HDFC BANK LTD-ADR (HDB) Stock Technical Analysis
USA - NYSE:HDB - US40415F1012 - ADR
35.45 USD
-0.17 (-0.48%)
35.45 USD
0 (0%)
Taking everything into account, HDB scores 1 out of 10 in our technical rating. HDB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
HDB is one of the lesser performing stocks in the Banks industry. 76% of 392 stocks in the same industry do better.
In the last month HDB has a been trading in the 34.70 - 37.55 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
HDB has an average volume of 2069980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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 40% of all stocks.
HDB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HDB is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, HDB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 35.33, a Stop Loss order could be placed below this zone.
More info and screens
29.45
39.87
When analyzing the support we can see 3 important areas.
- A support zone ranging from 34.75 to 35.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.72 from a trend line in the weekly time frame.
- Support @29.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.50 to 35.56. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for HDB is down. |
| ChartMill Relative Strength | 40.61 | 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) | 42.49 | NEUTRAL | The RSI value for HDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests HDB has a positive trend. |
| Stochastics (14,3) | 55.65 | NEUTRAL | The Stochastics value for HDB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for HDB suggests low volalility. |
| Average Directional Index/ADX (14) | 25.38 | 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)
35.45
-0.17 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.48%
1 Week1.08%
2 Weeks0.42%
1 Month-5.99%
3 Month-4.99%
6 Month9.89%
12 Month7.87%
2 Year20.15%
3 Year21.36%
5 Year41.91%
10 Year132.12%
15 Year-23.09%
Volatility
ATR(14)0.57
ATR(20)%1.6%
ATR Inc9.71%
Range Today0.59
ADR(20)0.5
ADR(20)%1.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.61
Mansfield-0.62
10 Day High36.47
10 Day Low34.95
20 Day High37.55
20 Day Low34.7
52 Week High39.81
52 Week Low28.89
CS1 End35.33
CR1 Start35.5
Volume & EV
DER(3)-1.31%
DER(5)-0.08%
Volume3.56M
Volume Incr81.39%
Vol(5)3.62M
Vol(50)2.07M