
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Description generated automatically from public sources; it may be inaccurate or out of date.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 September 4, 2026, computed on the last 12 months of prices.
21 sessions
12.69 €
+1.42%
50 sessions
12.38 €
+3.90%
200 sessions
10.76 €
+19.62%
s2
12.66
Support
s1
12.78
Support
pivot
12.84
Pivot
r1
12.96
Resistance
r2
13.03
Resistance
In the September 4, 2026 session Banco Santander, S.A. closed lower at 12.87 €, −0.26% versus the previous session.
The price sits above every moving average observed: +1.42% against the 21-session average, +3.90% against the 50 and +19.62% against the 200.
The 14-period RSI reads 58.9, in neutral territory.
MACD stands at 0.119 against a signal line at 0.118: the histogram is positive (+0.000).
ADX reads 15.3, indicating weak directionality.
Levels computed on the latest session place supports at 12.78 and 12.66 € and resistances at 12.96 and 13.03 €, around a pivot of 12.84.
The average daily range (ATR) is 0.236 €, or 1.83% of price.
Turnover was 12.4M shares, 70% of the 20-session average.
Over the last twelve months the price ranged between 0.00 and 13.12 €, and today stands −1.92% 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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