Banco Santander, S.A. (SAN) Momentum Continues

The stock of Banco Santander, S.A. (NYSE:SAN) has been Upgraded to Hold from Reduce by HSBC Securities in its latest research note that was published on August 21. UBS analysts have downgraded their rating of SAN stock from Buy to Neutral in a separate flash note to investors on July 18. Analysts at RBC Capital Mkts issued an upgrade fromSector Perform to Outperform for the stock, in a research note that dated back to March 13.

Banco Santander, S.A., which has current market capitalization of above $64 Billion, published its last quarter earnings on June 30, 2019.

SAN surged by $0.03 during the normal trading session on Friday and reaching a high of $3.87 during the day while it closed the day at $3.87. The Banco stock had a low trading volume of 10.02 million shares on that day, which is low compared to the average daily volume of 11.71M shares. SAN has also gained 2.38% of its value over the past 7 days. However, the stock has declined by 12.84% in the 3 months of the year. Over the past six months meanwhile, it has lost 15.87% while it has lost 13.62% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -18.27% from its 3 months high price. However, taking another look at SAN will indicate that it is trading +6.03% away from its 90-day low. Looking at the bigger picture, the Banco Santander, S.A. stock has dropped by -28.73% from its 52-week high while it has surged by +6.03% from its 52-week low price.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 20.28%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 56.41%. Over the past 20 days, Banco’s Stochastic %K stood at 38.06% while its Stochastic %D was revealed to be 22.39%.