Banco Bradesco SA

BBD has broken out above the July–August congestion pivot on strong volume, signaling fresh demand and a bullish medium-term backdrop. However, price is extended above the 9, 20, and 50 EMAs and overbought on RSI and Options Score, making immediate entry timing unfavorable. Waiting for a disciplined pullback into the rising EMAs (around the $3.42–$3.47 pivot zone) offers a lower-risk entry while the longer-term downtrend below the 200-day SMA remains intact.

• ↑Q2 ’26 recurring net income R$7.5B (+16.2% YoY)
• ↑ROE of 15.8% in Q1 ’26 exceeds cost of capital
• ↓Negative earnings yield points to potential overvaluation