Sberbank stock quotes are trading at 308. The paper continues to move within the correction and the formation of the reversal model “Head and Shoulders”. Moving averages indicate the presence of a bullish trend in the company’s shares. Prices broke through the area between the moving averages downwards, which indicates pressure from sellers of securities and a potential continuation of the fall in the share price from the current levels. As part of the forecast of the rate and cost of Sberbank for April 30, 2024, we should expect an attempt to develop growth in the value of securities and a test of the resistance level near the 315 area. From where we should expect a downward rebound and a fall in the Sberbank share price with a target below the level of 295.
Sberbank shares forecast for April 30, 2024
An additional signal in favor of a decrease in SBER quotes will be a test of the resistance line on the relative strength indicator (RSI). The second signal will be a rebound from the upper border of the reversal pattern “Head and Shoulders”. The cancellation of the option of a fall in the value of Sberbank shares will be a strong increase in the value of securities and a breakout of level 320. This will indicate a breakout of resistance and continued growth of shares to the area above level 345. Confirmation of the fall in SBER quotes should be expected with a breakout of the support area and closing below level 295, which will indicate a breakout of the lower border of the reversal pattern and the beginning of the pattern with targets below.
Thus, the Sberbank Shares forecast for April 30, 2024 suggests an attempt to develop growth and a resistance area near the level of 315. Further, a continuation of the fall in SBER quotes with a target below the level of 295. The cancellation of the option of reducing the price of Sberbank shares for tomorrow will be a strong growth of securities and a breakout of the level of 320. In this case, one should expect a continuation of the rise in the value of the asset to the level of 345.

