Do Traders Think Banco Bradesco SA (BBD) Can Keep Climbing Monday?

Overall market sentiment has been high on Banco Bradesco SA (BBD) stock lately. BBD receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Banco Bradesco SA has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BBD!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With BBD Stock Today?

Banco Bradesco SA (BBD) stock is trading at $3.04 as of 2:49 PM on Monday, Nov 6, an increase of $0.01, or 0.17% from the previous closing price of $3.03. Volume today is light. So far 10,120,269 shares have traded compared to average volume of 16,257,975 shares. The stock has traded between $2.99 and $3.04 so far today.

More About Banco Bradesco SA

Banco Bradesco is Brazil's second largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation--a private non-profit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share. Click Here to get the full Stock Report for Banco Bradesco SA stock.