Meanwhile, BofA Securities upgraded its Banco Bradesco S.A. ADR [BBD] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Sell”. HSBC Securities also remained covering BBD and has increased its forecast on January 13, 2025 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on November 25, 2024. It rated BBD as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of BBD
On Friday, Banco Bradesco S.A. ADR [NYSE:BBD] saw its stock jump 0.74% to $2.72. Over the last five days, the stock has gained 13.49%. Banco Bradesco S.A. ADR shares have risen nearly 49.79% since the year began. Nevertheless, the stocks have risen 8.91% over the past one year. While a 52-week high of $2.81 was reached on 05/09/25, a 52-week low of $1.75 was recorded on 01/10/25. SMA at 50 days reached $2.23, 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 2.67, which if violated will result in even more drops to 2.61. On the upside, there is a resistance level at 2.76. A further resistance level may holdings at 2.80. The Relative Strength Index (RSI) on the 14-day chart is 73.37, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.71%. Stochastics %K at 73.08% indicates the stock is a holding.
