Sberbank share price today: forecast and technical analysis


Trading results

In the previous trading session, Sberbank shares gained 1.09%, closing at 298.5 rubles. The paper looked better than the market. Trading volume amounted to 18.7 billion rubles.

Short-term picture

Sberbank shares on Tuesday reached the round mark at 300 for the first time. Technically, it was noted that the paper looks good two weeks before the dividend cutoff, and there is a chance to pass the sellers’ closest line of defense in the region of 296.1-296.5.

By refreshing record levels, the price pushed the RSI into the upper extreme zone on the 1-hour and 4-hour charts. Overbought provoked fixation from the round mark, which followed and at the moment returned the quotes to the nearest now support at 296.5. As you can see, it held back the onslaught of sellers, and the subsequent rebound suggests that buyers are retaining the initiative.

At the top, the reference points are shifting to 305 and further 308. On the older daily timeframe, there is no overbought and the price may continue to rise.

  • Resistance levels: 300/305/308
  • Support levels: 296.5-296.1 / 290.8 / 286.2

External background

The external background is neutral this morning. Asian indices show multidirectional dynamics. Futures on the S&P 500 in the morning rose in price by 0.1%. Brent crude is growing 0.3% today. Futures on Sberbank shares lost 0.1% against the close of the evening session. The opening is expected in the area of ​​the closing level of the previous session.

Long-term picture

Sberbank’s share price has historically been in an upward trend. In 2020, it was able to break up from broad consolidation and renew record levels. The mid-term trend is also growing now, but this trend is increasingly shifting to a wide sideways trend.

The bank occupies a leading position in the Russian economy, developing many digital services that are not directly related to banking. The consensus forecast is at 354.9 rubles. per share.

  • More forecasts and news on the Fortrader channel in Telegram

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