Banco Santander, S.A. (NYSE:SAN) Dropped -3.0% – Here’s Why

In its latest trading session, Banco Santander, S.A. (NYSE:SAN) dropped by -3.0% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.053, an Accumulation/Distribution Index (ADI) of 0.053, an On-Balance Volume (OBV) of 14.385, and a Chaiikin Money Flow (CMF) of 4.32. 1.0

So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:

So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.