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 BDORY
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Green day on Thursday for Banco do Brasil S.A. stock after gaining 0.99%
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 0.99% PDF

The Banco do Brasil S.A. stock price gained 0.99% on the last trading day (Thursday, 28th Mar 2024), rising from $11.14 to $11.25. During the last trading day the stock fluctuated 0.89% from a day low at $11.23 to a day high of $11.33. The price has been going up and down for this period, and there has been a -0.53% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 49 thousand shares were bought and sold for approximately $556.57 thousand.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Banco do Brasil S.A. stock with a 90% probability to be traded between $11.09 and $12.14 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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BDORY Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 1.99%. Further rise is indicated until a new top pivot has been found. Banco do Brasil S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Banco do Brasil S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.51. On a fall, the stock will find some support from the short-term average at $11.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Thursday, February 22, 2024 and based on theory for this formation the price should fall by -5.91% to $10.59 within 11 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for Banco do Brasil S.A. stock

Banco do Brasil S.A. finds support from accumulated volume at $11.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.1000 (0.89%) between high and low. For the last week, the stock has had daily average volatility of 2.18%.

Our recommended stop-loss: $10.63 (-5.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (BDORY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Banco do Brasil S.A. to open at $11.27, and during the day (based on 14 day Average True Range), to move between $10.95 and $11.55, which gives a possible trading interval of +/-$0.300 (+/-2.67%) up or down from last closing price. If Banco do Brasil S.A. takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.22 (0.27%) than the resistance at $11.39 (1.24%), 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 do Brasil S.A. stock A Buy?

Banco do Brasil S.A. 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.

Current score: -0.606 Hold/Accumulate Unchanged

Predicted Opening Price for Banco do Brasil S.A. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$11.27 ( 0.178%) $11.25

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

Trading levels for BDORY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.37 1.07 %
R2 11.33 0.727 %
R1 11.31 0.517 %
Current price: 11.25
Support S1 11.23 -0.162 %
S2 11.21 -0.372 %
S3 11.17 -0.711 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.74 4.36 %
R2 11.58 2.89 %
R1 11.39 1.24 %
Current price 11.25
Support S1 11.22 -0.267%
S2 11.19 -0.578%
S3 11.13 -1.11%

BDORY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 29, 2024 Mar 12, 2024 Apr 08, 2024 $0.120 1.07%
2 Feb 10, 2024 Feb 22, 2024 Mar 11, 2024 $0.131 1.15%
3 Nov 30, 2023 Dec 12, 2023 Jan 08, 2024 $0.0524 0.463%
4 Nov 22, 2023 Nov 22, 2023 Dec 11, 2023 $0.104 0.95%
5 Aug 29, 2023 Sep 12, 2023 Oct 10, 2023 $0.0690 0.720%

FAQ

What is the symbol for Banco do Brasil S.A. Stock and on which exchange is it traded?
The symbol for Banco do Brasil S.A. is BDORY and it is traded on the PINK (Pink Sheets).

Should I buy or sell Banco do Brasil S.A. Stock?
Banco do Brasil S.A. 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.

How to buy Banco do Brasil S.A. Stock?
Banco do Brasil S.A. 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 do Brasil S.A. Stock.

What's the current price of Banco do Brasil S.A. Stock?
As of the end of day on the 2024-03-28, the price of an Banco do Brasil S.A. (BDORY) share was $11.25.

What is the 52-week high and low for Banco do Brasil S.A. Stock?
The 52-week high for Banco do Brasil S.A. Stock is $12.45 and the 52-week low is $7.36.

What is the market capitalization of Banco do Brasil S.A. Stock?
As of the 2024-03-28, the market capitalization of Banco do Brasil S.A. is 32.105B.

When is the next earnings date for Banco do Brasil S.A.?
The upcoming earnings date for Banco do Brasil S.A. is May 09, 2024.
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About Banco do Brasil S.A.

Banco do Brasil S.A. Banco do Brasil S.A., together with its subsidiaries, provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company operates through Banking, Investments, Fund Management, Insurance (Insurance, Pension, and Capitalization), Payment Methods, and Other segments. The Banking segment offers various products and services, including deposits, loans, and other services to retail, wholesa... BDORY Profile

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