HDFC BANK LTD-ADR (HDB) Stock Technical Analysis
USA - NYSE:HDB - US40415F1012 - ADR
Overall HDB gets a technical rating of 4 out of 10. HDB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 35.99, a Stop Loss order could be placed below this zone.
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29.45
4 important support areas can be observed.
- A support zone ranging from 35.26 to 35.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.79 to 34.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.09 from a trend line in the weekly time frame.
- Support @29.75 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 36.26 to 36.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.73 from a horizontal line in the daily time frame.
- A resistance zone ranging from 38.74 to 39.48. 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 | NEUTRAL | NEUTRAL | The long term trend for HDB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HDB is neutral. |
| ChartMill Relative Strength | 61.65 | NEUTRAL | HDB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HDB is below 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) | 50.78 | NEUTRAL | The RSI value for HDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests HDB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.87 | OVERSOLD | The low Stochastics value suggests HDB may be oversold. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for HDB suggests low volalility. |
| Average Directional Index/ADX (14) | 23.63 | NEUTRAL | The ADX value for HDB suggests a possible start of a new trend. |
36.07
+0.26 (+0.73%)
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 50.7788. 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 -0.120226, indicating a bearish trend.