Análisis Chartista

Market Data

Name: Banco De Sabadell
Country: Spain
ISIN: ES0113860A34
RIC: SABE.MC
Short term opinion: Limited decline
Short term Evol.:
Mid term opinion: Consolidation
Mid term Evol.:
Last: 0,96
Pivot: 1,03
Supports: 0,88 / 0,85 / 0,83
Resistances: 1,03 / 1,08 / 1,11
27/12/2018 15:48

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:
1.11 **
1.08 *
1.03 **
1.01
0.9618 (EUR-last)
0.91
0.88 **
0.85 *
0.83 **

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
 Name  Short term opinion Short term Evol. Mid term opinion Mid term Evol.
Banco De SabadellLimited declineConsolidation
Banco De SabadellLimited declineConsolidation
Banco De SabadellLimited declineConsolidation
Banco De SabadellLimited riseConsolidation
Banco De SabadellLimited riseConsolidation
Banco De SabadellLimited riseConsolidation
Banco De SabadellLimited riseConsolidation
Banco De SabadellLimited riseConsolidation
Banco De SabadellLimited declineConsolidation
Banco De SabadellLimited declineConsolidation