$BBD Banco Bradesco S.A Stock Robo Analyst July 30 2020 #BBD

Banco Bradesco S.A (BBD) “On a long-term technical basis, the stock (BBD) is trading below its 200-day moving average which generally implies it is in a negative trend. The new level of support is at 4.03.

The stock has support at 4.11 and 3.85. If the stock breaks down through support at 4.11 then it will probably continue lower to 3.85. The stock has resistance at 4.58 and at 4.82. If the stock breaks up through resistance at 4.58 then it will probably continue higher to 4.82. The 200-day moving average is at 5.99. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (77.60), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”