Banco de Sabadell, S.A. Stock Forecast

Banco de Sabadell, S.A. stock price fell more than -5.31% Friday closing at $1.96
(Updated on May 03, 2024)

BNDSF Signals & Forecast

The Banco de Sabadell, S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.93 and $1.64. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -5.54%. Further fall is indicated until a new bottom pivot has been found. Banco de Sabadell, S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, October 09, 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 de Sabadell, S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.62 and $1.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Banco de Sabadell, S.A. finds support just below today's level at $1.62. If this is broken, then the next support from accumulated volume will be at $1.60 and $1.52.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0014 between high and low, or 0.0714%. For the last week, the stock has had daily average volatility of 2.57%.

Our recommended stop-loss: $1.88 (-4.32%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (BNDSF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Banco de Sabadell, S.A. to open at $1.96, and during the day (based on 14 day Average True Range), to move between $1.89 and $2.03, which gives a possible trading interval of +/-$0.0696 (+/-3.55%) up or down from last closing price. If Banco de Sabadell, S.A. takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.99 (1.53%) than the support at $1.62 (17.45%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Banco de Sabadell, S.A. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Banco de Sabadell, S.A. stock to perform well in the short-term.

Current score: 1.774 Buy Candidate Unchanged

Predicted Opening Price for Banco de Sabadell, S.A. of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.