Banco Bradesco Technical Analysis (NYSE:BBDO)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Banco Bradesco stock price data and volume are plotted in BBDO stock charts and these trading charts form the basis of technical analysis.
See Banco Bradesco bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Banco Bradesco stock analysis.
Banco Bradesco Moving Average:
Moving averages show the BBDO stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A key factor that impacts moving averages is the lag factor. The 20 day moving average of $39.33 is below the price of $10.27.
Banco Bradesco Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the BBDO stock. Currently the stock price of $10.27 is in the lower range of Banco Bradesco bollinger bands.
Banco Bradesco Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Banco Bradesco MACD indicator can be used to identify bullish and bearish trends for the stock.
Banco Bradesco Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of BBDO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .