What is the Market's View on Banco Bradesco SA (BBD) Stock's Price and Volume Trends Thursday?

The market has been down on Banco Bradesco SA (BBD) stock recently. BBD gets a Bearish score 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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 $3.13 as of 9:54 AM on Thursday, Feb 1, a gain of $0.03, or 0.81% from the previous closing price of $3.10. The stock has traded between $3.11 and $3.13 so far today. Volume today is below average. So far 247,107 shares have traded compared to average volume of 15,180,720 shares. To screen for more stocks like 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.