Banco Santander Chile Stock Forecast
Red day on Friday for Banco Santander Chile stock after losing 0.387%
(Updated on Apr 19, 2024)
The Banco Santander Chile stock price fell by -0.387% on the last day (Friday, 19th Apr 2024) from $18.11 to $18.04. During the last trading day the stock fluctuated 1.72% from a day low at $17.99 to a day high of $18.30. The price has fallen in 6 of the last 10 days and is down by -10.29% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -37 thousand shares and in total, 205 thousand shares were bought and sold for approximately $3.69 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.91 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.96% during the next 3 months and, with a 90% probability hold a price between $18.80 and $22.01 at the end of this 3-month period.
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BSAC Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.89%. 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 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 $18.57 and $19.55. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Banco Santander Chile stock
Banco Santander Chile finds support from accumulated volume at $18.02 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 $0.310 between high and low, or 1.72%. For the last week, the stock has had daily average volatility of 2.17%.
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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Banco Santander Chile to open at $18.11, and during the day (based on 14 day Average True Range), to move between $17.60 and $18.48, which gives a possible trading interval of +/-$0.436 (+/-2.42%) up or down from last closing price. If Banco Santander Chile takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.02 (0.11%) than the resistance at $18.80 (4.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Banco Santander Chile will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.320. We will update the financials statements for Banco Santander Chile, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.63% in the first trading day after earnings release.
Is Banco Santander Chile stock A Buy?
The Banco Santander Chile stock holds several negative signals and despite the positive trend, we believe Banco Santander Chile will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.399 Sell Candidate Unchanged
Predicted Opening Price for Banco Santander Chile of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $18.11 ( 0.388%) | $18.04 |
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 | 18.42 | 2.11 % | |
| R2 | 18.30 | 1.45 % | ||
| R1 | 18.23 | 1.04 % | ||
| Current price: | 18.04 | |||
| Support | S1 | 17.99 | -0.268 % | |
| S2 | 17.92 | -0.674 % | ||
| S3 | 17.80 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.55 | 13.91 % | |
| R2 | 19.06 | 5.65 % | ||
| R1 | 18.80 | 4.21 % | ||
| Current price | 18.04 | |||
| Support | S1 | 18.02 | -0.111% | |
| S2 | 17.88 | -0.89% | ||
| S3 | 0 | . |
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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