Down -11.62% in 4 Weeks, Here's Why Banco Santander (SAN) Looks Ripe for a Turnaround

17.06.24 15:35 Uhr

Werte in diesem Artikel
Aktien

4,43 EUR -0,03 EUR -0,75%

Indizes

PKT PKT

500,1 PKT -4,2 PKT -0,84%

4.827,2 PKT -42,9 PKT -0,88%

11.087,5 PKT -60,0 PKT -0,54%

7.458,3 PKT -63,3 PKT -0,84%

4.415,4 PKT -26,8 PKT -0,60%

Banco Santander (SAN) has been beaten down lately with too much selling pressure. While the stock has lost 11.6% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.Why a Trend Reversal is Due for SANThe RSI reading of 29.24 for SAN is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for SAN has increased 0.8%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.Moreover, SAN currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Highest Returns for Any Asset ClassIt’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.Hurry, Download Special Report – It’s FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Banco Santander, S.A. (SAN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Quelle: Zacks

Nachrichten zu Santander S.A. (Banco Santander Central Hispano)

Analysen zu Santander S.A. (Banco Santander Central Hispano)

DatumRatingAnalyst
17.07.2024Santander BuyUBS AG
12.07.2024Santander NeutralJP Morgan Chase & Co.
09.07.2024Santander Sector PerformRBC Capital Markets
24.06.2024Santander BuyJefferies & Company Inc.
24.05.2024Santander BuyJefferies & Company Inc.
DatumRatingAnalyst
17.07.2024Santander BuyUBS AG
24.06.2024Santander BuyJefferies & Company Inc.
24.05.2024Santander BuyJefferies & Company Inc.
21.05.2024Santander BuyDeutsche Bank AG
02.05.2024Santander BuyUBS AG
DatumRatingAnalyst
12.07.2024Santander NeutralJP Morgan Chase & Co.
09.07.2024Santander Sector PerformRBC Capital Markets
24.05.2024Santander Sector PerformRBC Capital Markets
13.05.2024Santander NeutralJP Morgan Chase & Co.
07.05.2024Santander Sector PerformRBC Capital Markets
DatumRatingAnalyst
28.07.2021Santander UnderperformJefferies & Company Inc.
15.07.2021Santander UnderperformJefferies & Company Inc.
07.06.2021Santander UnderperformJefferies & Company Inc.
25.02.2021Santander UnderperformJefferies & Company Inc.
03.02.2021Santander UnderperformJefferies & Company Inc.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Santander S.A. (Banco Santander Central Hispano) nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"