HDFC BANK LTD-ADR (HDB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HDB - US40415F1012 - ADR
Taking everything into account, HDB scores 4 out of 10 in our technical rating. In the past year, HDB was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
HDB has only a medium 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 36.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HDB 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
29.45
When analyzing the support we can see 5 important areas.
- A support zone ranging from 35.80 to 36.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.74 to 34.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 33.79 to 34.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.36 from a trend line in the weekly time frame.
- Support @29.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @36.97 from a horizontal line in the daily time frame.
- Resistance @37.73 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for HDB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HDB is up. |
| ChartMill Relative Strength | 69.59 | NEUTRAL | HDB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HDB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HDB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HDB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.83 | NEUTRAL | The RSI value for HDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests HDB has a positive trend. |
| Stochastics (14,3) | 89.34 | OVERBOUGHT | The high Stochastics value suggests HDB may be overbought. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for HDB suggests low volalility. |
| Average Directional Index/ADX (14) | 13.55 | NEGATIVE | The low ADX value for HDB suggests a weak or negative trend. |
36.46
+0.06 (+0.16%)
HDFC BANK LTD-ADR / HDB FAQ
What is the technical rating for HDB stock?
ChartMill assigns a technical rating of 4 / 10 to HDB.
What is the current trend direction of HDFC BANK LTD-ADR (HDB) stock?
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 56.83. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HDFC BANK LTD-ADR?
The MACD indicator for HDFC BANK LTD-ADR (HDB) has a value of 0.115639, indicating a bearish trend.