BANCO SANTANDER SA-SPON ADR (SAN) Stock Technical Analysis
NYSE:SAN - New York Stock Exchange, Inc. - US05964H1059 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to SAN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SAN is showing a nice and steady performance.
In the last month SAN has a been trading in the 7.80 - 8.38 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SAN did better than 94% of all other stocks.
SAN is part of the Banks industry. There are 395 other stocks in this industry. SAN outperforms 98% of them.
SAN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SAN is performing more or less in line with the market.
SAN has an average volume of 6308900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
SAN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 8.03, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.37
8.20
We found 5 important support areas.
- A support zone ranging from 7.86 to 7.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.95 from a trend line in the weekly time frame.
- Support @6.72 from a trend line in the daily time frame.
- Support @4.85 from a trend line in the weekly time frame.
- Support @4.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.99 to 8.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SAN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAN is up. |
| ChartMill Relative Strength | 94 | POSITIVE | SAN has a high relative strength, it outperformed 94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SAN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SAN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58 | NEUTRAL | The RSI value for SAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.81 | NEUTRAL | The Stochastics value for SAN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for SAN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.64 | NEUTRAL | The ADX value for SAN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.04 | 7.85 | 0.19 (2.41%) | 25.00% |
| An entry @8.04. This is a Buy Stop order right above the 10 day moving average. | An exit @7.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.19 points, which is 2.41%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SAN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.975
-0.13 (-1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.66%
1 Week0.25%
2 Weeks1.5%
1 Month2.4%
3 Month17.2%
6 Month79.82%
12 Month75.54%
2 Year118.6%
3 Year189.64%
5 Year236.52%
10 Year15.69%
15 Year-86.93%
Volatility
ATR(14)0.18
ATR(20)%2.06%
ATR Inc-2.67%
Range Today0.12
ADR(20)0.12
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94
Mansfield3.85
10 Day High8.39
10 Day Low7.83
20 Day High8.39
20 Day Low7.8
52 Week High8.39
52 Week Low4.27
CS1 End8.03
CR1 StartN/A
Volume & EV
DER(3)-1%
DER(5)2.39%
Volume7.71M
Volume Incr143.12%
Vol(5)12.68M
Vol(50)6.31M