BANCO BRADESCO-ADR (BBD) Stock Technical Analysis
NYSE:BBD - New York Stock Exchange, Inc. - US0594603039 - ADR - Currency: USD
We assign a technical rating of 7 out of 10 to BBD. In the last year, BBD was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BBD has a been trading in the 1.98 - 2.40 range, which is quite wide. It is currently trading near the high of this range.
BBD has an average volume of 39789100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BBD is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
BBD is an average performer in the Banks industry, it outperforms 59% of 398 stocks in the same industry.
BBD is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BBD has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.91
2.89
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.16 to 2.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.06 from a trend line in the daily time frame.
- Support @1.93 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @2.86 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.2
Mansfield0.41
10 Day High2.4
10 Day Low2.13
20 Day High2.4
20 Day Low1.98
52 Week High2.96
52 Week Low1.84
Performance
1 Week7.21%
2 Weeks12.8%
1 Month3.93%
3 Month23.32%
6 Month-7.75%
12 Month-12.5%
2 Year-15%
3 Year-33.89%
5 Year-25.62%
10 Year-64.44%
15 Year-73.05%
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)0.02
RSI(14)65.32
LBB2.02
UBB2.41
2.38
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0%
1 Week7.21%
2 Weeks12.8%
1 Month3.93%
3 Month23.32%
6 Month-7.75%
12 Month-12.5%
2 Year-15%
3 Year-33.89%
5 Year-25.62%
10 Year-64.44%
15 Year-73.05%
Volatility
ATR(14)0.08
ATR(20)%3.49%
ATR Inc-46.97%
Range Today0.03
ADR(20)0.07
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.2
Mansfield0.41
10 Day High2.4
10 Day Low2.13
20 Day High2.4
20 Day Low1.98
52 Week High2.96
52 Week Low1.84
CS1 End2.22
CR1 Start2.86
Volume & EV
DER(3)-2.37%
DER(5)3.51%
Volume26.11M
Volume Incr-36.51%
Vol(5)25.35M
Vol(50)39.79M