HDFC Bank Limited ($HDB) Is Moving – Here’s Why (2019-10-18)

REPORTING FOR 2019-10-18 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how HDB has been trading over the last 2 weeks and the past day especially. On its latest session, HDFC Bank Limited ($HDB) opened at 57.53, reaching a high of 58.23 and a low of 57.62 before closing at a price of 57.84. There was a total volume of 573128.

VOLUME INDICATORS FOR HDFC BANK LIMITED ($HDB): We saw an accumulation-distribution index of 169.45686, an on-balance volume of -57.33, chaikin money flow of 0.74286 and a force index of 1.4904. There was an ease of movement rating of 0.00709, a volume-price trend of -20.86808 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR HDFC BANK LIMITED ($HDB): We noted an average true range of 1.76309, bolinger bands of 58.60735, an upper bollinger band of 55.55265, lower bollinger band of 57.62, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 57.79333, high band keltner channel of 57.09333, low band keltner channel of 58.49333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 57.62, a donchian channel low band of 57.62, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR HDFC BANK LIMITED ($HDB): We calculated a Moving Average Convergence Divergence (MACD) of -0.02423, a MACD signal of -0.01346, a MACD difference of -0.01077, a fast Exponential Moving Average (EMA) indicator of 57.62, a slow Exponential Moving Average (EMA) indicator of 57.62, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.07409, a trix of -26.41268, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of 35.05641, a KST Oscillator (KST) of -378.26681 and a KST Oscillator (KST Signal) of -378.26681 (leaving a KST difference of -2.91336). We also found an Ichimoku rating of 57.88, an Ichimoku B rating of 57.88, a Ichimoku visual trend A of 88.19404, an Ichimoku visual trend B of 76.4685, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR HDFC BANK LIMITED ($HDB): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 19.64198, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -1.77087, a stochastic oscillator of 87.14286, a stochastic oscillator signal of 87.14286, a Williams %R rating of -12.85714 and an awesome oscillator of -0.21417.

RETURNS FOR HDFC BANK LIMITED ($HDB): There was a daily return of -37.82668, a daily log return of -1.89214 and a cumulative return of -1.87435.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-18 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for HDFC Bank Limited ($HDB)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling HDFC Bank Limited ($HDB) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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