BANCO SANTANDER BRASIL SA ADS

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	BSBR
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BANCO SANTANDER BRASIL SA ADS - 1H - Technical analysis published on 01/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 6.13 USD

My targets

5.99 USD (-1.32%)

5.81 USD (-4.28%)

My analysis

BANCO SANTANDER BRASIL SA ADS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.13 USD. The next support located at 5.99 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.81 USD. Below this support, sellers could then target 5.25 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

5.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

BANCO SANTANDER BRASIL SA ADS rating 6.07 USD. The price registered an increase of +1.17% on the session and was between 6.00 USD and 6.08 USD. This implies that the price is at +1.17% from its lowest and at -0.16% from its highest.

6.00

6.08

6.07

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BANCO SANTANDER BRASIL SA ADS indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5.25	5.81	5.99	6.07	6.13	6.27	6.33
Change (%)	-13.51%	-4.28%	-1.32%	-	+0.99%	+3.29%	+4.28%
Change	-0.82	-0.26	-0.08	-	+0.06	+0.20	+0.26
Level	Intermediate	Major	Intermediate	-	Major	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.85	5.92	5.96	6.03	6.07	6.14	6.18
Camarilla	5.97	5.98	5.99	6.00	6.01	6.02	6.03
Woodie	5.84	5.91	5.95	6.02	6.06	6.13	6.17
Fibonacci	5.92	5.96	5.99	6.03	6.07	6.10	6.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.65	5.90	6.06	6.31	6.47	6.72	6.88
Camarilla	6.10	6.14	6.17	6.21	6.25	6.29	6.32
Woodie	5.60	5.88	6.01	6.29	6.42	6.70	6.83
Fibonacci	5.90	6.06	6.16	6.31	6.47	6.57	6.72

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.65	5.88	6.21	6.44	6.77	7.00	7.33
Camarilla	6.40	6.45	6.50	6.55	6.60	6.65	6.70
Woodie	5.71	5.91	6.27	6.47	6.83	7.03	7.39
Fibonacci	5.88	6.09	6.22	6.44	6.65	6.78	7.00

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	41.96
MACD (12,26,9):	-0.0600
Directional Movement:	-9.37
AROON (14):	-21.43
DEMA (21):	6.01
Parabolic SAR (0,02-0,02-0,2):	6.20
Elder Ray (13):	-0.01
Super Trend (3,10):	6.14
Zig ZAG (10):	6.07
VORTEX (21):	0.8300
Stochastique (14,3,5):	25.72
TEMA (21):	6.01
Williams %R (14):	-65.22
Chande Momentum Oscillator (20):	0.06
Repulse (5,40,3):	0.6000
ROCnROLL:	-1
TRIX (15,9):	-0.1600
Courbe Coppock:	5.00

MA7:	6.23
MA20:	6.41
MA50:	6.27
MA100:	5.80
MAexp7:	6.05
MAexp20:	6.09
MAexp50:	6.21
MAexp100:	6.30
Price / MA7:	-2.57%
Price / MA20:	-5.30%
Price / MA50:	-3.19%
Price / MA100:	+4.66%
Price / MAexp7:	+0.33%
Price / MAexp20:	-0.33%
Price / MAexp50:	-2.25%
Price / MAexp100:	-3.65%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on BANCO SANTANDER BRASIL SA ADS. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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