Banco Santander Chile Stock Forecast
Green day on Tuesday for Banco Santander Chile
(Updated on Jul 02, 2024)
The Banco Santander Chile stock price gained 0.324% on the last trading day (Tuesday, 2nd Jul 2024), rising from $18.53 to $18.59. During the last trading day the stock fluctuated 1.80% from a day low at $18.31 to a day high of $18.64. The price has risen in 6 of the last 10 days and is up by 0.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 163 thousand shares were bought and sold for approximately $3.02 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Banco Santander Chile stock with a 90% probability to be traded between $17.34 and $19.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BSAC Signals & Forecast
There are mixed signals in the stock today. The Banco Santander Chile stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.67 and $19.14. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.650%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Banco Santander Chile stock
Banco Santander Chile finds support from accumulated volume at $18.48 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 $0.330 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BSAC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Banco Santander Chile to open at $18.51, and during the day (based on 14 day Average True Range), to move between $18.23 and $18.95, which gives a possible trading interval of +/-$0.361 (+/-1.94%) up or down from last closing price. If Banco Santander Chile takes out the full calculated possible swing range there will be an estimated 3.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.48 (0.59%) than the resistance at $18.88 (1.56%), 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?
Banco Santander Chile holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.071 Sell Candidate Unchanged
Predicted Opening Price for Banco Santander Chile of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $18.51 ( 0.412%) | $18.59 |
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 | |
|---|---|---|
| R3 | 18.84 | 1.36% |
| R2 | 18.72 | 0.685% |
| R1 | 18.64 | 0.266% |
| Price | 18.59 | |
| S1 | 18.39 | -1.09% |
| S2 | 18.31 | -1.51% |
| S3 | 18.18 | -2.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.98 | 7.48% |
| R2 | 19.20 | 3.28% |
| R1 | 18.88 | 1.56% |
| Price | 18.59 | |
| S1 | 18.48 | -0.592% |
| S2 | 18.42 | -0.91% |
| S3 | 18.24 | -1.88% |
BSAC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 18, 2024 | $0.756 | 4.17% |
| 2 | Apr 02, 2024 | Apr 17, 2024 | Apr 17, 2024 | $0.560 | 3.13% |
| 3 | Apr 05, 2023 | Apr 19, 2023 | May 03, 2023 | $1.25 | 6.58% |
| 4 | Apr 07, 2022 | Apr 21, 2022 | May 05, 2022 | $1.22 | 6.20% |
| 5 | Apr 14, 2021 | Apr 22, 2021 | May 07, 2021 | $0.93 | 3.92% |
FAQ
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