Banco Santander S.A. Stock Forecast
Red day on Friday for Banco Santander S.A. stock after losing 1.16%
(Updated on May 03, 2024)
The Banco Santander S.A. stock price fell by -1.16% on the last day (Friday, 3rd May 2024) from £388.00 to £383.50. During the last trading day the stock fluctuated 2.61% from a day low at £383.50 to a day high of £393.50. The price has risen in 5 of the last 10 days but is still down by -0.52% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -103 thousand shares and in total, 219 thousand shares were bought and sold for approximately £83.91 million.
Given the current short-term trend, the stock is expected to rise 33.15% during the next 3 months and, with a 90% probability hold a price between £510.65 and £561.87 at the end of this 3-month period.
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BNC.L Signals & Forecast
The Banco Santander S.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £396.93. On a fall, the stock will find some support from the long-term average at approximately £383.34. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -7.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Banco Santander S.A. stock
Banco Santander S.A. finds support from accumulated volume at £373.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £10.00 between high and low, or 2.61%. For the last week, the stock has had daily average volatility of 4.14%.
Our recommended stop-loss: £360.72 (-5.94%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (BNC.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Banco Santander S.A. to open at £386.83, and during the day (based on 14 day Average True Range), to move between £371.22 and £395.78, which gives a possible trading interval of +/-£12.28 (+/-3.20%) up or down from last closing price. If Banco Santander S.A. takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £388.50 (1.30%) than the support at £373.00 (2.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Banco Santander S.A. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Banco Santander S.A. stock to perform well in the short-term.
Current score: 1.819 Buy Candidate Unchanged
Predicted Opening Price for Banco Santander S.A. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £386.83 ( 0.87%) | £383.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 396.83 | 3.48 % | |
| R2 | 393.01 | 2.48 % | ||
| R1 | 390.65 | 1.87 % | ||
| Current price: | 383.50 | |||
| Support | S1 | 383.01 | -0.127 % | |
| S2 | 380.65 | -0.742 % | ||
| S3 | 376.83 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 413.50 | 7.82 % | |
| R2 | 406.00 | 5.87 % | ||
| R1 | 388.50 | 1.30 % | ||
| Current price | 383.50 | |||
| Support | S1 | 373.00 | -2.74% | |
| S2 | 353.50 | -7.82% | ||
| S3 | 326.50 | -14.86% |
BNC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | £5.60 | 1.38% |
| 2 | Feb 28, 2023 | Apr 27, 2023 | May 02, 2023 | £5.95 | 2.16% |
| 3 | Sep 27, 2022 | Oct 31, 2022 | Nov 02, 2022 | £5.83 | 2.59% |
| 4 | Feb 24, 2022 | Apr 28, 2022 | May 02, 2022 | £5.15 | 2.21% |
| 5 | Sep 28, 2021 | Oct 29, 2021 | Nov 02, 2021 | £4.85 | 1.72% |
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