Braskem S.A. ADR (NYSE:BAK) shares, rose in value, with the stock price up by 2.52% to the previous day’s close as strong demand from buyers drove the stock to $8.94.
Actively observing the price movement in the last trading, the stock closed the session at $8.72. Referring to stock’s 52-week performance, its high was $12.67, and the low was $6.30. On the whole, BAK has fluctuated by -17.98% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BAK’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BAK currently trading nearly -5.40% and -0.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.47, while the 7-day volatility ratio is showing 3.13% which for the 30-day chart, stands at 2.96%. Furthermore, Braskem S.A. ADR (BAK)’s beta value is 1.98, and its average true range (ATR) is 0.33.
A comparison of Braskem S.A. ADR (BAK) with its peers suggests the former has fared considerably weaker in the market. BAK showed an intraday change of 2.52% in last session, and over the past year, it grew by 19.52%%.
Data on historical trading for Braskem S.A. ADR (NYSE:BAK) indicates that the trading volumes over the past 3 months, they’ve averaged 980.80K. According to company’s latest data on outstanding shares, there are 172.53 million shares outstanding.
Braskem S.A. ADR’s shares belong to company insiders and institutional investors own 3.11% of the company’s shares. The stock has risen by 1.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BAK stock heading into the next quarter.
