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

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

Banco Bradesco SA has a Bearish 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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BBD Stock Today?

Banco Bradesco SA (BBD) stock is trading at $2.81 as of 1:28 PM on Wednesday, Oct 4, a rise of $0.11, or 3.89% from the previous closing price of $2.70. The stock has traded between $2.71 and $2.82 so far today. Volume today is elevated. So far 25,933,120 shares have traded compared to average volume of 15,334,753 shares. To see InvestorsObserver's Sentiment Score for Banco Bradesco SA click here.

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.