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. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that HDB is one of the better performing stocks in the market, outperforming 91% of all stocks.
HDB is part of the Banks industry. There are 398 other stocks in this industry. HDB outperforms 90% of them.
HDB is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
HDB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
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 3292170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, HDB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for HDB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
57.46
74.33
5 important support areas can be observed.
- Support @68.26 from a trend line in the daily time frame.
- Support @63.78 from a horizontal line in the daily time frame.
- Support @60.73 from a horizontal line in the daily time frame.
- A support zone ranging from 59.45 to 59.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.04 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.77
Mansfield1.76
10 Day High75.37
10 Day Low71.16
20 Day High75.37
20 Day Low62.08
52 Week High75.37
52 Week Low54.99
Performance
1 Week1.97%
2 Weeks2.15%
1 Month9.9%
3 Month21.36%
6 Month16.44%
12 Month25.77%
2 Year14.27%
3 Year27.83%
5 Year75.93%
10 Year146.86%
15 Year5.88%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)67.31
LBB68.03
UBB75.74
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 |
|---|---|---|---|
| 75.38 | 71.15 | 4.23 (5.61%) | 17.82% |
| An entry @75.38. This is a Buy Stop order right above the 10 day high. | An exit @71.15. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.23 points, which is 5.61%. | When investing 17.82% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
73.59
+1.31 (+1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.81%
1 Week1.97%
2 Weeks2.15%
1 Month9.9%
3 Month21.36%
6 Month16.44%
12 Month25.77%
2 Year14.27%
3 Year27.83%
5 Year75.93%
10 Year146.86%
15 Year5.88%
Volatility
ATR(14)1.72
ATR(20)%2.78%
ATR Inc-43.01%
Range Today0.67
ADR(20)1.74
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.77
Mansfield1.76
10 Day High75.37
10 Day Low71.16
20 Day High75.37
20 Day Low62.08
52 Week High75.37
52 Week Low54.99
CS1 End68.26
CR1 StartN/A
Volume & EV
DER(3)0.35%
DER(5)4%
Volume1.48M
Volume Incr-61.79%
Vol(5)1.66M
Vol(50)3.29M