Banco Santander (Brasil) S.A. Stock Forecast
Green day on Monday for Banco Santander (Brasil) S.A. stock after gaining 1.10%
(Updated on May 20, 2024)
The Banco Santander (Brasil) S.A. stock price gained 1.10% on the last trading day (Monday, 20th May 2024), rising from R$14.56 to R$14.72. During the last trading day the stock fluctuated 2.13% from a day low at R$14.52 to a day high of R$14.83. The price has fallen in 6 of the last 10 days and is down by -5.52% for this period. Volume fell on the last day by -87 thousand shares and in total, 68 thousand shares were bought and sold for approximately R$995.07 thousand. 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 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 (Brasil) S.A. stock with a 90% probability to be traded between R$13.80 and R$15.40 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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SANB4.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 1.10%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Banco Santander (Brasil) S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at R$14.88 and R$14.83. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Banco Santander (Brasil) S.A. stock
Banco Santander (Brasil) S.A. finds support from accumulated volume at R$14.56 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved R$0.310 between high and low, or 2.13%. For the last week the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SANB4.SA) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Banco Santander (Brasil) S.A. to open at R$14.69, and during the day (based on 14 day Average True Range), to move between R$14.38 and R$15.06, which gives a possible trading interval of +/-R$0.344 (+/-2.34%) up or down from last closing price. If Banco Santander (Brasil) S.A. takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at R$14.80 (0.54%) than the support at R$14.56 (1.09%), 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 (Brasil) S.A. stock A Buy?
Banco Santander (Brasil) S.A. holds several negative signals and is within a wide and 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: -2.867 Sell Candidate Unchanged
Predicted Opening Price for Banco Santander (Brasil) S.A. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| R$14.69 ( 0.204%) | R$14.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SANB4.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.00 | 1.90 % | |
| R2 | 14.88 | 1.10 % | ||
| R1 | 14.81 | 0.601 % | ||
| Current price: | 14.72 | |||
| Support | S1 | 14.57 | -1.01 % | |
| S2 | 14.50 | -1.51 % | ||
| S3 | 14.38 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.20 | 3.26 % | |
| R2 | 15.03 | 2.11 % | ||
| R1 | 14.80 | 0.543 % | ||
| Current price | 14.72 | |||
| Support | S1 | 14.56 | -1.09% | |
| S2 | 14.41 | -2.11% | ||
| S3 | 14.17 | -3.74% |
SANB4 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 22, 2024 | R$0 | 0% |
| 2 | Jan 22, 2024 | Jan 22, 2024 | Feb 08, 2024 | R$0.179 | 1.21% |
| 3 | Oct 20, 2023 | Oct 20, 2023 | Oct 20, 2023 | R$0.211 | 1.56% |
| 4 | Jul 21, 2023 | Jul 21, 2023 | Jul 21, 2023 | R$0.211 | 1.39% |
| 5 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | R$0.211 | 1.55% |
FAQ
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