Santander Bank Polska S.A. Stock Forecast
Santander Bank Polska S.A. stock price up 1.14% on Monday
(Updated on May 27, 2024)
The Santander Bank Polska S.A. stock price gained 1.14% on the last trading day (Monday, 27th May 2024), rising from 507.20zł to 513.00zł. During the last trading day the stock fluctuated 2.34% from a day low at 503.60zł to a day high of 515.40zł. The price has fallen in 6 of the last 10 days and is down by -7.2% for this period. Volume fell on the last day by -14 thousand shares and in total, 16 thousand shares were bought and sold for approximately 8.10zł million. 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 of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 500.66zł is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.22% during the next 3 months and, with a 90% probability hold a price between 489.55zł and 560.99zł at the end of this 3-month period.
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SPL.WA Signals & Forecast
There are mixed signals in the stock today. The Santander Bank Polska S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 549.22zł. On a fall, the stock will find some support from the short-term average at 509.06zł. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 2.15%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Santander Bank Polska S.A. stock
Santander Bank Polska S.A. finds support from accumulated volume at 512.00zł 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 11.80zł between high and low, or 2.34%. For the last week, the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPL.WA) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Santander Bank Polska S.A. to open at 510.67zł, and during the day (based on 14 day Average True Range), to move between 498.14zł and 527.86zł, which gives a possible trading interval of +/-14.86zł (+/-2.90%) up or down from last closing price. If Santander Bank Polska S.A. takes out the full calculated possible swing range there will be an estimated 5.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 512.00zł (0.19%) than the resistance at 523.00zł (1.95%), 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 Bank Polska S.A. stock A Buy?
Santander Bank Polska S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.689 Sell Candidate Unchanged
Predicted Opening Price for Santander Bank Polska S.A. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| 510.67zł ( 0.455%) | 513.00zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPL.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 522.47 | 1.85 % | |
| R2 | 517.96 | 0.97 % | ||
| R1 | 515.17 | 0.424 % | ||
| Current price: | 513.00 | |||
| Support | S1 | 506.16 | -1.33 % | |
| S2 | 503.37 | -1.88 % | ||
| S3 | 498.87 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 549.50 | 7.12 % | |
| R2 | 535.50 | 4.39 % | ||
| R1 | 523.00 | 1.95 % | ||
| Current price | 513.00 | |||
| Support | S1 | 512.00 | -0.195% | |
| S2 | 506.40 | -1.29% | ||
| S3 | 502.20 | -2.11% |
SPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 23, 2024 | 44.63zł | 8.71% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | 0zł | 0% |
| 3 | May 24, 2022 | May 24, 2022 | May 24, 2022 | 2.68zł | 1.07% |
| 4 | Oct 07, 2021 | Oct 07, 2021 | Oct 07, 2021 | 2.16zł | 0.639% |
| 5 | May 29, 2019 | May 29, 2019 | May 29, 2019 | 19.72zł | 5.53% |
FAQ
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