Sberbank stock quotes are ending the trading week near the 308 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 continued growth from current levels. As part of the Sberbank rate and value forecast for the current trading week of April 29 – May 3, 2024, we should expect an attempt to develop a correction and test the support level near the 305 area. Where should we expect an upward rebound and an attempt to continue the growth of Sberbank stock prices with a target above the 340 level.
Sberbank shares forecast for April 29 – May 3, 2024
The test of the support line on the relative strength indicator (RSI) will be in favor of the rise in SBER quotes. The second signal will be a rebound from the lower boundary of the bullish channel. The cancellation of the growth option for Sberbank shares next trading week will be a fall and a breakout of level 295. This will indicate a breakout of the support area and a continuation of the fall to the area below level 265. It is worth expecting confirmation of the growth of SBER quotes with a breakout of the resistance area and closing above level 325, which will indicate a breakout of the upper boundary of the bullish channel, and this is a signal for growth by the width of the channel.
Thus, the Sberbank Shares forecast for April 29 – May 3, 2024 suggests an attempt to test the support area near level 305. Further, the continuation of the growth of SBER quotes with a target above level 340. The cancellation of the option of increasing the price of Sberbank shares will be a fall and a breakout of level 295. This will indicate a breakout of the lower boundary of the bullish channel. In this case, we should expect a continuation of the decline to level 265.
