Banco Santander Chile Stock Forecast
Green day on Wednesday for Banco Santander Chile stock after gaining 0.509%
(Updated on Mar 27, 2024)
The Banco Santander Chile stock price gained 0.509% on the last trading day (Wednesday, 27th Mar 2024), rising from $19.66 to $19.76. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.02% from a day low at $19.58 to a day high of $19.78. The price has fallen in 6 of the last 10 days and is down by -3.84% for this period. Volume fell on the last day by -247 thousand shares and in total, 102 thousand shares were bought and sold for approximately $2.01 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 wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.29% during the next 3 months and, with a 90% probability hold a price between $19.51 and $21.82 at the end of this 3-month period.
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BSAC Signals & Forecast
Mostly positive signals in the chart today. The Banco Santander Chile 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 $19.57 and $19.38. 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 1.86%. 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.
Support, Risk & Stop-loss for Banco Santander Chile stock
Banco Santander Chile finds support from accumulated volume at $19.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.200 (1.02%) between high and low. For the last week, the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: $18.85 (-4.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (BSAC) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Banco Santander Chile to open at $19.71, and during the day (based on 14 day Average True Range), to move between $19.35 and $20.17, which gives a possible trading interval of +/-$0.409 (+/-2.07%) up or down from last closing price. If Banco Santander Chile takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.75 (0.05%) than the resistance at $20.20 (2.23%), 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 Chile 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 Santander Chile stock to perform well in the short-term.
Current score: 2.565 Buy Candidate Unchanged
Predicted Opening Price for Banco Santander Chile of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$19.71 ( 0.270%) | $19.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSAC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.91 | 0.742 % | |
R2 | 19.83 | 0.356 % | ||
R1 | 19.78 | 0.117 % | ||
Current price: | 19.76 | |||
Support | S1 | 19.63 | -0.657 % | |
S2 | 19.58 | -0.90 % | ||
S3 | 19.51 | -1.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.55 | 4.00 % | |
R2 | 20.26 | 2.53 % | ||
R1 | 20.20 | 2.23 % | ||
Current price | 19.76 | |||
Support | S1 | 19.75 | -0.0506% | |
S2 | 19.06 | -3.54% | ||
S3 | 18.34 | -7.19% |
BSAC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 05, 2023 | Apr 19, 2023 | May 03, 2023 | $1.25 | 6.58% |
2 | Apr 07, 2022 | Apr 21, 2022 | May 05, 2022 | $1.22 | 6.20% |
3 | Apr 14, 2021 | Apr 22, 2021 | May 07, 2021 | $0.93 | 3.92% |
4 | Nov 11, 2020 | Nov 19, 2020 | Dec 04, 2020 | $0.465 | 2.43% |
5 | Apr 20, 2020 | Apr 24, 2020 | May 11, 2020 | $0.415 | 2.61% |
FAQ
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