Banco Santander Brasil SA Forecast and Stock Analysis
Technical BSBR stock analysis for Wednesday June 19, 2019.
Banco Santander Brasil SA gained 1.14% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $11.45 to $11.58 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 2.16% from a day low at $11.36 to a day high of $11.60. The price has been going up and down for this period, and there has been a 1.94% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.30 million more shares were traded than the day before. In total, 1.64 million shares bought and sold for approximately $18.97 million.
- 30 day high of the BSBR stock price was $11.74 and low was $10.06.
- 90 day high was $11.96 and low was $10.05.
- 52 week high for the Banco Santander Brasil SA - $13.73 and low - $7.20.
Banco Santander Brasil SA lies the upper part of a wide and falling 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 $11.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.77% during the next 3 months and, with 90% probability hold a price between $9.72 and $11.32 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 $11.34 and $11.13. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday June 17, 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 52 and the stock is currently not being overbought or oversold
Support & Resistance
Banco Santander Brasil SA finds support from accumulated volume at $11.54.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.24 (2.16%) between high and low. For the last week, the stock has had a daily average volatility of 2.52%.
Our recommended stoploss: $11.05 (-4.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
2.52 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
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|BSBR $11.58 ($0.13 1.14%)|
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