Banco Bradesco: confirmation holds, up 0.9% this week
Banco Bradesco gains 0.9% as the buy signal's confirmation week holds
Banco Bradesco: confirmation holds, up 0.9% this week
Our view last week
Banco Bradesco shares close the week down 3.2%, with sellers back in control and a distribution phase underway. Yet that same weakness is what triggers the new Buy signal: the daily chart has just carved out a clean double bottom in the 15 area, with a 6% intermediate rebound. In this week's Banco Bradesco technical analysis the stock ranks third among the five fresh Rest of the World Longs — but the entry stays cautious, first week, confirmation still to come.
This week's summary
The buy signal that fired on Banco Bradesco last week is holding: Banco Bradesco shares close the confirmation week up 0.9%, with all four structural moving averages aligned and price compressed just under resistance in the 16.52 area. Volume is thinning out, a mild caveat, but the picture stays bullish. In this week's Banco Bradesco technical analysis the stock ranks 7th among the 13 open Rest of the World Longs, with a signal strength of 55 out of 100.
Open BUY
·1st week from start
·Rest of the World stocks
·T1
·📅 Earnings · Jul 29
★ See Gold version →
IQS Phase
54
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#7 / 13
Rest of the World stocks in progress
Trade P&L %
+0.94%
from signal to today
Rank position
ranks 7th among the 13 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 regimein positive regime
Performanceweekly +0.09% · monthly +4.82%
BBDC3 belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content