Name: Banco De Sabadell
Short term opinion: Limited decline
Short term Evol.:
Mid term opinion: Consolidation
Mid term Evol.:
Supports: 0,88 / 0,85 / 0,83
Resistances: 1,03 / 1,08 / 1,11
Banco De Sabadell ST: the RSI is oversold
Alternative scenario: above 1.03, look for 1.08 and 1.11.
Our pivot point stands at 1.03.
Our preference: the downside prevails as long as 1.03 is resistance.
Alternative scenario: the upside breakout of 1.03 would call for 1.08 and 1.11.
Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 1.06 and 1.11). Banco De Sabadell is currently trading near its 52 week low at 0.96 reached on 24/12/18.
Supports and resistances:
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-27-2018 at 15:48 UTC+1
Price reference: 0.96 last known on 12-27-2018 at 15:48 UTC+1
Investment horizon: ST
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Legend: * = Intermediate level ** = Strong level *** = Very strong level
|Date/Time||Name||Last||Short term opinion||Short term Evol.||Mid term opinion||Mid term Evol.|
|15/02/2019||Banco De Sabadell||0,91||Limited decline||Consolidation|
|08/02/2019||Banco De Sabadell||0,85||Limited decline||Consolidation|
|01/02/2019||Banco De Sabadell||0,91||Limited decline||Consolidation|
|31/01/2019||Banco De Sabadell||1,04||Limited rise||Consolidation|
|24/01/2019||Banco De Sabadell||1,06||Limited rise||Consolidation|
|17/01/2019||Banco De Sabadell||1,06||Limited rise||Consolidation|
|10/01/2019||Banco De Sabadell||1,04||Limited rise||Consolidation|
|03/01/2019||Banco De Sabadell||1,00||Limited rise||Consolidation|
|27/12/2018||Banco De Sabadell||0,96||Limited decline||Consolidation|
|20/12/2018||Banco De Sabadell||1,01||Limited decline||Consolidation|