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 BBD
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Banco Bradesco Sa stock price down 1.72% on Thursday
(Updated on Mar 28, 2024)

Buy candidate since Mar 26, 2024 PDF

The Banco Bradesco Sa stock price fell by -1.72% on the last day (Thursday, 28th Mar 2024) from $2.91 to $2.86. During the last trading day the stock fluctuated 2.46% from a day low at $2.85 to a day high of $2.92. The price has fallen in 5 of the last 10 days and is down by -0.69% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 million shares and in total, 8 million shares were bought and sold for approximately $23.40 million.

The stock lies the upper part of a very 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 $2.97 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 -17.84% during the next 3 months and, with a 90% probability hold a price between $1.94 and $2.44 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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BBD 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 $2.85 and $2.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 6.72%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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

Banco Bradesco Sa finds support from accumulated volume at $2.83 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0700 between high and low, or 2.46%. For the last week the stock has had daily average volatility of 2.35%.

Our recommended stop-loss: $2.73 (-4.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Banco Bradesco Sa to open at $2.88, and during the day (based on 14 day Average True Range), to move between $2.79 and $2.93, which gives a possible trading interval of +/-$0.0652 (+/-2.28%) up or down from last closing price. If Banco Bradesco Sa takes out the full calculated possible swing range there will be an estimated 4.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.88 (0.70%) than the support at $2.83 (1.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Banco Bradesco Sa stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.424 Buy Candidate Unchanged

Predicted Opening Price for Banco Bradesco Sa of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.88 ( 0.583%) $2.86

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

Trading levels for BBD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.95 3.03 %
R2 2.92 2.10 %
R1 2.90 1.52 %
Current price: 2.86
Support S1 2.85 -0.352 %
S2 2.83 -0.93 %
S3 2.81 -1.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.18 11.19 %
R2 3.10 8.39 %
R1 2.88 0.699 %
Current price 2.86
Support S1 2.83 -1.05%
S2 2.79 -2.45%
S3 2.73 -4.55%

BBD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 02, 2024 Apr 02, 2024 May 09, 2024 $0.0029 0.101%
2 Feb 07, 2024 Mar 04, 2024 Apr 08, 2024 $0.0029 0.100%
3 Jan 18, 2024 Feb 02, 2024 Mar 08, 2024 $0.0029 0.103%
4 Dec 15, 2023 Jan 03, 2024 Feb 12, 2024 $0.0038 0.139%
5 Dec 13, 2023 Dec 22, 2023 Jan 12, 2024 $0.100 3.07%

FAQ

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

Should I buy or sell Banco Bradesco Sa Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

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 2024-03-28, the price of an Banco Bradesco Sa (BBD) share was $2.86.

What is the 52-week high and low for Banco Bradesco Sa Stock?
The 52-week high for Banco Bradesco Sa Stock is $3.68 and the 52-week low is $2.48.

What is the market capitalization of Banco Bradesco Sa Stock?
As of the 2024-03-28, the market capitalization of Banco Bradesco Sa is 28.408B.
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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... BBD Profile

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