Open buy · week 5
Banco Bradesco jumps 13% to a new 90-week high with earnings two weeks away
Our view last week
Banco Bradesco breaks its stalemate with a 6.7% gain. The week's price action is clear-cut: a test of the 20-week moving average, in the 15.8 area, then a firm push through the 16.4 area, the high that was still to be cleared 7 days ago. Banco Bradesco stock lifts the trade to more than 6% in profit and stays among our weekly buy signals, a swing trading setup with an improving weekly MACD and money flow back in positive territory, in a financial sector that is still weak.
This week's summary
Banco Bradesco shifts up a gear: a 13% weekly gain and a new 90-week high in the 20.2 area, confirmed by the close. A week ago Banco Bradesco stock was breaking out of its stalemate; now the trade is more than 20% in profit. It stays among our weekly buy signals, with an improving weekly MACD and positive money flow, yet the price action leaves a warning: the week closed in the lower part of its range. And earnings are due on October 22.
Open BUY
·5th week from start
·Rest of the World stocks
·T1
·📅 Earnings · Oct 22
★ See Gold version →
IQS Phase
96
in tension / maturity
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#15 / 21
Rest of the World stocks in progress
Trade P&L %
+20.30%
from signal to date, no stop loss
Banco Bradesco (BBDC3) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 15th among the 21 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly +2.32% · monthly -4.08%
BBDC3 belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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