HDFC BANK LTD-ADR (HDB) Stock Technical Analysis
NYSE:HDB - US40415F1012 - ADR
72.81 USD
-1.18 (-1.59%)
72.81 USD
0 (0%)
We assign a technical rating of 2 out of 10 to HDB. HDB has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month HDB has a been trading in the 72.81 - 77.62 range, which is quite wide. It is currently trading near the lows of this range.
HDB 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 HDB is lagging the market slightly.
HDB has an average volume of 1902960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the performance of all stocks over the past year, HDB turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
HDB is an average performer in the Banks industry, it outperforms 48% of 393 stocks in the same industry.
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
58.90
79.73
3 important support areas can be observed.
- A support zone ranging from 72.72 to 72.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.17 from a trend line in the weekly time frame.
- Support @59.49 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 74.40 to 75.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 77.48 to 78.94. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for HDB is down. |
| ChartMill Relative Strength | 60.8 | NEUTRAL | HDB is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of HDB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.58 | NEUTRAL | The RSI value for HDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests HDB has a negative trend. |
| Stochastics (14,3) | 22.85 | NEUTRAL | The Stochastics value for HDB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for HDB suggests low volalility. |
| Average Directional Index/ADX (14) | 11.57 | 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)
72.81
-1.18 (-1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.59%
1 Week-3.5%
2 Weeks-1.73%
1 Month-5.17%
3 Month-3.42%
6 Month18.16%
12 Month19.15%
2 Year16.85%
3 Year19.26%
5 Year46.79%
10 Year155.52%
15 Year-8.87%
Volatility
ATR(14)1.04
ATR(20)%1.38%
ATR Inc53.33%
Range Today1.3
ADR(20)0.93
ADR(20)%1.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.8
Mansfield-0.08
10 Day High75.71
10 Day Low72.81
20 Day High77.62
20 Day Low72.81
52 Week High79.61
52 Week Low57.78
CS1 End72.8
CR1 Start74.4
Volume & EV
DER(3)-2.94%
DER(5)-4.08%
Volume1.99M
Volume Incr9.08%
Vol(5)1.80M
Vol(50)1.90M