Banco Santander SA Stock Forecast
Evaluation of Banco Santander SA stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The Banco Santander SA stock price gained 0.99% on the last trading day (Friday, 26th Apr 2024), rising from $5.06 to $5.11. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.37% from a day low at $5.10 to a day high of $5.17. The price has risen in 7 of the last 10 days and is up by 9.89% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately $14.40 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 middle of a wide and 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 30.19% during the next 3 months and, with a 90% probability hold a price between $6.15 and $6.84 at the end of this 3-month period.
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SAN Signals & Forecast
The Banco Santander SA 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 $4.94 and $4.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 11.82%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Banco Santander SA stock
Banco Santander SA finds support from accumulated volume at $4.99 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 $0.0700 between high and low, or 1.37%. For the last week, the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: $4.94 (-3.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (SAN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Banco Santander SA to open at $5.13, and during the day (based on 14 day Average True Range), to move between $5.01 and $5.21, which gives a possible trading interval of +/-$0.104 (+/-2.04%) up or down from last closing price. If Banco Santander SA takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $4.99, some $0.120 (2.35%) from the current price of $5.11, our system finds the risk reward attractive.
Is Banco Santander SA stock A Buy?
Banco Santander SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Banco Santander SA of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $5.13 ( 0.326%) | $5.11 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 5.20 | 1.70 % | |
| R2 | 5.17 | 1.17 % | ||
| R1 | 5.15 | 0.85 % | ||
| Current price: | 5.11 | |||
| Support | S1 | 5.10 | -0.197 % | |
| S2 | 5.08 | -0.520 % | ||
| S3 | 5.06 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.11 | |||
| Support | S1 | 4.99 | -2.35% | |
| S2 | 4.76 | -6.85% | ||
| S3 | 4.09 | -19.96% |
SAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 07, 2024 | $0.103 | 2.01% |
| 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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