Banco Santander, S.A. Stock Forecast
Banco Santander, S.A. stock price down 0.600% on Friday
(Updated on May 10, 2024)
The Banco Santander, S.A. stock price fell by -0.600% on the last day (Friday, 10th May 2024) from 4.75€ to 4.72€. During the last trading day the stock fluctuated 0.97% from a day low at 4.72€ to a day high of 4.77€. The price has fallen in 6 of the last 10 days and is down by -0.59% for this period. Volume has increased on the last day by 32 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 69 thousand shares were bought and sold for approximately 326.69€ thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 31.24% during the next 3 months and, with a 90% probability hold a price between 6.08€ and 6.62€ at the end of this 3-month period.
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BSD2.DE Signals & Forecast
The Banco Santander, S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 4.66€ and 4.57€. A breakdown below any of these levels will issue sell signals. 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 -2.90%. Further fall is indicated until a new bottom pivot has been found. Banco Santander, S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Banco Santander, S.A. stock
Banco Santander, S.A. finds support from accumulated volume at 4.60€ 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 0.0460€ between high and low, or 0.97%. For the last week, the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: 4.56€ (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (BSD2.DE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Banco Santander, S.A. to open at 4.74€, and during the day (based on 14 day Average True Range), to move between 4.63€ and 4.82€, which gives a possible trading interval of +/-0.0950€ (+/-2.01%) 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 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 4.74€ (0.29%) than the support at 4.60€ (2.60%), 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: 3.055 Buy Candidate Unchanged
Predicted Opening Price for Banco Santander, S.A. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 4.74€ ( 0.325%) | 4.72€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSD2.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.78 | 1.30 % | |
| R2 | 4.77 | 0.93 % | ||
| R1 | 4.76 | 0.697 % | ||
| Current price: | 4.72 | |||
| Support | S1 | 4.72 | -0.0474 % | |
| S2 | 4.71 | -0.277 % | ||
| S3 | 4.69 | -0.649 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.75 | 0.593 % | |
| R2 | 4.74 | 0.445 % | ||
| R1 | 4.74 | 0.286 % | ||
| Current price | 4.72 | |||
| Support | S1 | 4.60 | -2.60% | |
| S2 | 4.54 | -3.95% | ||
| S3 | 4.36 | -7.65% |
BSD2 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | 0.0656€ | 1.36% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | 0.0595€ | 1.80% |
| 3 | Oct 06, 2022 | Oct 31, 2022 | Nov 07, 2022 | 0.0583€ | 2.18% |
| 4 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | 0.0515€ | 1.85% |
| 5 | Oct 29, 2021 | Oct 29, 2021 | Oct 29, 2021 | 0.0485€ | 1.47% |
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