Banco Bradesco Technical Analysis (NYSE:BBDO)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The BBDO stock chart pattern can give those who understand technical analysis an indication of which way BBDO stock is headed, but cannot predict with 100% certainty as to what can happen to the Banco Bradesco stock price.
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. The technical analysis form of Banco Bradesco stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Banco Bradesco Moving Average
Moving averages show the average price of BBDO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $6.06 is below the price of $6.11.
Banco Bradesco Bollinger Bands
Bollinger bands comprise of a center line usually BBDO SMA, and two BBDO stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $6.11 is in the upper range of Banco Bradesco bollinger bands.
Banco Bradesco Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Banco Bradesco MACD indicator can be used to identify bullish and bearish trends for the stock.
Banco Bradesco Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 46 is the RSI value of BBDO stock.