HDFC BANK LTD-ADR (HDB)       57.06  -1.38 (-2.36%)

57.06  -1.38 (-2.36%)

US40415F1012 - ADR - After market: 57.34 +0.28 (+0.49%)

Technical Rating

2

Overall HDB gets a technical rating of 2 out of 10. 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 has an average volume of 1383380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, HDB outperforms 68% of them, which is more or less in line with the market.
HDB is one of the lesser performing stocks in the Banks industry. 63% of 309 stocks in the same industry do better.
HDB is currently trading in the lower part of its 52 week range, which is not a good signal. On the other hand, the S&P500 Index is also trading in the lower part of its yearly range, so HDB is not an exception.
In the last month HDB has a been trading in the 57.89 - 67.88 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Statistics

1 Month 3 Months 6 Months 12 Months -4.20% 5.28% -7.12% -20.72% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 68.25 50.61 - 78.43
HDB Weekly chart
HDB Daily chart

Support/Resistance Analysis


50.18

70.75
When analyzing the support we can see 2 important areas.
  • Support @54.48 from a horizontal line in the daily time frame.
  • Support @50.69 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
  • A resistance zone ranging from 62.51 to 64.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 66.08 to 66.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 67.63 to 67.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A resistance zone ranging from 69.68 to 70.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

2

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.


HDB Daily chart

HDFC BANK LTD-ADR57.06

NYSE:HDB (9/27/2022, 3:15:34 PM)-1.38 (-2.36%)

After market: 57.34 +0.28 (+0.49%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today -2.36% 1 Week -11.55%
2 Weeks -10.51% 1 Month -4.2%
3 Month 5.28% 6 Month -7.12%
Volatility
ATR(14) 1.77 ATR(20)% 2.78%
ATR Inc 0.76% Range Today 1.77
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 68.25 Mansfield 0.85
10 Day High 67.88 10 Day Low 57.89
20 Day High 67.88 20 Day Low 57.89
52 Week High 78.43 52 Week Low 50.61
CS1 End 54.48 CR1 Start 62.51
Volume & EV
DER(3) -2.29% DER(5) 0%
Volume 1.65M Volume Incr 68.93%
Vol(5) 2.16M Vol(50) 1.38M

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