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 9 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.
HDB is part of the Banks industry. There are 398 other stocks in this industry. HDB outperforms 92% of them.
A new 52 week high is currently being made by HDB, which is a very good signal! Especially since the S&P500 is only trading in the middle part of its 52 week range, so HDB is leading the market.
In the last month HDB has a been trading in the 62.08 - 72.34 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
HDB has an average volume of 3201870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, HDB did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HDB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
57.46
72.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 62.91 to 66.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @60.73 from a horizontal line in the daily time frame.
- A support zone ranging from 59.43 to 59.49. 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
CRS92.66
Mansfield2.47
10 Day High72.34
10 Day Low62.08
20 Day High72.34
20 Day Low62.08
52 Week High72.34
52 Week Low54.99
Performance
1 Week10.78%
2 Weeks7.59%
1 Month13.06%
3 Month23.36%
6 Month18.35%
12 Month22%
2 Year3.21%
3 Year30.48%
5 Year66.18%
10 Year153.48%
15 Year-3.38%
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)0.46
RSI(14)74.08
LBB62.21
UBB71.15
72.04
+2.78 (+4.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg4.01%
1 Week10.78%
2 Weeks7.59%
1 Month13.06%
3 Month23.36%
6 Month18.35%
12 Month22%
2 Year3.21%
3 Year30.48%
5 Year66.18%
10 Year153.48%
15 Year-3.38%
Volatility
ATR(14)2.25
ATR(20)%2.61%
ATR Inc6.51%
Range Today1.98
ADR(20)1.65
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.66
Mansfield2.47
10 Day High72.34
10 Day Low62.08
20 Day High72.34
20 Day Low62.08
52 Week High72.34
52 Week Low54.99
CS1 End66.87
CR1 StartN/A
Volume & EV
DER(3)0.45%
DER(5)2.45%
Volume5.53M
Volume Incr49.92%
Vol(5)5.41M
Vol(50)3.20M