Banco Bradesco Technical Analysis (NYSE:BBD)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. When a chart pattern that can predict future Banco Bradesco stock price movements is formed, the BBD stock chart can become a key tool for a technical analyst.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Banco Bradesco. 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:
BBD stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Banco Bradesco chart patterns after the calculations remain the same. The 100 day moving average of 9.02 is below the last closing price of 9.43. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Banco Bradesco are mostly signals of long term trends and will help long term traders.
Banco Bradesco Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Banco Bradesco stock price relative to previous trades. The stock price is trading between the average and the lower band in the context 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 is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of BBD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .