BANCO BRADESCO-ADR (BBD) Stock Technical Analysis
NYSE:BBD - New York Stock Exchange, Inc. - US0594603039 - ADR - Currency: USD
Overall BBD gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
BBD is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, BBD did better than 83% of all other stocks.
BBD is one of the better performing stocks in the Banks industry, it outperforms 88% of 393 stocks in the same industry.
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 39120300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
BBD has an average technical rating and the quality of the presented setup is also 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
2.22
3.14
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.79 to 2.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.74 from a horizontal line in the daily time frame.
- Support @2.24 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.08 to 3.11. 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 | DOWN | NEGATIVE | The short term trend for BBD is down. |
| ChartMill Relative Strength | 83.06 | POSITIVE | BBD has a high relative strength, it outperformed 83.06% 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) | 43.71 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 26.67 | NEUTRAL | The Stochastics value for BBD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for BBD suggests some volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for BBD suggests a possible start of a new 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)
2.81
+0.04 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.44%
1 Week0.36%
2 Weeks0%
1 Month-9.35%
3 Month17.08%
6 Month33.18%
12 Month27.15%
2 Year-6.02%
3 Year-22.59%
5 Year-18.01%
10 Year-29.54%
15 Year-66.4%
Volatility
ATR(14)0.07
ATR(20)%2.48%
ATR Inc42.31%
Range Today0.07
ADR(20)0.06
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.06
Mansfield0.7
10 Day High2.9
10 Day Low2.73
20 Day High3.1
20 Day Low2.73
52 Week High3.13
52 Week Low1.84
CS1 End2.8
CR1 Start3.08
Volume & EV
DER(3)5.45%
DER(5)4.45%
Volume29.53M
Volume Incr23.22%
Vol(5)41.67M
Vol(50)39.12M