Banco Santander Chile Stock Forecast
Banco Santander Chile stock price down 0.274% on Friday
(Updated on Apr 26, 2024)
The Banco Santander Chile stock price fell by -0.274% on the last day (Friday, 26th Apr 2024) from $18.24 to $18.19. During the last trading day the stock fluctuated 2.09% from a day low at $18.18 to a day high of $18.56. The price has fallen in 6 of the last 10 days and is down by -3.91% for this period. Volume has increased on the last day by 44 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 281 thousand shares were bought and sold for approximately $5.11 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $17.90 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Banco Santander Chile stock with a 90% probability to be traded between $18.09 and $20.87 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.40. On a fall, the stock will find some support from the short-term average at $18.17. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.73%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Banco Santander Chile stock
Banco Santander Chile finds support from accumulated volume at $18.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.380 between high and low, or 2.09%. For the last week, the stock has had daily average volatility of 2.03%.
Banco Santander Chile is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $17.24 (-5.21%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BSAC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Banco Santander Chile to open at $18.31, and during the day (based on 14 day Average True Range), to move between $17.77 and $18.61, which gives a possible trading interval of +/-$0.416 (+/-2.29%) up or down from last closing price. If Banco Santander Chile takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.12 (0.38%) than the resistance at $18.80 (3.35%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.087 Hold/Accumulate Unchanged
Predicted Opening Price for Banco Santander Chile of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$18.31 ( 0.660%) | $18.19 |
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 | 18.69 | 2.75 % | |
R2 | 18.54 | 1.95 % | ||
R1 | 18.46 | 1.46 % | ||
Current price: | 18.19 | |||
Support | S1 | 18.16 | -0.138 % | |
S2 | 18.08 | -0.631 % | ||
S3 | 17.93 | -1.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.55 | 12.97 % | |
R2 | 19.06 | 4.78 % | ||
R1 | 18.80 | 3.35 % | ||
Current price | 18.19 | |||
Support | S1 | 18.12 | -0.385% | |
S2 | 18.02 | -0.93% | ||
S3 | 17.88 | -1.70% |
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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