Banco Santander Technical Analysis (NYSE:SAN)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Banco Santander stock price data and volume are plotted in SAN stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Banco Santander. Technical analysis uses an approach for Banco Santander stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Banco Santander Moving Average:
Moving averages show the average price of SAN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $6.56 is below the price of $6.79.
Banco Santander Bollinger Bands:
Bollinger bands comprise of a center line usually SAN SMA, and two SAN stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Banco Santander bollinger bands.
Banco Santander Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Banco Santander MACD line is below the signal line.
Banco Santander Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of SAN stock is 66.67. .