Banco Santander Brasil SA Stock Forecast
Stronger technical forecast for Banco Santander Brasil SA stock price after Thursday trading.
(Updated on Mar 28, 2024)
The Banco Santander Brasil SA stock price gained 0.704% on the last trading day (Thursday, 28th Mar 2024), rising from $5.68 to $5.72. During the last trading day the stock fluctuated 1.95% from a day low at $5.65 to a day high of $5.76. The price has fallen in 5 of the last 10 days. Volume fell on the last day by -389 thousand shares and in total, 676 thousand shares were bought and sold for approximately $3.87 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.31% during the next 3 months and, with a 90% probability hold a price between $4.86 and $5.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BSBR Signals & Forecast
Mostly positive signals in the chart today. The Banco Santander Brasil SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $5.65 and $5.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 2.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Wednesday, May 03, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, May 03, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Banco Santander Brasil SA stock
Banco Santander Brasil SA finds support from accumulated volume at $5.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.110 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 1.25%.
Our recommended stop-loss: $5.45 (-4.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (BSBR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Banco Santander Brasil SA to open at $5.71, and during the day (based on 14 day Average True Range), to move between $5.63 and $5.81, which gives a possible trading interval of +/-$0.0939 (+/-1.64%) up or down from last closing price. If Banco Santander Brasil SA takes out the full calculated possible swing range there will be an estimated 3.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.70 (0.35%) than the resistance at $5.88 (2.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Banco Santander Brasil SA stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.509 Buy Candidate Upgraded
Predicted Opening Price for Banco Santander Brasil SA of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$5.71 ( 0.175%) | $5.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSBR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.82 | 1.75 % | |
R2 | 5.78 | 1.01 % | ||
R1 | 5.75 | 0.560 % | ||
Current price: | 5.72 | |||
Support | S1 | 5.67 | -0.91 % | |
S2 | 5.64 | -1.36 % | ||
S3 | 5.60 | -2.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.01 | 5.07 % | |
R2 | 5.96 | 4.20 % | ||
R1 | 5.88 | 2.80 % | ||
Current price | 5.72 | |||
Support | S1 | 5.70 | -0.350% | |
S2 | 5.68 | -0.699% | ||
S3 | 5.59 | -2.27% |
BSBR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 22, 2024 | Jan 22, 2024 | Feb 20, 2024 | $0.0621 | 1.04% |
2 | Oct 11, 2023 | Oct 20, 2023 | Nov 20, 2023 | $0.0202 | 0.320% |
3 | Jul 14, 2023 | Jul 21, 2023 | Aug 23, 2023 | $0.0840 | 1.52% |
4 | Apr 14, 2023 | Apr 25, 2023 | Aug 23, 2023 | $0.0820 | 1.49% |
5 | Jan 20, 2023 | Jan 27, 2023 | Mar 13, 2023 | $0.0880 | 1.77% |
FAQ
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