BANCO SANTANDER SA-SPON ADR (SAN) Stock Technical Analysis
NYSE:SAN - New York Stock Exchange, Inc. - US05964H1059 - ADR - Currency: USD
Overall SAN gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SAN is one of the better performing stocks in the market, outperforming 93% of all stocks.
SAN is one of the better performing stocks in the Banks industry, it outperforms 98% of 395 stocks in the same industry.
SAN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SAN is leading the market.
In the last month SAN has a been trading in the 7.80 - 8.38 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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.
Besides having an excellent technical rating, SAN 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. Another positive sign is the recent Pocket Pivot signal.
- 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
8.19
When analyzing the support we can see 5 important areas.
- A support zone ranging from 7.86 to 8.03. This zone is formed by a combination of multiple trend lines and important moving averages 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.
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 | 93.97 | POSITIVE | SAN has a high relative strength, it outperformed 93.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SAN is above 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 |
|---|---|---|---|
| 8.40 | 7.85 | 0.54 (6.49%) | 15.40% |
| An entry @8.39. This is a Buy Stop order right above the 10 day high. | An exit @7.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.54 points, which is 6.49%. | When investing 15.40% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
8.11
+0.08 (+1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1%
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 Today0.19
ADR(20)0.12
ADR(20)%1.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.97
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%
Volume24.46M
Volume Incr143.12%
Vol(5)12.68M
Vol(50)6.31M