HDFC BANK LTD-ADR (HDB) Stock Technical Analysis
NYSE:HDB - New York Stock Exchange, Inc. - US40415F1012 - ADR - Currency: USD
Overall HDB gets a technical rating of 10 out of 10. Both in the recent history as in the last year, HDB has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, HDB did better than 91% of all other stocks.
HDB is part of the Banks industry. There are 396 other stocks in this industry. HDB outperforms 91% 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.
In the last month HDB has a been trading in the 69.14 - 74.40 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
HDB has an average volume of 3222600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HDB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 72.94, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
57.48
75.93
We found 5 important support areas.
- A support zone ranging from 72.00 to 72.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 68.92 to 70.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @61.13 from a trend line in the daily time frame.
- A support zone ranging from 59.45 to 59.89. 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.
- Resistance @75.18 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 | UP | POSITIVE | The long term trend for HDB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HDB is up. |
| ChartMill Relative Strength | 91.45 | POSITIVE | HDB has a high relative strength, it outperformed 91.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HDB is above 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) | 60.47 | NEUTRAL | The RSI value for HDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests HDB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 78.33 | NEUTRAL | The Stochastics value for HDB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for HDB suggests low volalility. |
| Average Directional Index/ADX (14) | 25.71 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 75.19 | 71.99 | 3.20 (4.26%) | 23.50% |
| An entry @75.19. This is a Buy Stop order right above the resistance zone. | An exit @71.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.20 points, which is 4.26%. | For a 1.00% total portfolio risk, you can invest 23.50% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
73.98
+1.26 (+1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.73%
1 Week1.31%
2 Weeks4.97%
1 Month2.51%
3 Month24.38%
6 Month14.7%
12 Month27.55%
2 Year14.88%
3 Year28.5%
5 Year76.86%
10 Year148.17%
15 Year6.45%
Volatility
ATR(14)1.45
ATR(20)%1.8%
ATR Inc-17.68%
Range Today1.84
ADR(20)1.06
ADR(20)%1.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.45
Mansfield1.47
10 Day High74.25
10 Day Low71.33
20 Day High74.4
20 Day Low69.14
52 Week High75.37
52 Week Low55
CS1 End72.94
CR1 Start75.18
Volume & EV
DER(3)-1.47%
DER(5)2.38%
Volume3.09M
Volume Incr-26.78%
Vol(5)1.91M
Vol(50)3.22M