HDFC BANK LTD-ADR (HDB) Stock Technical Analysis
NYSE:HDB • US40415F1012
Overall HDB gets a technical rating of 0 out of 10. HDB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, HDB is a bad performer in the overall market: 74% of all stocks are doing better.
- HDB is one of the lesser performing stocks in the Banks industry. 89% of 379 stocks in the same industry do better.
- HDB is currently trading in the lower part of its 52 week range. The S&P500 Index however 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 30.45 - 34.46 range, which is quite wide. It is currently trading near the lows of this range.
- HDB has an average volume of 6037200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of HDB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
29.45
We found 1 important support area.
- Support @29.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 32.88 to 33.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.47 to 34.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 35.16 to 35.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 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 | 26.17 | NEGATIVE | HDB has a low relative strength, it was outperformed by 73.83% 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) | 30.05 | 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) | 14.03 | OVERSOLD | The low Stochastics value suggests HDB may be oversold. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for HDB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.87 | NEGATIVE | The low ADX value for HDB suggests a weak or negative trend. |
30.85
-0.71 (-2.25%)
HDFC BANK LTD-ADR / HDB 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 30.0499. This indicates that the stock is currently neutral.
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 support level at 29.75 and a resistance level at 32.88. Check the full technical report for our detailed analysis of HDB support and resistance levels.