
Technical analysis of Banco Santander, S.A. (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
Banco Santander, S.A. is a bank providing financial services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide. Through its five operating segments (Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments), it offers deposits, current accounts, mortgages, financing solutions, investment banking services, wealth management, credit and debit cards, and digital payment solutions. The company also operates in related sectors including portfolio management, leasing, securitization, and financial advisory services.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 20, 2026, computed on the last 12 months of prices.
21 sessions
12.21 €
−3.99%
50 sessions
12.50 €
−6.14%
200 sessions
11.21 €
+4.63%
s2
11.58
Support
s1
11.68
Support
pivot
11.79
Pivot
r1
11.89
Resistance
r2
12.01
Resistance
In the October 20, 2026 session Banco Santander, S.A. closed lower at 11.73 €, −0.37% versus the previous session.
The price sits mixed against its moving averages: −3.99% against the 21-session average, −6.14% against the 50 and +4.63% against the 200.
The 14-period RSI reads 37.6, in neutral territory.
MACD stands at -0.181 against a signal line at -0.143: the histogram is negative (−0.039).
ADX reads 18.8, indicating weak directionality.
Levels computed on the latest session place supports at 11.68 and 11.58 € and resistances at 11.89 and 12.01 €, around a pivot of 11.79.
The average daily range (ATR) is 0.297 €, or 2.53% of price.
Turnover was 24.8M shares, 117% of the 20-session average.
Over the last twelve months the price ranged between 10.01 and 13.12 €, and today stands −10.61% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is Banco Santander, S.A. analysed technically?
Technical analysis of Banco Santander, S.A. is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Banco Santander, S.A.?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Banco Santander, S.A.?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Banco Santander, S.A. it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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