Standard Bank, area of value or weakness?It's hard to say that JSE:SBK is at an area of value. Financials are weak, it'll take a decent amount of buying to keep the stock above this "support" level.
SBK trade ideas
STARDARD BANKstandard bank retesting the trend line of the bull flag gearing for a move to the upside
SBK LongThe share has broken above the 50-day moving average and a break above Friday's close of R166.60 will see the share heading towards R179.05.
Market Neutral: Long SBK, Short ABGMarket Neutral: Long JSE:SBK , Short JSE:ABG
Over the long term (3 and 4 quarters), the correlation between JSE:SBK and JSE:ABG is high, with readings of 0.92 and 0.93 respectively. Over the short term (21 trading days or 1 month's worth of trading), the correction has developed a discrepancy, with the ratio dropping to 0.55 ( JSE:ABG outperforming JSE:SBK by 7.94% over 1 month). On this basis, a market neutral/pairs trading opportunity emerged has where the relative ratio is expected to revert to the short term mean, either fully or in part.
Trading Levels:
Entry: 0.9239
Stop-loss: 0.9025
Target: 0.9700
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STANDARD BANK - Overhead Supply zone Price has had a decent rally off the R150.65 low
Bulls have run into overhead supply now in the ambush zone R165-R169
Failure to push through will likely see the gap become target below
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
If you would like me to have a look at any chart, DM me and i will post my thoughts, Happy Trading!
Short entered on SBKA short has been entered on JSE:SBK based off of our momentum indicators. We are aiming for a target at around 12300 or adjusting the stop loss accordingly as the trade moves downwards.
SBK - Upward moveJSE:SBK is looking good for a long position as all 3 of the momentum indicators have crossed upwards.
STANDARD BANK - Bird's Eyeview #JSESBK- It's good practice in trading/investing to always pan out and see where we are on the bigger timeframes.
- Currently in a major resistance zone with oscillators overbought ... add the current market climate and i would be cautious on the longside.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Standard Bank Long IdeaJSE:SBK weekly close will be interesting. Looking to go long if it close above this level.
SBK - Ascending Triangle BreakoutJSE:SBK has broken through top of ascending triangle. Good signal for a long position.
JSE:SBK long ideaPrice has broken the triangle price setup and closed above the EMA200. Decent spot for a long pos with 1:8 R/R. As always manage your risk
STANDARD BANK #Yearly Inside bar idea - 2021 Formed an inside year with the range of R149.78 - R113.38
- Bullish case will be a break of R149.78 to target R172.24
Early entries and risk management can be done on the smaller Monthly/Weekly/Daily charts
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Standard bank Pref stocksA Good Hedge for an unstable Portfolio can be This Pref Stock and SBKP 6.5% Pref stocks. Had to Publish this amid the Opportunity that came through.
Standard Bank looks very cheap....Standard Bank is far from a “quality” company, and they arguably have several structural headwinds over the next several years. Nevertheless, the company seems to be trading at a discount.
Standard bank suffered a +/- 55% reduction in their annual earnings per share from 2018 – 2020. This has resulted in the annual debt to EBITDA more than doubling from 2019 to 2020.
The price to book ratio is trading at 1.19 which is comparable to where it was at the height of the Global Financial Crisis in 2009.
Standard Bank has flagged higher earns alongside a brighter outlook for earnings growth. Standard Bank has announced that its half year earnings in 2021 was x3 that of the first half of 2020.
All things considered, it appears to be cheap with a lot of the bad news already having been priced in. The share price has yet to recover to where it was before covid struck. It looks like a good entry point into a cheap company that just needs to do the basics right.
Lets see how it pans out.
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Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Standard BankStandard bank daily close below 13100 support.
A weaker rand should add to the pressure on local banks.
The two possible short targets are 12050 and 11000.
Standard Bank Long IdeaFinally there's some action on JSE:INL BK"]JSE:SBK . I'm bullish on the financial sector, saw some good recoveries on bank stocks; firing in all barrels. and JSE:NED doing wonders.
Unfortunately you can't have them all, but JSE:STXFIN will give you a good exposure to this sector.
Standard Bank-Standard ShortTriple Top, over bought, Long tail reversal candle and over-stretched... I see Standard Bank retracing back into the R130.00's before the next move is decided.
Standard, Bank This Trade On Monday 19 July, I spoke to the journalist from Barron's in New York who inquired about any SA names which could rebound if and when the (then) civil unrest fades.
I suggested two names.
First was BVT which rallied from R177 to R209.
Second was Standard Bank, which has rallied from R117 to R144. SBK is now at resistance and I think, if you managed to get into the trade, use the highs to trim/banks these gains.
The article should be on their website (sub required).
For more of these ideas and other technical insights, get in touch today.
Standard Bank Long IdeaJSE:SBK may break above the resistance level, if it does, it may trade higher. The price is above the 50EMA, which is also above the 200EMA.
