As this happened, Goldman downgraded its Banco Bradesco S.A. ADR [BBD] rating to a Sell from a a Buy in a research note published on February 12, 2025; the price target was decreased to $2 from $2.40. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. JP Morgan also remained covering BBD and has decreased its forecast on November 25, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Goldman revised its rating on August 19, 2024. It rated BBD as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BBD
On Tuesday, Banco Bradesco S.A. ADR [NYSE:BBD] saw its stock jump 3.60% to $2.30. Over the last five days, the stock has gained 4.07%. Banco Bradesco S.A. ADR shares have risen nearly 24.07% since the year began. Nevertheless, the stocks have fallen -13.19% over the past one year. While a 52-week high of $2.87 was reached on 03/25/25, a 52-week low of $1.79 was recorded on 01/10/25. SMA at 50 days reached $2.07, while 200 days put it at $2.33.
Levels Of Support And Resistance For BBD Stock
The 24-hour chart illustrates a support level at 2.27, which if violated will result in even more drops to 2.23. On the upside, there is a resistance level at 2.35. A further resistance level may holdings at 2.39. The Relative Strength Index (RSI) on the 14-day chart is 68.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.61%. Stochastics %K at 89.71% indicates the stock is a selling.
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 2025-02-28, dropping by -6.02 million shares to a total of 154.23 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 160.25 million shares. There was a decline of -3.91%, which implies that there is a negative sentiment for the stock.
