Sberbank stock quotes are ending the trading week near the 298 area. The paper continues to move within the growth and bullish channel. Moving averages indicate a bullish trend for the company’s shares. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and potential continuation of growth from current levels. As part of the Sberbank rate and value forecast for the current trading week of April 1-5, 2024, we should expect an attempt to develop growth and test the resistance level near the 305 area. From where we should expect a downward rebound and an attempt to continue the fall in the Sberbank stock price with a target below the 275 level.
Sberbank shares forecast for April 1-5, 2024
A test of the resistance line on the relative strength indicator (RSI) will be in favor of a decrease in SBER quotes. The second signal will be a rebound from the upper boundary of the bullish channel. The cancellation of the option of a decrease in the value of Sberbank shares next trading week will be a strong growth and a breakout of level 320. This will indicate a breakout of the resistance area and continued growth to the area above level 375. Confirmation of the fall in SBER quotes should be expected with a breakout of the support area and closing below level 285, which will indicate a breakout of the lower boundary of the bullish channel.
Thus, Sberbank shares forecast for April 1-5, 2024 suggests an attempt to test the resistance area near the level of 305. Further, the continuation of the fall in SBER quotes with a target below the level of 275. The cancellation of the option of a decrease in the price of Sberbank shares will be a strong growth and a breakout of the level of 320. This will indicate a breakout of the upper boundary of the bullish channel. In this case, we should expect continued growth to the level of 375.
