HDFC BANK LTD-ADR (HDB) Stock Technical Analysis
NYSE:HDB • US40415F1012
We assign a technical rating of 1 out of 10 to HDB. HDB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 69% of all other stocks performed better in the past year than HDB.
- HDB is part of the Banks industry. There are 381 other stocks in this industry, of which 87% are performing better than HDB.
- HDB has an average volume of 5565020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
- In the last month HDB has a been trading in the 31.34 - 34.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 32.28, a Stop Loss order could be placed below this zone. 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
29.45
3 important support areas can be observed.
- A support zone ranging from 32.05 to 32.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.31 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 3 important areas.
- A resistance zone ranging from 33.05 to 34.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 35.38 to 35.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 36.83 to 37.73. 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 | DOWN | NEGATIVE | The long term trend for HDB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HDB is down. |
| ChartMill Relative Strength | 31.44 | NEUTRAL | HDB is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of HDB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HDB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.23 | NEUTRAL | The RSI value for HDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HDB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.22 | NEUTRAL | The Stochastics value for HDB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for HDB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.84 | NEGATIVE | The low ADX value for HDB suggests a weak or negative trend. |
32.7
-0.65 (-1.95%)
HDFC BANK LTD-ADR / HDB FAQ
What is the technical rating for HDB stock?
ChartMill assigns a technical rating of 1 / 10 to HDB.
Can you provide the trend direction for HDFC BANK LTD-ADR?
The current trend direction for HDFC BANK LTD-ADR (HDB) is Bearish.
What is the RSI signal for HDFC BANK LTD-ADR (HDB) stock?
HDFC BANK LTD-ADR (HDB) has an RSI value of 43.2298. This indicates that the stock is currently neutral.
What is the short term momentum for HDFC BANK LTD-ADR (HDB) stock?
The short term momentum for HDFC BANK LTD-ADR (HDB) is negative.
What are the support and resistance levels for HDFC BANK LTD-ADR (HDB) stock?
HDFC BANK LTD-ADR (HDB) has a support level at 32.28 and a resistance level at 33.05. Check the full technical report for our detailed analysis of HDB support and resistance levels.