3% bounce off the 50-day average, buy signal holding
Banco Bradesco stock slips 0.6%, bounces 3% off its 50-day average
3% bounce off the 50-day average, buy signal holding
Our view last week
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.
This week's summary
Banco Bradesco shares bounce 3% off their 50-day moving average, after a touch in the 15 area: a clean return to dynamic support. The week just closed slips 0.6%, though, with sellers slightly in control and a distribution phase underway. In this week's Banco Bradesco technical analysis the buy signal holds: the stock stays 5th among the 12 open Rest of World Longs, with earnings due this very week.
Open BUY
·2nd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 5
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IQS Phase
50
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#5 / 12
Rest of the World stocks in progress
Trade P&L %
+0.31%
from signal to date, no stop loss
Rank position
ranks 5th among the 12 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein strong phase
Performanceweekly +1.12% · monthly +3.94%
BBDC3 belongs to the financials sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
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