HDFC BANK LTD-ADR (HDB) Stock Technical Analysis
NYSE:HDB - New York Stock Exchange, Inc. - US40415F1012 - ADR - Currency: USD
We assign a technical rating of 2 out of 10 to HDB. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
HDB is part of the Banks industry. There are 404 other stocks in this industry, of which 67% are performing better than HDB.
In the last month HDB has a been trading in the 58.08 - 62.02 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
HDB has an average volume of 2534340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, HDB turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
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.
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 58.70, a Stop Loss order could be placed below this zone.
More info and screens
53.20
68.69
We found 2 important support areas.
- A support zone ranging from 58.04 to 58.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.74 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 59.49 to 61.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 66.85 to 68.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.01
Mansfield-0.88
10 Day High61.55
10 Day Low59.25
20 Day High62.02
20 Day Low58.08
52 Week High68.5
52 Week Low53
Performance
1 Week-1.15%
2 Weeks-3.99%
1 Month0.88%
3 Month-7.78%
6 Month-2.38%
12 Month10.15%
2 Year-12.06%
3 Year-4.33%
5 Year8.44%
10 Year91.84%
15 Year-2.24%
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)41.98
LBB59.18
UBB61.96
59.48
-0.1 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.17%
1 Week-1.15%
2 Weeks-3.99%
1 Month0.88%
3 Month-7.78%
6 Month-2.38%
12 Month10.15%
2 Year-12.06%
3 Year-4.33%
5 Year8.44%
10 Year91.84%
15 Year-2.24%
Volatility
ATR(14)0.79
ATR(20)%1.42%
ATR Inc26.63%
Range Today0.5
ADR(20)0.63
ADR(20)%1.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.01
Mansfield-0.88
10 Day High61.55
10 Day Low59.25
20 Day High62.02
20 Day Low58.08
52 Week High68.5
52 Week Low53
CS1 End58.7
CR1 Start59.49
Volume & EV
DER(3)-3.21%
DER(5)-2.14%
Volume2.12M
Volume Incr-5.24%
Vol(5)2.37M
Vol(50)2.53M