Our take on HDFC Bank Limited (HDB) Stock, Few Things Worth Reminding

Analysts Estimation on HDFC Bank Limited (HDB) Stock:

The current analyst consensus rating stood at 1.5 on shares (where according to data provided by FINVIZ, 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Analysts opinion is also an important factor to conclude a stock’s trend. Many individual analysts and firms give their ratings on a stock. While Looking ahead of 52-week period, the mean Target Price set by analysts is $76.

Performance of the HDB Stock:

HDFC Bank Limited revealed performance of 0.25% during the period of last 5 trading days and shown last 12 months performance of 18.05%. The stock moved to 9.50% in last six months and it maintained for the month at -4.90%. The stock noted year to date 2019 performance at -5.74% and changed about -2.99% over the last three months. The stock is now standing at -9.18% from 52 week-high and is situated at 22.06% above from 52-week low price.

Technical Indicators of HDFC Bank Limited Stock:

The share price of HDB is currently up 0.99% from its 20 days moving average and trading -2.69% down the 50 days moving average. The stock price has been seen performing along above drift from its 200 days moving average with 0.17%. Moving averages are an important analytical tool used to identify current price trends and the potential for a change in an established trend. The simplest form of using a simple moving average in analysis is using it to quickly identify if a security is in an uptrend or downtrend.

RSI momentum oscillator is the most common technical indicator of a stock to determine about the momentum of the shares price and whether the stock trading at normal range or its becoming oversold or overbought. It also helps to measure Speed and change of stock price movement. RSI reading varies between 0 and 100. Commonly when RSI goes below 30 then stock is oversold and stock is overbought when it goes above 70. So as currently the Relative Strength Index (RSI-14) reading of HDFC Bank Limited stock is 49.01.

Although it is important to look for trades in a direction of bigger trends when stocks are indicating an opposite short-term movement. Like looking for overbought conditions when bigger trend remained down and oversold conditions when bigger trend is up. In order to check a bigger trend for HDB a 14-day RSI can fell short and considered as a short-term indicator. So in that situation a Simple moving average of a stock can also be an important element to look in addition to RSI.

Looking into the Profitability indicators on HDFC Bank Limited stock we analyze the stock’s Profitability ratios.

HDFC Bank Limited Profitability Spotlight:

HDFC Bank Limited (HDB) Volatility Indicators:

Volatility of the HDFC Bank Limited remained at 1.30% over last week and shows 1.45% volatility in last month. In addition to number of shares traded in last few trading sessions volatility also tells about the fluctuation level of the stock price, commonly a high volatility is the friend of day traders. Volatility is also measured by ATR an exponential moving average (14-days) of the True Ranges. Currently, the ATR value of company’s stock is situated at 0.99.

HDFC Bank Limited (HDB) has a market capitalization of $49.90B. Knowing about the market capitalization of a company helps investor to determine the company size, market value and the risk. The stock declined -0.13% to value at $59.73 on Thursday trading session. HDB recorded volume of 1208969 shares in most recent trading session as compared to an average volume of 1.29M shares. It shows that the shares were traded in the recent trading session and traders shown interest in HDB stock. The stock P/E & is 115.42 and EPS is $0.52 against its recent stock value of $59.73 per share.

The price-to-earnings ratio or P/E is one of the most widely-used stock analysis tools to determine a stock’s valuation that also shows whether a company’s stock price is overvalued/overbought or undervalued/oversold. If P/E is lower, then stock can be considered undervalued and if it’s higher then the stock is overvalued. Price to earnings P/E of the stock is 115.42.

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