-
Santander (SAN) has strong technical momentum and is trading at new 10-year highs.
-
SAN is up over 160% in the last 52 weeks.
-
The stock maintains a 100% technical “Buy” opinion on Barchart.
-
SAN is a Spanish financial institution that offers access to American investors.
Author’s note: It is a Spanish bank that trades as American Depositary Receipt (ADR) on the New York Stock Exchange with the symbol SAN.
Valued at $175 billion, Banco Santander (SAN) is the largest bank in Spain and also the largest international bank in Latin America. The bank provides services for individuals and businesses including leasing, factoring, stock brokerage and mutual fund services.
I found today’s Chart of the Day using Barchart’s powerful selection features to select stocks with the highest technical Buy signals; current momentum superior in both strength and direction; and a “buy” signal from Trend Seeker. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. SAN checks those boxes. Since Trend Seeker signaled a new “buy” on November 26, the stock has gained 10.86%.
Editor’s note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. Therefore, the indicator numbers shown below may not match what you see live on the Barchart.com website when you read this report. These technical indicators form Barchart’s opinion on a particular stock.
Banco Santander hit a new 10-year high of $11.86 on December 24.
-
SAN has a weighted Alpha of +149.88.
-
Banco Santander has a 100% “Buy” opinion on Barchart.
-
ADR gained 159.54% over the past year.
-
SAN has its Trend Seeker “Buy” signal intact.
-
The ADR recently traded at $11.86 with a 50-day moving average of $10.63.
-
SAN hit 18 new highs and gained 16.68% in the past month.
-
The Relative Strength Index (RSI) is at 73.71.
-
There is a technical support level around $11.73.
-
Market cap of $175 billion.
-
Price-earnings ratio of 13.32x.
-
Dividend yield of 2.23%.
-
Revenue is expected to decline 0.10% this year and another 0.61% next year.
-
Earnings are estimated to increase by 23.84% this year and an additional 8.75% next year.