HDFC BANK LTD-ADR (HDB) Stock Technical Analysis
NYSE:HDB - New York Stock Exchange, Inc. - US40415F1012 - ADR - Currency: USD
We assign a technical rating of 8 out of 10 to HDB. Both in the recent history as in the last year, HDB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, HDB did better than 78% of all other stocks.
HDB is one of the better performing stocks in the Banks industry, it outperforms 82% of 393 stocks in the same industry.
HDB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so HDB is performing more or less in line with the market.
HDB has an average volume of 2089430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month HDB has a been trading in the 74.31 - 79.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HDB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 76.73, a Stop Loss order could be placed below this zone.
More info and screens
58.90
79.73
3 important support areas can be observed.
- A support zone ranging from 73.93 to 76.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @60.80 from a trend line in the weekly time frame.
- Support @59.49 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 77.03 to 78.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 HDB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HDB is up. |
| ChartMill Relative Strength | 78.1 | POSITIVE | HDB has a high relative strength, it outperformed 78.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HDB is above the rising 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) | 52.48 | NEUTRAL | The RSI value for HDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests HDB has a negative trend. |
| Stochastics (14,3) | 45.74 | NEUTRAL | The Stochastics value for HDB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for HDB suggests low volalility. |
| Average Directional Index/ADX (14) | 16.46 | NEGATIVE | The low ADX value for HDB 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 |
|---|---|---|---|
| 77.60 | 76.22 | 1.38 (1.77%) | 25.00% |
| An entry @77.60. This is a Buy Stop order right above the 10 day moving average. | An exit @76.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.38 points, which is 1.77%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.44%. |
- The distance between exit and entry is rather small compared to the average daily movement of HDB. Please evaluate whether better entry and exit points can be found.
- 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.
76.98
+0.21 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.27%
1 Week-1.1%
2 Weeks2.26%
1 Month0.57%
3 Month4.61%
6 Month26.95%
12 Month28.3%
2 Year23.54%
3 Year26.09%
5 Year55.2%
10 Year170.15%
15 Year-3.65%
Volatility
ATR(14)1.23
ATR(20)%1.49%
ATR Inc-40.38%
Range Today0.96
ADR(20)0.92
ADR(20)%1.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.1
Mansfield0.88
10 Day High79.61
10 Day Low76.23
20 Day High79.61
20 Day Low74.31
52 Week High79.61
52 Week Low57.24
CS1 End76.73
CR1 Start77.03
Volume & EV
DER(3)-0.1%
DER(5)0.46%
Volume861.10K
Volume Incr-15.36%
Vol(5)1.60M
Vol(50)2.09M