BANCO DE SABADELL SA (SAB.MC) Stock Technical Analysis
BME:SAB - Bolsa De Madrid - ES0113860A34 - Common Stock - Currency: EUR
Taking everything into account, SAB scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SAB has proven to be a steady performer, scoring decent points in every aspect analyzed.
SAB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 2.80. Right above this resistance zone may be a good entry point.
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1.72
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.77 to 2.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.59 from a trend line in the weekly time frame.
- Support @2.40 from a trend line in the daily time frame.
- Support @2.30 from a trend line in the weekly time frame.
- Support @1.74 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.81 to 2.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 SAB.MC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAB.MC is up. |
| ChartMill Relative Strength | 90.7 | POSITIVE | SAB.MC has a high relative strength, it outperformed 90.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SAB.MC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAB.MC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SAB.MC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.76 | NEUTRAL | The RSI value for SAB.MC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SAB.MC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.7 | NEUTRAL | The Stochastics value for SAB.MC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for SAB.MC suggests some volalility. |
| Average Directional Index/ADX (14) | 7.2 | NEGATIVE | The low ADX value for SAB.MC 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 |
|---|---|---|---|
| 2.86 | 2.76 | 0.10 (3.50%) | 25.00% |
| An entry @2.86. This is a Buy Stop order right above the resistance zone. | An exit @2.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.10 points, which is 3.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- 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.
BME:SAB (6/18/2025, 5:29:52 PM)
2.804
+0.03 (+0.94%)