BSBR Price Prediction Next Week
Technical Analysis: Based on recent price action and technical indicators, BSBR shows mixed signals:
- RSI (14) at 55.86 indicates neutral momentum
- MACD shows slight bullish divergence with MACD (0.12) above signal line (0.13)
- Price is trading above key SMAs (5,10,20,60) but below SMA 200 and 250
- Currently trading within Bollinger Bands with BBP at 0.56, suggesting moderate upward potential
Price Levels: Fibonacci levels indicate key support and resistance:
- Resistance: R1 at 4.78, R2 at 4.86, R3 at 4.98
- Support: S1 at 4.53, S2 at 4.45, S3 at 4.32
- Pivot point: 4.65
News Impact:
- Goldman Sachs recently upgraded BSBR to Neutral with a $4.70 price target
- Parent company Santander reported strong Q4 results with 11% profit growth and positive 2025 outlook
- Bank's conservative loan growth strategy and strong margin expansion support short-term stability
Price Prediction for Next Week: Based on technical indicators and recent positive news sentiment:
- Target Price: 4.75-4.80
- Recommendation: BUY with entry at current level (4.62)
- Stop Loss: 4.45 (S2 level)
The stock shows potential for upward movement given:
- Recent analyst upgrade
- Strong parent company performance
- Technical support from multiple moving averages
- Positive momentum indicators
BSBR Similar Chart Price Prediction
The price of BSBR is predicted to go up 4.82%, based on the high correlation periods with SXT. The similarity of these two price pattern on the periods is 97.54%.
BSBR
SXT
Up: 4.82%Similarity: 97.54%
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BSBR Analyst's Forecast
Domingos Falavina
JP Morgan
Hold → Buy
2024-11-25
Price Target
$7 → $6
Upside
+31%
JPMorgan upgraded Santander Brasil to Overweight from Neutral with a price target of $6, down from $7. The stock is down 19% year-to-date, which creates a good risk/reward, the analyst tells investors in a research note. The firm says Santander Brasil's appears committed to moving return on equity to 20% and executed well its higher-income strategy lately.
