BANCO SANTANDER - CHILE ADS - Daily - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 23.50 USD
My targets
20.24 USD (-9.40%)
18.00 USD (-19.43%)
My analysis
The bearish trend is currently very strong for BANCO SANTANDER - CHILE ADS. As long as the price remains below the resistance at 23.50 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 20.24 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.00 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BANCO SANTANDER - CHILE ADS rating is 22.34 USD. The price is lower by -2.36% since the last closing with the lowest point at 22.02 USD and the highest point at 22.73 USD. The deviation from the price is +1.45% for the low point and -1.72% for the high point.22.02
22.73
22.34
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of BANCO SANTANDER - CHILE ADS in Daily shows a overall strongly bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 18.00 | 20.24 | 22.34 | 23.50 | 25.45 | 27.74 |
| Change (%) | -19.43% | -9.40% | - | +5.19% | +13.92% | +24.17% |
| Change | -4.34 | -2.10 | - | +1.16 | +3.11 | +5.40 |
| Level | Minor | Minor | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.33 | 21.71 | 22.30 | 22.68 | 23.27 | 23.65 | 24.24 |
| Camarilla | 22.61 | 22.70 | 22.79 | 22.88 | 22.97 | 23.06 | 23.15 |
| Woodie | 21.43 | 21.76 | 22.40 | 22.73 | 23.37 | 23.70 | 24.34 |
| Fibonacci | 21.71 | 22.08 | 22.31 | 22.68 | 23.05 | 23.28 | 23.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.93 | 22.89 | 23.59 | 24.55 | 25.25 | 26.21 | 26.91 |
| Camarilla | 23.84 | 24.00 | 24.15 | 24.30 | 24.45 | 24.60 | 24.76 |
| Woodie | 21.81 | 22.83 | 23.47 | 24.49 | 25.13 | 26.15 | 26.79 |
| Fibonacci | 22.89 | 23.52 | 23.91 | 24.55 | 25.18 | 25.57 | 26.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.83 | 20.00 | 22.12 | 26.29 | 28.41 | 32.58 | 34.70 |
| Camarilla | 22.50 | 23.08 | 23.65 | 24.23 | 24.81 | 25.38 | 25.96 |
| Woodie | 14.80 | 19.49 | 21.09 | 25.78 | 27.38 | 32.07 | 33.67 |
| Fibonacci | 20.00 | 22.41 | 23.89 | 26.29 | 28.70 | 30.18 | 32.58 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 19.17 | |
| MACD (12,26,9): | -1.3100 | |
| Directional Movement: | -32.19 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 23.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.55 | |
| Elder Ray (13): | -2.12 | |
| Super Trend (3,10): | 24.84 | |
| Zig ZAG (10): | 22.32 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 8.97 | |
| TEMA (21): | 22.86 | |
| Williams %R (14): | -94.00 | |
| Chande Momentum Oscillator (20): | -4.61 | |
| Repulse (5,40,3): | 2.4400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5500 | |
| Courbe Coppock: | 28.13 |
| MA7: | 23.82 | |
| MA20: | 25.66 | |
| MA50: | 27.39 | |
| MA100: | 28.22 | |
| MAexp7: | 23.68 | |
| MAexp20: | 25.22 | |
| MAexp50: | 26.75 | |
| MAexp100: | 27.67 | |
| Price / MA7: | -6.21% | |
| Price / MA20: | -12.94% | |
| Price / MA50: | -18.44% | |
| Price / MA100: | -20.84% | |
| Price / MAexp7: | -5.66% | |
| Price / MAexp20: | -11.42% | |
| Price / MAexp50: | -16.49% | |
| Price / MAexp100: | -19.26% |
News
Don"t forget to follow the news on BANCO SANTANDER - CHILE ADS. At the time of publication of this analysis, the latest news was as follows:
- Banco Santander-Chile now has Local Rating with ICR Chile
- Banco Santander-Chile Announces First Quarter 2019 Earnings
- Banco Santander-Chile: Announces First Quarter 2019 Analyst and Investor Webcast / Conference Call
- Bonds & Loans awards Banco Santander Chile in Deals of the Year for the first issuance of a floating-rate Chilean peso bond in the local market
- Japan Credit Rating Agency Publishes Banco Santander-Chile Rating and Assigns Credit Rating of A+, Outlook Stable
This member declared not having a position on this financial instrument or a related financial instrument.
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