Technical Analysis for BAK - Braskem SA ADR

Grade Last Price % Change Price Change
grade F 19.71 -2.86% -0.58
BAK closed down 2.86 percent on Monday, May 13, 2019, on 13 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical BAK trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Hammer Candlestick Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%

Older signals for BAK ...

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Profile
Braskem S.A., together with its subsidiaries, produces and sells basic petrochemicals and thermoplastic resins in Brazil and internationally. It operates in three segments: Basic Petrochemicals, Polyolefins, and Vinyls. The Basic Petrochemicals segment produces ethylene, propylene butadiene, toluene, xylene, and benzene, as well as gasoline and liquefied petroleum gas; and supplies electric energy, steam, and compressed air to second-generation producers. The Polyolefins segment engages in the production of polyethylene, green polyethylene, and polypropylene. The Vinyls segment produces polyvinyl chloride, caustic soda, and chloride. Braskem also engages in the production, supply, and sale of utilities, such as water and industrial gases; and provides industrial services. The company was founded in 1972 and is headquartered in Camacari, Brazil. Braskem S.A. operates as a subsidiary of Odebrecht S.A.
Packaging Materials Petroleum Gas Chemical Industry Dielectrics Petrochemical Economy Of Brazil Plastic Industrial Services Polyethylene Polyolefin
Is BAK a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 30.52
52 Week Low 19.57
Average Volume 415,238
200-Day Moving Average 27.2567
50-Day Moving Average 25.5758
20-Day Moving Average 23.3965
10-Day Moving Average 22.292
Average True Range 0.8058
ADX 43.28
+DI 8.8807
-DI 44.9666
Chandelier Exit (Long, 3 ATRs ) 23.5426
Chandelier Exit (Short, 3 ATRs ) 21.9874
Upper Bollinger Band 26.5613
Lower Bollinger Band 20.2317
Percent B (%b) -0.08
BandWidth 27.053619
MACD Line -1.3818
MACD Signal Line -1.0396
MACD Histogram -0.3423
Fundamentals Value
Market Cap 7.85 Billion
Num Shares 398 Million
EPS 0.99
Price-to-Earnings (P/E) Ratio 19.91
Price-to-Sales 0.75
Price-to-Book 5.66
PEG Ratio -1.18
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.01
Resistance 3 (R3) 20.00 19.88 19.96
Resistance 2 (R2) 19.88 19.81 19.89 19.94
Resistance 1 (R1) 19.80 19.76 19.74 19.81 19.93
Pivot Point 19.68 19.68 19.66 19.69 19.68
Support 1 (S1) 19.60 19.61 19.54 19.61 19.49
Support 2 (S2) 19.48 19.56 19.49 19.48
Support 3 (S3) 19.40 19.48 19.46
Support 4 (S4) 19.41