Banco Santander, S.A. (SAN)

The MACD is below its signal line and negative.

Our pivot point is at 4.17.

Our preference: the downside prevails as long as 4.17 is resistance.

Alternative scenario: the upside breakout of 4.17 would call for 4.33 and 4.43.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 4.18 and 4.12). Santander is currently trading near its 52 week low at 3.8 reached on 27/12/18.

Supports and resistances:
4.43 **
4.33 *
4.17 **
4.1
3.9995 (EUR-last)
3.79
3.69 **
3.59 *
3.49 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-13-2019 at 11:30 UTC+1
Price reference: 4.00 last known on 02-13-2019 at 11:30 UTC+1
Investment horizon: ST

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