Santam triangle broken above - Looks good to R406.22Symmetrical Triangle has formed on Santam and it looks like the uptrend wants to continue.
We have a strong high Probability Trade lineup with the Price>20 and 200MA'
First target at R406.22
34 ZAR
3.25 B ZAR
50.66 B ZAR
33.60 M
About SANTAM LIMITED
Sector
Industry
CEO
Tavaziva Chadamoyo Madzinga
Website
Headquarters
Bellville
Founded
1918
ISIN
ZAE000093779
FIGI
BBG000BFNPN7
Santam Ltd. engages in the provision of insurance and investment services. It operates through the Insurance Activities and Investment Activities segments. The Insurance Activities segment offers conventional, credit, alternative risk transfer, and Sanlam emerging market (SEM) general insurances. The Investment Activities segment includes all investment related activities undertaken by the company. The company was founded on May 1, 1918 and is headquartered in Bellville, South Africa.
Our opinion on the current state of SANTAM(SNT)Santam (SNT) is South Africa's largest short-term insurer, commanding approximately 22% of the market. Unlike insurers that offer endowment policies, annuities, or investment-linked products, Santam specializes in insuring tangible assets such as buildings and vehicles, as well as offering coverage
SNT: some upside potential?A price action above 29500 supports a bullish trend direction.
Increase long exposure for a break above 30000.
The target price is set at 30900 (its 100% Fibonacci retracement level).
The stop-loss price is set at 28700 (its 50% retracement level).
Remains above its 200-day and a correction to its 2
Santam poised for great upside to R334.48!Not my favourite market to trade due to the high volatile nature.
But the analysis has shown, upside is likely to come.
The price is above both 20/200SMA and it's formed a Cup and Handle pattern.
Conservative traders might wait for the retrace and bounce before getting it.
Aggressive traders
Our opinion on the current state of SNTSantam, recognized as South Africa's leading short-term insurer, commands approximately 22% of the market share. Distinct from engaging in endowment insurance, annuities, or investment insurance, Santam specializes in insuring assets such as buildings and vehicles, and protecting individuals against
Our opinion on the current state of SNTSantam (SNT) is South Africa's largest short-term insurer with about 22% of the market. This means that it does not engage in endowment insurance, annuities or any kind of investment insurance. It insures assets, like buildings and vehicles and individuals against risks which they cannot afford such
Santam showing strong upside to R345 but with a warningSantam large Cup and Handle formed, broke above the brim and now is going to test the support.
This will provide a conservative entry if we get a bounce back up.
7>21>200 - Bullish
RSI>50
Target R345.37
The warning is that it's been moving in sideways range for over a year, and it often peaks t
SNT rangeSNT trading in a range between R275 and R300. My preference will be on the long side.
Trade ideas are my own and not financial advice.
Santam moving averages looking goodHourly, daily & weekly moving averages looking good for this short term insurer.
SNT: timing very importantA price action above 26600 supports a bullish trend direction.
Breaking below this level will negate the bullish bias.
RSI leaves enough room for further upside price potential.
Remains above its 200-day simple moving average.
Increase exposure as the trend is developing further.
MACD crossover (low
See all ideas
An aggregate view of professional's ratings.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of SNT is 38,160 ZAC — it has decreased by −1.39% in the past 24 hours. Watch SANTAM LIMITED stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on JSE exchange SANTAM LIMITED stocks are traded under the ticker SNT.
SNT stock has fallen by −0.45% compared to the previous week, the month change is a −1.48% fall, over the last year SANTAM LIMITED has showed a 36.29% increase.
We've gathered analysts' opinions on SANTAM LIMITED future price: according to them, SNT price has a max estimate of 37,288.00 ZAC and a min estimate of 37,288.00 ZAC. Watch SNT chart and read a more detailed SANTAM LIMITED stock forecast: see what analysts think of SANTAM LIMITED and suggest that you do with its stocks.
SNT stock is 3.14% volatile and has beta coefficient of 0.18. Track SANTAM LIMITED stock price on the chart and check out the list of the most volatile stocks — is SANTAM LIMITED there?
Today SANTAM LIMITED has the market capitalization of 42.24 B, it has increased by 1.58% over the last week.
Yes, you can track SANTAM LIMITED financials in yearly and quarterly reports right on TradingView.
SNT net income for the last half-year is 1.72 B ZAR, while the previous report showed 1.97 B ZAR of net income which accounts for −12.75% change. Track more SANTAM LIMITED financial stats to get the full picture.
SANTAM LIMITED dividend yield was 4.89% in 2023, and payout ratio reached 47.10%. The year before the numbers were 5.10% and 72.35% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, SNT shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade SANTAM LIMITED stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So SANTAM LIMITED technincal analysis shows the neutral today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating SANTAM LIMITED stock shows the buy signal. See more of SANTAM LIMITED technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.