HDFC BANK LTD-ADR (HDB) Technical Analysis
NYSE:HDB • US40415F1012
Current stock price
HDB Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to HDB. HDB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, HDB is a bad performer in the overall market: 88% of all stocks are doing better.
- HDB is part of the Banks industry. There are 380 other stocks in this industry, of which 94% are performing better than HDB.
- HDB is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so HDB is lagging the market.
- In the last month HDB has a been trading in the 24.74 - 31.87 range, which is quite wide. It is currently trading near the lows of this range.
- HDB has an average volume of 8650040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
HDB Weekly and Daily overview Charts
HDB Setup Rating and Analysis
The technical rating of HDB is bad and it also does not present a quality setup 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
HDB Support and Resistance Analysis
24.86
When analyzing the resistance we notice 3 important areas.
- Resistance @31.71 from a trend line in the daily time frame.
- A resistance zone ranging from 34.68 to 34.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @37.73 from a horizontal line in the daily time frame.
HDB 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 | DOWN | NEGATIVE | The long term trend for HDB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HDB is down. |
| ChartMill Relative Strength | 12.49 | NEGATIVE | HDB has a low relative strength, it was outperformed by 87.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HDB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HDB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HDB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.55 | OVERSOLD | The low RSI value suggests HDB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests HDB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.19 | OVERSOLD | The low Stochastics value suggests HDB may be oversold. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for HDB suggests some volalility. |
| Average Directional Index/ADX (14) | 46.69 | POSITIVE | The high ADX value value for HDB suggests a strong trend. |
HDB Chart- and CandleStick Pattern Analysis
HDB Technicals: Chart, Performance Metrics, Trend & Indicators
25.11
-0.7 (-2.71%)
HDFC BANK LTD-ADR / HDB TA FAQ
What is the technical rating for HDB stock?
ChartMill assigns a technical rating of 0 / 10 to HDB.
Can you provide the trend direction for HDFC BANK LTD-ADR?
The current trend direction for HDFC BANK LTD-ADR (HDB) is Bearish.
What is the RSI signal for HDFC BANK LTD-ADR (HDB) stock?
HDFC BANK LTD-ADR (HDB) has an RSI value of 22.5527. This indicates that the stock is currently oversold.
What is the short term momentum for HDFC BANK LTD-ADR (HDB) stock?
The short term momentum for HDFC BANK LTD-ADR (HDB) is negative.
What are the support and resistance levels for HDFC BANK LTD-ADR (HDB) stock?
HDFC BANK LTD-ADR (HDB) has a resistance level at 31.71. Check the full technical report for our detailed analysis of HDB support and resistance levels.