Today you can wait for the release of Sberbank shares to 309.5 rubles – ForTrader.org financial magazine


Trading results

In the previous trading session, Sberbank shares gained 2.03%, closing at 306.8 rubles. The paper looked better than the market. Trading volume amounted to 11.4 billion rubles.

Short-term picture

Sberbank shares last Tuesday saw the expected re-assault on the short-term downtrend, which is more successful than the day before.

The positive external background provoked a small gap at the opening with a further rise. In the afternoon, the barrier at 304.7 was broken. It was noted that in this case the road will open for movement to 309.5, that is, post-dividend highs.

The picture on the daily chart remained positive after the overbought was removed and the price turned upwards from the support of the medium-term uptrend.

Thus, today we can expect an exit to 309.5. A breakdown of this mark will allow the game to continue to close the dividend gap with the nearest reference point at 314.3-314.6. At the same time, local overbought on the hourly chart suggests that it will be difficult to overcome this line outright, and perhaps a rollback from it will follow first.

  • Resistance levels: 307.4 / 309.5 / 311.5 / 314.3
  • Support levels: 304 / 299.6 / 296/293

External background

The external background is forming moderately positive this morning. Asian indices are showing a positive direction. Futures on the S&P 500 in the morning rose in price by 0.3%. Brent crude is growing 0.1%. Futures on Sberbank shares is growing by 0.5% relative to the close of the evening session. The opening is expected to be higher than 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.

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 359.92 rubles. per share.

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