Technical Analysis: BSAC has shown a clear downward trend over the past week, with the stock price declining from $19.43 to $18.21, representing a 6.28% decrease. The trading volume has been relatively low, suggesting weak buying pressure.
Price Forecast for Next Week: Based on technical indicators and recent price action:
News Impact Analysis: Recent significant developments:
Price Target for Next Week: Expected trading range: $18.00 - $18.75 Most probable price target: $18.45
Recommendation: HOLD Current price levels present elevated risk for new positions. The stock is showing technical weakness despite solid fundamentals. Wait for price stabilization before establishing new positions.
The price of BSAC is predicted to go up 0.49%, based on the high correlation periods with ADIL. The similarity of these two price pattern on the periods is 99.05%.
BSAC
ADIL
Banco Santander Chile has one of the largest deposit bases in Chile, and the bank's recent success with its new digital accounts will only add to this strength.
Interest rates in Chile have begun to decline, reducing pressure on Banco Santander Chile's high funding costs.
The increasing importance of service industries to GDP could reduce the Chilean economy's excessive exposure to the volatile mining industry.