BANCO BRADESCO-ADR (BBD) Technical Analysis
NYSE:BBD • US0594603039
Current stock price
BBD Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to BBD. Although BBD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month BBD has a been trading in the 3.38 - 4.11 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that BBD is one of the better performing stocks in the market, outperforming 87% 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 95% of 380 stocks in the same industry.
- BBD has an average volume of 44918800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- BBD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BBD is lagging the market slightly.
BBD Weekly and Daily overview Charts
BBD Setup Rating and Analysis
Although the technical rating is only medium, BBD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.43, 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.
More info and screens
BBD Support and Resistance Analysis
3.35
We found 1 important support area.
- A support zone ranging from 3.38 to 3.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.67 to 3.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.16 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for BBD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBD is down. |
| ChartMill Relative Strength | 87.26 | POSITIVE | BBD has a high relative strength, it outperformed 87.26% 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) | 40.66 | 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. |
| Stochastics (14,3) | 33.95 | NEUTRAL | The Stochastics value for BBD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for BBD suggests some volalility. |
| Average Directional Index/ADX (14) | 19.43 | NEGATIVE | The low ADX value for BBD suggests a weak or negative trend. |
BBD Chart- and CandleStick Pattern Analysis
BBD Technicals: Chart, Performance Metrics, Trend & Indicators
3.49
-0.05 (-1.41%)
BANCO BRADESCO-ADR / BBD TA FAQ
Can you provide the ChartMill technical rating for BANCO BRADESCO-ADR?
ChartMill assigns a technical rating of 5 / 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 Bearish.
What is the RSI signal for BANCO BRADESCO-ADR (BBD) stock?
BANCO BRADESCO-ADR (BBD) has an RSI value of 40.6578. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BANCO BRADESCO-ADR?
The MACD indicator for BANCO BRADESCO-ADR (BBD) has a value of -0.00955736, indicating a bearish trend.