Banco Santander Brasil SA Stock Forecast
Red day on Monday for Banco Santander Brasil SA
(Updated on Apr 15, 2024)
The Banco Santander Brasil SA stock price fell by -1.50% on the last day (Monday, 15th Apr 2024) from $5.33 to $5.25. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.73% from a day low at $5.21 to a day high of $5.30. The price has fallen in 5 of the last 10 days and is down by -5.58% for this period. Volume has increased on the last day by 203 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, 652 thousand shares were bought and sold for approximately $3.43 million.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($5.27) are considered to be a "second chance" to get out. According to the fan-theory $4.89 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
BSBR Signals & Forecast
There are few to no technical positive signals at the moment. The Banco Santander Brasil SA 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 $5.47 and $5.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -11.76%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Banco Santander Brasil SA stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0900 (1.73%) between high and low. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BSBR) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Banco Santander Brasil SA to open at $5.25, and during the day (based on 14 day Average True Range), to move between $5.13 and $5.37, which gives a possible trading interval of +/-$0.117 (+/-2.22%) up or down from last closing price. If Banco Santander Brasil SA takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $5.68, some $0.430 (8.19%) from the current price of $5.25, our system finds the risk reward not very attractive.
Is Banco Santander Brasil SA stock A Buy?
Banco Santander Brasil SA holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.491 Sell Candidate Unchanged
Predicted Opening Price for Banco Santander Brasil SA of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $5.25 ( 0.0635%) | $5.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSBR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.34 | 1.78 % | |
| R2 | 5.31 | 1.12 % | ||
| R1 | 5.29 | 0.718 % | ||
| Current price: | 5.25 | |||
| Support | S1 | 5.22 | -0.591 % | |
| S2 | 5.20 | -1.00 % | ||
| S3 | 5.16 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.88 | 12.00 % | |
| R2 | 5.72 | 8.95 % | ||
| R1 | 5.68 | 8.19 % | ||
| Current price | 5.25 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BSBR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 22, 2024 | Jan 22, 2024 | Feb 20, 2024 | $0.0621 | 1.04% |
| 2 | Oct 11, 2023 | Oct 20, 2023 | Nov 20, 2023 | $0.0202 | 0.320% |
| 3 | Jul 14, 2023 | Jul 21, 2023 | Aug 23, 2023 | $0.0840 | 1.52% |
| 4 | Apr 14, 2023 | Apr 25, 2023 | Aug 23, 2023 | $0.0820 | 1.49% |
| 5 | Jan 20, 2023 | Jan 27, 2023 | Mar 13, 2023 | $0.0880 | 1.77% |
FAQ
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