BANCO BRADESCO-ADR (BBDO) Stock Technical Analysis
NYSE:BBDO - New York Stock Exchange, Inc. - US0594604029 - ADR - Currency: USD
Overall BBDO gets a technical rating of 3 out of 10. In the last year, BBDO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
BBDO is one of the lesser performing stocks in the Banks industry. 63% of 392 stocks in the same industry do better.
BBDO 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
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.
When comparing the performance of all stocks over the past year, BBDO turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
BBDO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BBDO is lagging the market.
BBDO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BBDO 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
1.80
2.75
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.42 to 2.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.00 from a trend line in the daily time frame.
- Support @1.92 from a trend line in the daily time frame.
- Support @1.82 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.47 to 2.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.67 from a trend line in the weekly time frame.
- Resistance @2.72 from a horizontal line in the weekly time frame.
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 BBDO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBDO is down. |
| ChartMill Relative Strength | 45.33 | NEUTRAL | BBDO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBDO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BBDO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBDO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.4 | NEUTRAL | The RSI value for BBDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BBDO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.33 | NEUTRAL | The Stochastics value for BBDO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BBDO suggests some volalility. |
| Average Directional Index/ADX (14) | 12.94 | NEGATIVE | The low ADX value for BBDO suggests a weak or negative 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)
2.46
+0.02 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.82%
1 Week0.82%
2 Weeks0.82%
1 Month-7.87%
3 Month2.93%
6 Month24.24%
12 Month1.65%
2 Year-9.56%
3 Year-18.81%
5 Year-23.99%
10 Year-51.4%
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%3.03%
ATR Inc-22.06%
Range Today0.04
ADR(20)0.07
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.33
Mansfield0.28
10 Day High2.53
10 Day Low2.37
20 Day High2.68
20 Day Low2.37
52 Week High2.88
52 Week Low1.71
CS1 End2.46
CR1 Start2.47
Volume & EV
DER(3)13.69%
DER(5)7.39%
Volume128.50K
Volume Incr92.5%
Vol(5)74.22K
Vol(50)47.22K