Saturday, October 1

Banco Santander: This is the level that the value must exceed

Banco Santander will end the year with a rise in the stock market close to 14% which, although it is a positive balance, is far from the 28% of BBVA, almost 40% of Bankinter and the generous 65% of Banco Sabadell. Caixabank will be behind, with a rise of just over 12%.

In today’s session, the bank opened with a bearish gap that it later covered. “We hope that the price will cover the gap”, points out the independent analyst Ramón Bermejo, which would be an increase of 4.40%, which would coincide with the upper side of the unfolded channel that can be seen in the graph, up to a level of 3.0555 euros.

The value would give a positive signal if it manages to close today above the closing price of yesterday’s session, at 2,931 euros.

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