Short term opinion: Limited decline
Short term Evol.:
Mid term opinion: Consolidation
Mid term Evol.:
Supports: 4,03 / 3,95 / 3,86
Resistances: 4,44 / 4,58 / 4,66
Santander ST: the downside prevails as long as 4.44 is resistance
Alternative scenario: above 4.44, look for 4.58 and 4.66.
Our pivot point is at 4.44.
Our preference: the downside prevails as long as 4.44 is resistance.
Alternative scenario: the upside breakout of 4.44 would call for 4.58 and 4.66.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 4.39 and 4.38). Santander is currently trading near its 52 week low at 4.14 reached on 07/09/18.
Supports and resistances:
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-12-2018 at 11:58 UTC+1
Price reference: 4.32 last known on 10-12-2018 at 11:58 UTC+1
Investment horizon: ST
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Legend: * = Intermediate level ** = Strong level *** = Very strong level
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