Sberbank stock quotes are ending the trading week near the 300 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 March 11-15, 2024, we should expect an attempt to develop a correction and test the support level near the 290 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 March 11-15, 2024
A test of the support line on the relative strength indicator (RSI) will act 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 275. This will indicate a breakout of the support area and a continuation of the fall to the area below level 255. It is worth expecting confirmation of the growth of SBER quotes with a breakout of the resistance area and closing above level 310.
Thus, Sberbank shares forecast for March 11-15, 2024 suggests an attempt to test the support area near the level of 290. Further, the continuation of the growth of SBER quotes with a target above the level of 340. The cancellation of the option of increasing the price of Sberbank shares will be a fall and a breakout of the level of 275. 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 the level of 255.
