BBD stock: buy or sell
May 17th, 2021
BBD stock brief
- Banco Bradesco closed last Friday at $4.71 after growing a 2.39%.
- Price is drawing a scaled uptrend since last March with higher tops and higher bottoms. This uptrend marked a 21.71% gain
- On May 4, Banco Bradesco released its Q1 earnings report
- Banco Bradesco S. A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally.
Should I buy Banco Bradesco stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $BBD stock a buy?
In the current situation of Banco Bradesco there is just one buy setup eligible:
Uptrend buy setup
Banco Bradesco stock continues to trend higher since last March and marked an amazing 21.71% gain. Price marked a pull back in this uptrend at $4.07 in mid-April, and since then it bounced up a 15.72%. Now, it's just 3.40% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $4.87. If you decide to enter this trade, the suggested stop loss is at $4.38
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$4.87||$4.38||10.00%|
Should I sell Banco Bradesco stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Like when we have to buy shares, deciding when is the best time to sell is not a capricious decision, and we must follow our own trading style. We like very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for selling short $BBD stock
A guiding principle is that you must never mantain an open trade that results in losses greater than those expected upon the buy. When to sell your stock always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Banco Bradesco stock?
In the current situation of Banco Bradesco there is not any eligible sell setup, so Banco Bradesco stock holders with operations in green can keep their positions
Banco Bradesco ratings
We don't have any rating posted in the previous 30 days for Banco Bradesco
Banco Bradesco stock analysis
Banco Bradesco shares started an uptrend last March, and grew an amazing 21.71%. The price action shows rising tops and bottoms, and along the way provided very few entry points for those who wanted to enter. Latest pullback was in mid-April, when price bounced at $4.07. Like in all uptrends, price needs to rest and now price is moving in a range between $4.87 and $4.07
Supports and resistances
The current resistances are:
The current supports are:
The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
When the stays for so long below 70 and above 30, without any indication of overvaluation and undervaluation, the indicator gets of little use, and we are currently in such a case.
Banco Bradesco stock price history
Banco Bradesco went public priced at an adjusted price1 of $0.50 on Aug 2002. Since then, BBD stock surged by 842.00%, with an average of 46.78% per year. If you had invested thousand dollars in Banco Bradesco stock at that time, it would be valued $9,420.00 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Banco Bradesco stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts published by analysts in the last month. Again, these estimates are not direct recommendations for individual investors and should not be trusted blindly.
In the previous 30 days we couldn't find any price target published for Banco Bradesco stock.
Earnings and financials
Earnings event was hosted by Banco Bradesco ($BBD) on May 4 after presenting the financial report. BBD surpassed market estimates and reported of $0.13, that is a 18.18% surprise versus the estimates of $0.11. In line, reported revenues were $5.5 billion versus estimates of $4.9 billion.Compared to the same quarter one year ago, EPS was $0.09, so current EPS is a gain of 44.44%. Revenue skyrocketed a 665.89% on an annualized basis in the , from $28.6B to $219.2B last quarter.
BBD ($BBD) will host the earnings call next July.
Banco Bradesco performance
|Banco Bradesco ($BBD)||4.20%||-1.10%||8.50%|
Please read:The thoughts expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the particular situations of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for education purposes only
|Friday, May 14th, 2021|
|Day range||$4.6 - $4.75|
|Average true range||$0.18|
|50d mov avg||$4.48|
|100d mov avg||$4.62|
|200d mov avg||$4.31|
|Earnings date||July 29th, 2021|