Banco Santander Technical Analysis (NYSE:SAN)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Banco Santander stock price data and volume are plotted in SAN stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Banco Santander. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Banco Santander stock analysis.
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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Banco Santander are mostly signals of long term trends and will help long term traders.
Banco Santander Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Banco Santander. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Banco Santander bollinger bands show that the stock price is $6.92, upper band is 7.64, lower band is 6.57, and the average is 7.11.
Banco Santander Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Banco Santander MACD line is below the signal line.
Banco Santander Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of SAN stock is 33.33.