BANCO SANTANDER S.A. SPONSORED ADR SPAI - 1H - Technical analysis published on 12/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 4.84 USD
My targets
5.04 USD (+2.65%)
5.12 USD (+4.28%)
My analysis
The basic bullish trend is very strong on BANCO SANTANDER S.A. SPONSORED ADR SPAI but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 4.84 USD. Crossing the first resistance at 5.04 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 5.12 USD as an objective. Crossing it would then enable buyers to target 6.02 USD. Caution, a return to below 4.84 USD would be a sign of a consolidation phase in the short-term basic trend. 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
8.2
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Additional analysis
Quotes
The BANCO SANTANDER S.A. SPONSORED ADR SPAI rating is 4.91 USD. On the day, this instrument gained +1.24% and was traded between 4.86 USD and 4.91 USD over the period. The price is currently at +1.03% from its lowest and 0% from its highest.4.86
4.91
4.91
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BANCO SANTANDER S.A. SPONSORED ADR SPAI:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BANCO SANTANDER S.A. SPONSORED ADR SPAI chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.64 | 4.75 | 4.84 | 4.91 | 4.92 | 5.04 | 5.12 |
| Change (%) | -5.50% | -3.26% | -1.43% | - | +0.20% | +2.65% | +4.28% |
| Change | -0.27 | -0.16 | -0.07 | - | +0.01 | +0.13 | +0.21 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.83 | 4.84 | 4.88 | 4.89 | 4.93 | 4.94 | 4.98 |
| Camarilla | 4.90 | 4.90 | 4.91 | 4.91 | 4.92 | 4.92 | 4.92 |
| Woodie | 4.84 | 4.85 | 4.89 | 4.90 | 4.94 | 4.95 | 4.99 |
| Fibonacci | 4.84 | 4.86 | 4.87 | 4.89 | 4.91 | 4.92 | 4.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.76 | 4.80 | 4.85 | 4.89 | 4.94 | 4.98 | 5.03 |
| Camarilla | 4.89 | 4.89 | 4.90 | 4.91 | 4.92 | 4.93 | 4.94 |
| Woodie | 4.78 | 4.80 | 4.87 | 4.89 | 4.96 | 4.98 | 5.05 |
| Fibonacci | 4.80 | 4.83 | 4.85 | 4.89 | 4.92 | 4.94 | 4.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.86 | 4.18 | 4.40 | 4.72 | 4.94 | 5.26 | 5.48 |
| Camarilla | 4.46 | 4.51 | 4.56 | 4.61 | 4.66 | 4.71 | 4.76 |
| Woodie | 3.80 | 4.16 | 4.34 | 4.70 | 4.88 | 5.24 | 5.42 |
| Fibonacci | 4.18 | 4.39 | 4.52 | 4.72 | 4.93 | 5.06 | 5.26 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.55 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 7.42 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 4.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.85 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 4.84 | |
| Zig ZAG (10): | 4.91 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 95.53 | |
| TEMA (21): | 4.89 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.48 |
| MA7: | 4.88 | |
| MA20: | 4.75 | |
| MA50: | 4.81 | |
| MA100: | 4.75 | |
| MAexp7: | 4.90 | |
| MAexp20: | 4.88 | |
| MAexp50: | 4.85 | |
| MAexp100: | 4.81 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +3.37% | |
| Price / MA50: | +2.08% | |
| Price / MA100: | +3.37% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +1.24% | |
| Price / MAexp100: | +2.08% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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