Santander Uk Plc Stock Forecast
Weaker technical forecast for Santander Uk Plc as stock downgraded to Sell Candidate.
(Updated on Jun 19, 2024)
The Santander Uk Plc stock price gained 0.0231% on the last trading day (Wednesday, 19th Jun 2024), rising from £130.00 to £130.03. During the last trading day the stock fluctuated 0% from a day low at £130.03 to a day high of £130.03. The price has fallen in 7 of the last 10 days and is down by -1.49% for this period. Volume fell on the last day by -16 thousand shares and in total, 0 shares were bought and sold for approximately £0 . 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 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 £127.73 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Santander Uk Plc stock with a 90% probability to be traded between £125.72 and £140.65 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SANB.L Signals & Forecast
There are few to no technical positive signals at the moment. The Santander Uk Plc 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 £130.34 and £131.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -1.12%. 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.
Support, Risk & Stop-loss for Santander Uk Plc stock
Santander Uk Plc finds support from accumulated volume at £130.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.516%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SANB.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Santander Uk Plc to open at £130.03, and during the day (based on 14 day Average True Range), to move between £128.39 and £131.67, which gives a possible trading interval of +/-£1.64 (+/-1.26%) up or down from last closing price. If Santander Uk Plc takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £130.00 (0.02%) than the resistance at £131.00 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Santander Uk Plc stock A Buy?
Santander Uk Plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.967 Sell Candidate Downgraded
Predicted Opening Price for Santander Uk Plc of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £130.03 ( 0%) | £130.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SANB.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 130.03 | - |
| R2 | 130.03 | - |
| R1 | 130.03 | - |
| Price | 130.03 | |
| S1 | 130.03 | - |
| S2 | 130.03 | - |
| S3 | 130.03 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 132.00 | 1.52% |
| R2 | 131.50 | 1.13% |
| R1 | 131.00 | 0.746% |
| Price | 130.03 | |
| S1 | 130.00 | -0.0231% |
| S2 | 128.98 | -0.81% |
| S3 | 128.00 | -1.56% |
SANB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Apr 06, 2024 | £4.31 | 3.27% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | £4.31 | 3.61% |
| 3 | Mar 09, 2023 | Mar 09, 2023 | Apr 06, 2023 | £4.31 | 3.61% |
| 4 | Sep 08, 2022 | Sep 08, 2022 | Oct 06, 2022 | £4.31 | 3.90% |
| 5 | Mar 10, 2022 | Mar 10, 2022 | Apr 06, 2022 | £4.31 | 3.08% |
FAQ
Click here for our free guide on how to buy Santander Uk Plc Stock.
