Banco Santander SA Stock Forecast
Banco Santander SA stock price ended at $4.63 on Tuesday, after losing 2.53%.
(Updated on Jul 02, 2024)
The Banco Santander SA stock price fell by -2.53% on the last day (Tuesday, 2nd Jul 2024) from $4.75 to $4.63. During the last trading day the stock fluctuated 0.87% from a day low at $4.61 to a day high of $4.65. The price has fallen in 5 of the last 10 days and is down by -2.11% 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 -311 thousand shares and in total, 2 million shares were bought and sold for approximately $7.44 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $4.50 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Banco Santander SA stock with a 90% probability to be traded between $4.44 and $5.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SAN Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.216%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Banco Santander SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.65 and $4.95. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Monday, June 03, 2024 with a target of $4.97. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Banco Santander SA stock
Banco Santander SA finds support from accumulated volume at $4.62 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 $0.0399 between high and low, or 0.87%. For the last week, the stock has had daily average volatility of 1.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Banco Santander SA to open at $4.63, and during the day (based on 14 day Average True Range), to move between $4.53 and $4.73, which gives a possible trading interval of +/-$0.0992 (+/-2.14%) up or down from last closing price. If Banco Santander SA takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.62 (0.22%) than the resistance at $4.86 (4.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Banco Santander SA stock A Buy?
Banco Santander SA holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.281 Sell Candidate Unchanged
Predicted Opening Price for Banco Santander SA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $4.63 ( 0.0007%) | $4.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.67 | 0.86% |
| R2 | 4.65 | 0.532% |
| R1 | 4.65 | 0.328% |
| Price | 4.63 | |
| S1 | 4.61 | -0.330% |
| S2 | 4.61 | -0.533% |
| S3 | 4.59 | -0.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.05 | 9.07% |
| R2 | 4.99 | 7.78% |
| R1 | 4.86 | 4.97% |
| Price | 4.63 | |
| S1 | 4.62 | -0.216% |
| S2 | 4.57 | -1.30% |
| S3 | 0 | - |
SAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 07, 2024 | $0.103 | 2.04% |
| 2 | Oct 13, 2023 | Oct 31, 2023 | Nov 07, 2023 | $0.0850 | 2.28% |
| 3 | Mar 03, 2023 | Apr 27, 2023 | May 05, 2023 | $0.0630 | 1.83% |
| 4 | Oct 06, 2022 | Oct 31, 2022 | May 05, 2023 | $0.0560 | 1.62% |
| 5 | Mar 23, 2022 | Apr 28, 2022 | May 05, 2022 | $0.0570 | 2.02% |
FAQ
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