Londinia Opportunities Analyses - 05/23/2022 (GMT) SANTANDER - 1H

SANTANDER
- EUR (-)
- 15 min delayed data - Spain Stocks
Type: Stocks
Ticker: SAN
ISIN: ES0113900J37

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • Europe Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.7497 EUR
My targets
2.8453 EUR (+1.75%)
3.0441 EUR (+8.85%)
My analysis
The bullish trend is currently very strong on SANTANDER. As long as the price remains above the support at 2.7497 EUR, you could try to benefit from the boom. The first bullish objective is located at 2.8453 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.0441 EUR as an objective. Crossing it would then enable buyers to target 3.1061 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

SANTANDER rating 2.7965 EUR. The price registered an increase of +1.91% on the session and was between 2.7685 EUR and 2.7980 EUR. This implies that the price is at +1.01% from its lowest and at -0.05% from its highest.

2.7685
2.7980
2.7965

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this SANTANDER chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.6040 2.6997 2.7497 2.7965 2.7990 2.8453 3.0441
Change (%) -6.88% -3.46% -1.67% - +0.09% +1.75% +8.85%
Change -0.1925 -0.0968 -0.0468 - +0.0025 +0.0488 +0.2476
Level Major Intermediate Intermediate - Minor Major Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.66202.69702.72052.75552.77902.81402.8375
Camarilla2.72792.73332.73862.74402.74942.75472.7601
Woodie2.65632.69412.71482.75262.77332.81112.8318
Fibonacci2.69702.71942.73322.75552.77792.79172.8140


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.56132.61972.68182.74022.80232.86072.9228
Camarilla2.71092.72192.73302.74402.75512.76612.7771
Woodie2.56332.62062.68382.74112.80432.86162.9248
Fibonacci2.61972.66572.69412.74022.78622.81462.8607


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.15332.43622.62632.90923.09933.38223.5723
Camarilla2.68642.72982.77312.81652.85992.90322.9466
Woodie2.10702.41302.58002.88603.05303.35903.5260
Fibonacci2.43622.61692.72852.90923.08993.20153.3822

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 60.00
MACD (12,26,9): 0.0114
Directional Movement: 13.1169
AROON (14): 78.5714
DEMA (21): 2.7753
Parabolic SAR (0,02-0,02-0,2): 2.7345
Elder Ray (13): 0.0191
Super Trend (3,10): 2.7209
Zig ZAG (10): 2.7925
VORTEX (21): 1.1261
Stochastique (14,3,5): 90.29
TEMA (21): 2.7801
Williams %R (14): -2.00
Chande Momentum Oscillator (20): 0.0220
Repulse (5,40,3): 0.4380
ROCnROLL: 1
TRIX (15,9): 0.0417
Courbe Coppock: 3.68
MA7: 2.7464
MA20: 2.7299
MA50: 2.9268
MA100: 2.9955
MAexp7: 2.7765
MAexp20: 2.7607
MAexp50: 2.7438
MAexp100: 2.7463
Price / MA7: +1.82%
Price / MA20: +2.44%
Price / MA50: -4.45%
Price / MA100: -6.64%
Price / MAexp7: +0.72%
Price / MAexp20: +1.30%
Price / MAexp50: +1.92%
Price / MAexp100: +1.83%

Quotes : - 15 min delayed data - Actions Espagne