Sberbank stock quotes are trading at 132. The stock continues to move as part of the development of a strong correction and a bullish channel. Moving averages indicate the presence of a bullish trend in the company’s shares. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of securities and a potential continuation of growth already from current levels. As part of the forecast for the exchange rate and value of Sberbank on June 30, 2022, we should expect an attempt to develop a downward correction and a test of the support level near the area of 125. Where should we expect a rebound upwards and a continued growth in the price of Sberbank shares with a target above the level of 165.
Sberbank shares forecast for June 30, 2022
In favor of the growth of SBER quotes, a test of the support line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option of growth in the value of Sberbank shares will be a fall and a breakdown of the level of 115. This will indicate a breakdown of the support area and a continuation of the fall to the area below the level of 90. Expect confirmation of the rise in SBER quotes with a breakdown of the resistance area and closing above the level of 145, which will indicate a breakdown of the upper border bullish channel.
Thus, Sberbank Shares forecast for June 30, 2022 suggests an attempt to test the support area near the level of 125. Further, the continued growth of SBER quotes with a target above the level of 165. Cancellation of the option to raise the price of Sberbank shares will be a fall and a breakdown of the level of 115. In this case, we should expect continuation decline to level 90.