Banco Bradesco SA

BBD is in a Stage 2 advancing corrective reset with price trading below key short-term EMAs and holding above the rising 50-day SMA. Medium-term bias remains Bullish, supported by higher highs and a Bullish Pivot Point, but recent rejection at the 9- and 20-day EMAs and rollover in the Options Score suggest near-term weakness. Execution should be deferred until a more attractive pullback into the rising 50-day SMA or acceptance above the 9/20-day EMA zone. The longer-term uptrend remains intact, invalidated on a decisive close below the June corrective low.

• ↑Q1’25 recurring net income rose 39% to R$5.9 b; ROAE 14.4%.
• ↑Gen-AI deployment delivered a 94% improvement in operational efficiency.
• ↓Cost of risk climbed to 3.5% on higher agribusiness loan defaults.