Taking this into account, Goldman upgraded its Banco Bradesco S.A. ADR [BBD] rating to a Buy from a a Neutral in a research note published on August 19, 2024; the price target was increased to $3.20 from $2.50. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in late February from “a Sell” to “a Neutral”. Jefferies also remained covering BBD and has decreased its forecast on February 09, 2024 with a “Hold” recommendation from previously “Buy” rating. Goldman revised its rating on January 09, 2024. It rated BBD as “a Sell” which previously was an “a Neutral”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of BBD
On Tuesday, Banco Bradesco S.A. ADR [NYSE:BBD] saw its stock unchanged to $2.31. Over the last five days, the stock has lost -3.75%. Banco Bradesco S.A. ADR shares have fallen nearly -31.09% since the year began. Nevertheless, the stocks have fallen -18.89% over the past one year. While a 52-week high of $3.41 was reached on 01/08/24, a 52-week low of $2.15 was recorded on 07/02/24. SMA at 50 days reached $2.64, while 200 days put it at $2.63.
Levels Of Support And Resistance For BBD Stock
The 24-hour chart illustrates a support level at 2.29, which if violated will result in even more drops to 2.27. On the upside, there is a resistance level at 2.33. A further resistance level may holdings at 2.35. The Relative Strength Index (RSI) on the 14-day chart is 25.71, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.59%. Stochastics %K at 5.51% indicates the stock is a buying.
How much short interest is there in Banco Bradesco S.A. ADR?
A steep rise in short interest was recorded in Banco Bradesco S.A. ADR stocks on 2024-10-31, growing by 2.18 million shares to a total of 17.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.77 million shares. There was a rise of 12.15%, which implies that there is a positive sentiment for the stock.
