El Oráculo · BBD: up 3% despite Lula shock on 5x vol
Machine translation of the Spanish original. Read the original
Bradesco reported solid results on 23/oct (loan portfolio exceeded BRL 1.1 trillion, BRL 10B capital increase, 45M digital clients) and is up 3.4% today on volume 5.3x the 30-day average, despite the broad selloff in Brazilian ADRs following Lula's victory. The divergence is the signal: the market is punishing the political backdrop, but BBD has already absorbed the positive fundamental catalyst. The Donchian breakout triggered today has a 61% hit rate vs 47.8% base rate, confirmed out-of-sample, with a 2-day horizon.
El Oráculo
Monday, October 26, 2026
| BBD | CEDEAR |
■POST-EARNINGS DONCHIAN BREAKOUT WITH EXCEPTIONAL VOLUME
Target +2.5% · 2 sessions
|
Conf. 6/10 |
Prob. 58% |
Target +2.5% |
Stop -3.0% |
BBD: up 3% despite Lula shock on 5x vol
The key data
BBD vol_ratio 5.27x with Q3 already reported and technical breakout confirmed
The thesis
Context
This is not an investment recommendation. The information published is general and does not take individual circumstances into account. Trading in financial markets involves risk of loss. Consult a registered financial advisor before making decisions (Law 26,831).
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