Monday, May 16

Falls today for Banco Sabadell, what does its graph indicate?

The price pressure will cause the Federal Reserve to raise rates more aggressively than expected, it is a scenario that the markets are already discounting. This is a positive thing for banks. And although the European Central Bank has not yet taken any steps in this regard, it is expected that sooner or later it will also follow the same path as the Fed.

Today we see cuts for the IBEX 35 banks, which, according to Diego Morín, an IG analyst, are logical, since they have brought a significant recovery in recent weeks.

In the case of Banco Sabadell, it broke a guideline in the area of ​​0.65 euros, a critical psychological level, then it approached the area of ​​0.70, and then we have seen slight corrections, the bank has not managed to consolidate the 0 .68 euros.

Now it would be necessary to watch that the value manages to maintain 0.65 euros or else it could go back to the area of ​​0.6390 euros, according to the analyst.

Sabadell Bank

The technical indicators of Investment Strategies for Banco Sabadell show that the value is in an upward phase.