BANCO SANTANDER BRASIL-ADS (BSBR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BSBR - US05967A1079 - ADR
Overall BSBR gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although BSBR has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.28
We found 4 important support areas.
- A support zone ranging from 5.83 to 5.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.72 from a horizontal line in the daily time frame.
- Support @5.55 from a trend line in the weekly time frame.
- A support zone ranging from 5.33 to 5.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @6.56 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BSBR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BSBR is neutral. |
| ChartMill Relative Strength | 91.22 | POSITIVE | BSBR has a high relative strength, it outperformed 91.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BSBR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BSBR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BSBR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.35 | NEUTRAL | The RSI value for BSBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BSBR has a positive trend. |
| Stochastics (14,3) | 68.6 | NEUTRAL | The Stochastics value for BSBR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for BSBR suggests some volalility. |
| Average Directional Index/ADX (14) | 19.44 | NEGATIVE | The low ADX value for BSBR suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.21 | 5.82 | 0.39 (6.28%) | 15.92% |
| An entry @6.21. This is a Buy Stop order right above the 10 day high. | An exit @5.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.39 points, which is 6.28%. | For a 1.00% total portfolio risk, you can invest 15.92% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.04
-0.12 (-1.95%)
BANCO SANTANDER BRASIL-ADS / BSBR FAQ
What is the ChartMill technical rating of BANCO SANTANDER BRASIL-ADS (BSBR) stock?
ChartMill assigns a technical rating of 8 / 10 to BSBR.
What is the trend direction for BSBR stock?
The current trend direction for BANCO SANTANDER BRASIL-ADS (BSBR) is Bullish.
What is the RSI signal for BSBR stock?
BANCO SANTANDER BRASIL-ADS (BSBR) has an RSI value of 50.3534. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BANCO SANTANDER BRASIL-ADS?
BANCO SANTANDER BRASIL-ADS (BSBR) has a support level at 5.98 and a resistance level at 6.56. Check the full technical report for our detailed analysis of BSBR support and resistance levels.