Banco Santander Chile Stock Forecast
Green day on Wednesday for Banco Santander Chile
(Updated on Jul 03, 2024)
The Banco Santander Chile stock price gained 1.46% on the last trading day (Wednesday, 3rd Jul 2024), rising from $18.59 to $18.86. During the last trading day the stock fluctuated 2.44% from a day low at $18.65 to a day high of $19.11. The price has risen in 6 of the last 10 days and is up by 0.65% 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, 62 thousand more shares were traded than the day before. In total, 225 thousand shares were bought and sold for approximately $4.24 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 $17.56 and $19.72 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
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.12%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $19.13. On a fall, the stock will find some support from the short-term average at $18.69. 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.
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 $0.455 between high and low, or 2.44%. For the last week the stock has had daily average volatility of 1.94%.
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 Friday 5th
For the upcoming trading day on Friday, 5th we expect Banco Santander Chile to open at $18.87, and during the day (based on 14 day Average True Range), to move between $18.49 and $19.23, which gives a possible trading interval of +/-$0.372 (+/-1.97%) up or down from last closing price. If Banco Santander Chile takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.88 (0.10%) than the support at $18.48 (2.02%), 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 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: -3.585 Sell Candidate Unchanged
Predicted Opening Price for Banco Santander Chile of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $18.87 ( 0.0583%) | $18.86 |
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 | 19.33 | 2.47% |
| R2 | 19.15 | 1.55% |
| R1 | 19.05 | 0.98% |
| Price | 18.86 | |
| S1 | 18.70 | -0.86% |
| S2 | 18.59 | -1.43% |
| S3 | 18.42 | -2.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.98 | 5.93% |
| R2 | 19.20 | 1.80% |
| R1 | 18.88 | 0.101% |
| Price | 18.86 | |
| S1 | 18.48 | -2.02% |
| S2 | 18.42 | -2.34% |
| S3 | 18.24 | -3.29% |
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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