Banco Santander Brasil SA Stock Analysis
Technical stock analysis for 23 January 2019
|Shorts||9.67% ( 2018-12-31 )|
Banco Santander Brasil SA gained 4.91% in the last trading day, rising from $12.63 to $13.25 The price has risen in 6 of the last 10 days and is up by 5.58% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 310 915 more shares were traded than the day before. In total, 994 331 shares bought and sold for approximately $13.17 million.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the BSBR stock was $13.25. This is 4.91% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 2.75% from a day low at $12.90 to a day high of $13.25.
30 day high of the BSBR stock price was $13.25 and low was $10.49.
90 day high was $13.25 and low was $10.34.
52 week high for the Banco Santander Brasil SA - $13.25 and low - $7.20.
Banco Santander Brasil SA lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $13.46 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 12.51% during the next 3 months and, with 90% probability hold a price between $12.63 and $15.14 at the end of this period.
Only positive signals in the chart today. Banco Santander Brasil SA holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $12.79 and $11.76. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 16, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 68 and the stock is currently not being overbought or oversold
Support & Resistance
Banco Santander Brasil SA finds support from accumulated volume at $12.75.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.36 between high and low, or 2.75%. For the last week, the stock has had a daily average volatility of 2.40%.
Our recommended stoploss: $12.63 (-4.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
Very Low Low Medium High Very High
Banco Santander Brasil SA holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|BSBR $13.25 $0.62(4.91%)|
BSBR is up $0.62 today, but where's it headed in 2019?
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