years on the market

SBER Bank Stock analysis 02.12.2019

Sber Bank stock was able to breach the support of 236.11 and hold below it, thus breaking the support level was confirmed. It reached the next support level of 231.74, which is near the 50% Fibonacci retracement level.

The price is moving downwards under the negative effect of moving averages 20-7 moving above the price while SMA 50 is still a support level.

Stochastic is moving sideways near oversold area so negative pressure will continue on the price to retest support and continue falling.

Overall trend: Bearish.

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