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: 0,85
Pivot: 0,92
Supports: 0,71 / 0,67 / 0,63
Resistances: 0,92 / 0,99 / 1,03
08/02/2019 16:09

Banco De Sabadell ST: the downside prevails as long as 0.92 is resistance


Our preference: the downside prevails as long as 0.92 is resistance.

Our pivot point stands at 0.92.

Our preference: the downside prevails as long as 0.92 is resistance.

Alternative scenario: above 0.92, look for 0.99 and 1.03.

Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 0.99 and 1.02). Banco De Sabadell is currently trading near its 52 week low at 0.83 reached on 08/02/19.

Supports and resistances:
1.03 **
0.99 *
0.92 **
0.89
0.853 (EUR-last)
0.75
0.71 **
0.67 *
0.63 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-08-2019 at 16:09 UTC+1
Price reference: 0.85 last known on 02-08-2019 at 16:09 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