Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BBDO
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Evaluation of Banco Bradesco Sa stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 26, 2024 Gain 1.17% PDF

The Banco Bradesco Sa stock price gained 1.17% on the last trading day (Wednesday, 27th Mar 2024), rising from $2.56 to $2.59. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.77% from a day low at $2.55 to a day high of $2.59. The price has risen in 5 of the last 10 days and is up by 0.78% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 7 thousand shares were bought and sold for approximately $19.18 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $2.60 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.03% during the next 3 months and, with a 90% probability hold a price between $1.76 and $2.10 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BBDO Signals & Forecast

The Banco Bradesco Sa stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.56 and $2.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 15, 2024, and so far it has risen 5.28%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Banco Bradesco Sa stock

Banco Bradesco Sa finds support from accumulated volume at $2.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0450 between high and low, or 1.77%. For the last week the stock has had daily average volatility of 1.76%

Our recommended stop-loss: $2.48 (-4.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)

Trading Expectations (BBDO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Banco Bradesco Sa to open at $2.58, and during the day (based on 14 day Average True Range), to move between $2.53 and $2.65, which gives a possible trading interval of +/-$0.0559 (+/-2.16%) up or down from last closing price. If Banco Bradesco Sa takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.57 (0.77%) than the resistance at $2.66 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Banco Bradesco Sa stock A Buy?

Banco Bradesco Sa holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.702 Hold/Accumulate Downgraded

Predicted Opening Price for Banco Bradesco Sa of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.58 ( 0.579%) $2.59

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BBDO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.62 1.16 %
R2 2.60 0.495 %
R1 2.59 0.0846 %
Current price: 2.59
Support S1 2.56 -1.24 %
S2 2.55 -1.65 %
S3 2.53 -2.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.11 20.08 %
R2 2.95 13.90 %
R1 2.66 2.70 %
Current price 2.59
Support S1 2.57 -0.772%
S2 2.56 -1.16%
S3 2.51 -3.09%

BBDO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 05, 2024 Apr 02, 2024 May 09, 2024 $0.0026 0.101%
2 Feb 06, 2024 Mar 04, 2024 Apr 08, 2024 $0.0035 0.134%
3 Feb 02, 2024 Feb 02, 2024 Mar 08, 2024 $0.0026 0.105%
4 Dec 15, 2023 Jan 03, 2024 Feb 12, 2024 $0.0035 0.130%
5 Dec 13, 2023 Dec 22, 2023 Jan 12, 2024 $0.0900 3.05%

FAQ

What is the symbol for Banco Bradesco Sa Stock and on which exchange is it traded?
The symbol for Banco Bradesco Sa is BBDO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Banco Bradesco Sa Stock?
Banco Bradesco Sa holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Banco Bradesco Sa Stock?
Banco Bradesco Sa Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Banco Bradesco Sa Stock.

What's the current price of Banco Bradesco Sa Stock?
As of the end of day on the 2024-03-27, the price of an Banco Bradesco Sa (BBDO) share was $2.59.

What is the 52-week high and low for Banco Bradesco Sa Stock?
The 52-week high for Banco Bradesco Sa Stock is $3.21 and the 52-week low is $2.23.

What is the market capitalization of Banco Bradesco Sa Stock?
As of the 2024-03-27, the market capitalization of Banco Bradesco Sa is 28.44B.
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About Banco Bradesco Sa

Banco Bradesco Sa Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segment, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards... BBDO Profile

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