BANCO BRADESCO-ADR (BBDO) Stock Technical Analysis
NYSE:BBDO - US0594604029 - ADR
2.63 USD
+0.03 (+1.15%)
2.6236 USD
-0.01 (-0.24%)
Taking everything into account, BBDO scores 7 out of 10 in our technical rating. Although BBDO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BBDO is part of the Banks industry. There are 393 other stocks in this industry, of which 65% are performing better than BBDO.
The long and short term trends are both positive. This is looking good!
BBDO 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 BBDO is lagging the market slightly.
In the last month BBDO has a been trading in the 2.37 - 2.69 range, which is quite wide. It is currently trading near the high of this range.
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 51% of all stocks.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, BBDO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.59, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.01
2.75
3 important support areas can be observed.
- A support zone ranging from 2.52 to 2.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.42 to 2.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.03 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.65 to 2.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | UP | POSITIVE | The short term trend for BBDO is up. |
| ChartMill Relative Strength | 51.59 | NEUTRAL | BBDO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBDO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBDO is above the rising 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) | 55.98 | NEUTRAL | The RSI value for BBDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BBDO has a positive trend. |
| Stochastics (14,3) | 65.28 | NEUTRAL | The Stochastics value for BBDO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for BBDO suggests some volalility. |
| Average Directional Index/ADX (14) | 10.24 | 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)
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 |
|---|---|---|---|
| 2.67 | 2.51 | 0.16 (5.99%) | 16.69% |
| An entry @2.67. This is a Buy Stop order right above the resistance zone. | An exit @2.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.16 points, which is 5.99%. | For a 1.00% total portfolio risk, you can invest 16.69% 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.
2.63
+0.03 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.15%
1 Week2.33%
2 Weeks0%
1 Month7.35%
3 Month4.37%
6 Month39.89%
12 Month6.05%
2 Year-3.31%
3 Year-13.2%
5 Year-18.74%
10 Year-48.04%
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.54%
ATR Inc2.14%
Range Today0.08
ADR(20)0.09
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.59
Mansfield0.81
10 Day High2.69
10 Day Low2.45
20 Day High2.69
20 Day Low2.37
52 Week High2.88
52 Week Low1.71
CS1 End2.59
CR1 Start2.65
Volume & EV
DER(3)-2.7%
DER(5)-2.75%
Volume202.40K
Volume Incr92.84%
Vol(5)64.88K
Vol(50)37.93K