HDFC BANK LTD-ADR (HDB) Stock Technical Analysis
NYSE:HDB - New York Stock Exchange, Inc. - US40415F1012 - ADR - Currency: USD
Taking everything into account, HDB scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HDB is showing a nice and steady performance.
In the last month HDB has a been trading in the 72.34 - 77.76 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
HDB is part of the Banks industry. There are 396 other stocks in this industry. HDB outperforms 84% of them.
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 3014700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, HDB did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although HDB has an excellent technical rating, it does not offer a high 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
57.48
78.25
4 important support areas can be observed.
- A support zone ranging from 73.92 to 73.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.60 from a trend line in the daily time frame.
- A support zone ranging from 59.45 to 60.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.06 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 77.48 to 77.48. 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 | UP | POSITIVE | The long term trend for HDB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HDB is neutral. |
| ChartMill Relative Strength | 86.77 | POSITIVE | HDB has a high relative strength, it outperformed 86.77% off all stocks 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) | 48.98 | NEUTRAL | The RSI value for HDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests HDB has a negative trend. |
| Stochastics (14,3) | 52.74 | NEUTRAL | The Stochastics value for HDB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for HDB suggests low volalility. |
| Average Directional Index/ADX (14) | 32.03 | POSITIVE | The high ADX value value for HDB suggests a strong 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)
73.93
-1.95 (-2.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.57%
1 Week-4.58%
2 Weeks-1.94%
1 Month0.82%
3 Month21.84%
6 Month10.34%
12 Month21.88%
2 Year6.07%
3 Year34.52%
5 Year62.63%
10 Year144.28%
15 Year3.42%
Volatility
ATR(14)1.24
ATR(20)%1.62%
ATR Inc36.82%
Range Today0.76
ADR(20)0.95
ADR(20)%1.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.77
Mansfield1.02
10 Day High77.76
10 Day Low73.3
20 Day High77.76
20 Day Low72.34
52 Week High77.76
52 Week Low57.24
CS1 End73.92
CR1 Start77.48
Volume & EV
DER(3)5.03%
DER(5)2.03%
Volume2.96M
Volume Incr-6.04%
Vol(5)2.04M
Vol(50)3.01M