BANCO BRADESCO-ADR (BBD) Technical Analysis
NYSE:BBD • US0594603039
Current stock price
BBD Technical Rating and Analysis
Overall BBD gets a technical rating of 4 out of 10. 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.
- Looking at the yearly performance, BBD did better than 86% of all other stocks.
- BBD is part of the Banks industry. There are 380 other stocks in this industry. BBD outperforms 93% of them.
- BBD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BBD is performing more or less in line with the market.
- BBD has an average volume of 44645600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month BBD has a been trading in the 3.38 - 3.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BBD Weekly and Daily overview Charts
BBD Setup Rating and Analysis
BBD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.45, 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
When analyzing the support we notice one important area.
- A support zone ranging from 3.38 to 3.45. 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 4.20. 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 | NEUTRAL | NEUTRAL | The long term trend for BBD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BBD is neutral. |
| ChartMill Relative Strength | 86.01 | POSITIVE | BBD has a high relative strength, it outperformed 86.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BBD is above a declining 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) | 48.84 | NEUTRAL | The RSI value for BBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BBD has a positive trend. |
| Stochastics (14,3) | 78.21 | NEUTRAL | The Stochastics value for BBD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for BBD suggests some volalility. |
| Average Directional Index/ADX (14) | 16.39 | 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
3.66
-0.07 (-1.88%)
BANCO BRADESCO-ADR / BBD TA FAQ
Can you provide the ChartMill technical rating for BANCO BRADESCO-ADR?
ChartMill assigns a technical rating of 4 / 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.
Can you provide the RSI signal for BANCO BRADESCO-ADR?
BANCO BRADESCO-ADR (BBD) has an RSI value of 48.8424. 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 3.45 and a resistance level at 4.16. Check the full technical report for our detailed analysis of BBD support and resistance levels.