Low3.76
20 Day High4.3
20 Day Low3.63
52 Week High4.3
52 Week Low2.26
CS1 End3.56
CR1 Start4.16
Volume & EV
DER(3)5.5%
DER(5)4.26%
Volume13.68M
Volume Incr-41.83%
Vol(5)21.56M
Vol(50)38.96M
BANCO BRADESCO-ADR / BBD TA FAQ
Can you provide the ChartMill technical rating for BANCO BRADESCO-ADR?
ChartMill assigns a technical rating of 8 / 10 to BBD.
What is the current trend direction of BANCO BRADESCO-ADR (BBD) stock?
The current trend direction for BANCO BRADESCO-ADR (BBD) is Bullish.
Can you provide the RSI signal for BANCO BRADESCO-ADR?
BANCO BRADESCO-ADR (BBD) has an RSI value of 46.5899. This indicates that the stock is currently neutral.
What is the short term momentum for BANCO BRADESCO-ADR (BBD) stock?
The short term momentum for BANCO BRADESCO-ADR (BBD) is neutral.
What is the support and resistance level for BBD stock?
BANCO BRADESCO-ADR (BBD) has a support level at 3.56 and a resistance level at 4.16. Check the full technical report for our detailed analysis of BBD support and resistance levels.