BANCO BRADESCO-ADR (BBDO) Technical Analysis
NYSE:BBDO • US0594604029
Current stock price
BBDO Technical Rating and Analysis
Overall BBDO gets a technical rating of 3 out of 10. Although BBDO 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 BBDO has a been trading in the 3.02 - 3.74 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 BBDO is one of the better performing stocks in the market, outperforming 87% of all stocks.
- BBDO is part of the Banks industry. There are 381 other stocks in this industry. BBDO outperforms 96% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- BBDO 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 BBDO is lagging the market slightly.
BBDO Weekly and Daily overview Charts
BBDO Setup Rating and Analysis
BBDO has a poor technical rating and the quality of the setup is also only medium 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
BBDO Support and Resistance Analysis
2.75
We found 4 important support areas.
- Support @3.05 from a trend line in the daily time frame.
- Support @2.95 from a trend line in the daily time frame.
- Support @2.88 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.78 to 2.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.08 to 3.10. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 3.40 to 3.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
BBDO 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 BBDO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBDO is down. |
| ChartMill Relative Strength | 87.59 | POSITIVE | BBDO has a high relative strength, it outperformed 87.59% off all stocks 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) | 34.97 | NEUTRAL | The RSI value for BBDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BBDO has a negative trend. |
| Stochastics (14,3) | 8.63 | OVERSOLD | The low Stochastics value suggests BBDO may be oversold. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for BBDO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.52 | NEUTRAL | The ADX value for BBDO suggests a possible start of a new trend. |
BBDO Chart- and CandleStick Pattern Analysis
BBDO Technicals: Chart, Performance Metrics, Trend & Indicators
3.07
-0.07 (-2.23%)
BANCO BRADESCO-ADR / BBDO TA FAQ
Can you provide the ChartMill technical rating for BANCO BRADESCO-ADR?
ChartMill assigns a technical rating of 3 / 10 to BBDO.
What is the trend direction for BBDO stock?
The current trend direction for BANCO BRADESCO-ADR (BBDO) is Bearish.
Can you provide the RSI signal for BANCO BRADESCO-ADR?
BANCO BRADESCO-ADR (BBDO) has an RSI value of 34.9679. 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 (BBDO) has a value of -0.0409631, indicating a bearish trend.