Banco Santander, S.A. Stock Forecast
Green day on Friday for Banco Santander, S.A. stock after gaining 1.71%
(Updated on May 31, 2024)
The Banco Santander, S.A. stock price gained 1.71% on the last trading day (Friday, 31st May 2024), rising from 20.16zł to 20.50zł. During the last trading day the stock fluctuated 1.49% from a day low at 20.20zł to a day high of 20.50zł. The price has risen in 6 of the last 10 days but is still down by -0.49% for this period. Volume fell on the last day by -589 shares and in total, 1 thousand shares were bought and sold for approximately 20.60zł thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 20.10zł is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.75% during the next 3 months and, with a 90% probability hold a price between 24.08zł and 26.69zł at the end of this 3-month period.
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SAN.WA Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -2.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. 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 20.26zł and 20.13zł. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Banco Santander, S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 19.24zł and 18.00zł. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Banco Santander, S.A. finds support just below today's level at 19.24zł. If this is broken, then the next support from accumulated volume will be at 18.00zł and 16.92zł.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.300zł between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.05%
Our recommended stop-loss: 19.68zł (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (SAN.WA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Banco Santander, S.A. to open at 20.40zł, and during the day (based on 14 day Average True Range), to move between 20.13zł and 20.87zł, which gives a possible trading interval of +/-0.367zł (+/-1.79%) 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 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 20.60zł (0.49%) than the support at 19.24zł (6.15%), 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: 2.748 Buy Candidate Unchanged
Predicted Opening Price for Banco Santander, S.A. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 20.40zł ( 0.488%) | 20.50zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAN.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.70 | 0.98 % | |
| R2 | 20.59 | 0.417 % | ||
| R1 | 20.51 | 0.0712 % | ||
| Current price: | 20.50 | |||
| Support | S1 | 20.29 | -1.05 % | |
| S2 | 20.21 | -1.39 % | ||
| S3 | 20.10 | -1.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.92 | 2.05 % | |
| R2 | 20.75 | 1.22 % | ||
| R1 | 20.60 | 0.488 % | ||
| Current price | 20.50 | |||
| Support | S1 | 19.24 | -6.15% | |
| S2 | 18.00 | -12.20% | ||
| S3 | 16.92 | -17.46% |
SAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | 0.284zł | 1.38% |
| 2 | Oct 31, 2023 | Oct 31, 2023 | Oct 31, 2023 | 0.0810zł | 0.527% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | 0.0595zł | 0.394% |
| 4 | May 02, 2022 | Oct 28, 2022 | May 05, 2022 | 0.0583zł | 0.456% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | 0.0515zł | 0.399% |
FAQ
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