years on the market

Sberbank Analysis 10.12.2018

There has been no change in the price of Sberbank share as the stock continues to fluctuate within the triangle and wait for a break in the triangle to confirm the trend.

The moving averages are trading in a sideways path where the SMA 50 is support for the price while SMA 20 is resistance

The Stochastic has formed a bearish cross at the beginning of last week and is currently on a downtrend heading towards the oversold area.

The MACD is trading above the zero line but is in a bearish direction and this line is expected to be breached this week.

In general, there is no clear direction for the long-term price movement and wait for the breach to confirm the trend.

Support and resistance:

Support: 193.15-186.00-179.20;

Resistance: 206.00-215.00.

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