SAN

Banco Santander S.A. Financial Services - Banking Investor Relations →

NO
130.2% ABOVE
↑ Moving away Was 121.6% last week
-15% -10% -5% 0% 5% 10% 15%+
Buy Threshold $5.86
14-Week RSI 72
Rel. Volume (14w) This week's trading vs. the 14-week average 1.1x
Buyers vs. Sellers (14w) Are up-weeks or down-weeks getting more volume? 1.06

Banco Santander S.A. (SAN) closed at $13.50 as of 2026-06-19, trading 130.2% above its 200-week moving average of $5.86. The stock moved further from the line this week, up from 121.6% last week. With a 14-week RSI of 72, SAN is in overbought territory.

Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.06 ratio) is neutral — neither side is clearly dominating.

Over the past 1981 weeks of data, SAN has crossed below its 200-week moving average 30 times. On average, these episodes lasted 28 weeks. The average one-year return after crossing below was -2.6%, suggesting these dips have not historically been reliable buying opportunities for this stock.

With a market cap of $193.7 billion, SAN is a large-cap stock. Return on equity stands at 12.9%. The stock trades at 1.7x book value.

The company has been aggressively buying back shares, reducing its share count by 12.6% over the past three years.

Over the past 33.5 years, a hypothetical investment of $100 in SAN would have grown to $2469, compared to $3097 for the S&P 500. SAN has returned 10.0% annualized vs 10.8% for the index, underperforming the broader market over this period.

Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.

Business Health

Annual financials — how the underlying business has performed over the past several years.

Cash Flow Free cash flow & net income ($M)

Revenue Annual revenue ($M) — business growth proxy

Total Debt Balance sheet debt ($M)

ROIC Return on invested capital (%)

FCF Yield Free cash flow / market cap (%) — Yartseva signal

Gross Margin Pricing power & competitive moat (%)

Shares Outstanding Buybacks vs dilution (millions)

Growth of $100: SAN vs S&P 500

Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.

What Happens After SAN Crosses Below the Line?

Across 23 historical episodes, buying SAN when it crossed below its 200-week moving average produced an average return of +3.8% after 12 months (median +1.0%), compared to +8.5% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +7.2% vs +22.8% for the index.

Each line shows $100 invested at the moment SAN crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.

Dislocation Scores Experimental

Each score measures deviation from SAN's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.

⚠ Earnings quality deteriorating — net income is outrunning free cash flow vs this company's own norm. Cheapness signals here deserve extra scrutiny.
Yield Dislocation -1.67σ Dividend yield vs own 10-yr norm
Drawdown Score -2.91σ Distance from line vs own history
Sector-Relative -3.13σ Vs sector median this week
Buyback Acceleration +1.4pp YoY share change vs own 3-yr pace (− = accelerating)
Insider Intensity N/A TTM buys / market cap, percentile of buyers
FCF Yield vs History N/A Vs own recent annual mean
Earnings Quality Deteriorating Accrual gap trend (+27.7pp of revenue)

Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.

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Historical Touches

SAN has crossed below its 200-week MA 30 times with an average 1-year return of +-2.6% after recovery.

Crossed BelowRecoveredWeeksMax Depth1-Year ReturnReturn Since Touch
May 1989Jul 1989118.5%-4.9%+2031.9%
Aug 1989Sep 198962.3%-6.3%+2001.3%
Oct 1989Dec 1989104.1%-9.8%+1966.7%
Jan 1990Jul 19902631.8%-11.0%+1996.1%
Jul 1990Nov 19901523.9%-0.7%+2056.8%
Nov 1990Dec 199014.4%-10.1%+2124.4%
Dec 1990Jan 199169.7%-13.5%+2148.3%
Jun 1991May 19924618.9%+4.4%+2185.5%
Jun 1992Jun 199212.4%+6.7%+2088.6%
Jul 1992Apr 19934026.2%+3.3%+2228.6%
Jul 1993Jul 199310.3%+8.5%+2153.2%
May 1994Jul 1994610.3%+13.4%+2176.1%
Jan 1995Jan 199532.0%+43.2%+2042.5%
Feb 1995Apr 199569.6%+44.1%+2054.9%
Nov 2000Dec 200022.0%-0.8%+481.4%
Mar 2001Apr 200168.9%-4.4%+460.0%
May 2001Jun 200310543.9%+0.7%+446.4%
Oct 2008Jul 20094162.3%+39.3%+194.4%
Feb 2010Mar 201046.6%+1.4%+160.9%
Mar 2010Mar 201021.8%-8.1%+145.3%
Apr 2010Oct 20102533.5%-5.3%+147.5%
Oct 2010Jan 201311543.2%-23.7%+146.9%
Jan 2013Sep 20133219.9%+16.2%+196.5%
Jan 2015Jan 201512.5%-33.5%+201.2%
Jan 2015Feb 201512.6%-34.8%+202.2%
Mar 2015Mar 201511.2%-23.2%+198.6%
Aug 2015Apr 20178941.3%-31.7%+197.3%
May 2018May 202115660.2%-18.1%+212.6%
Jun 2021Jan 20223320.6%-25.9%+305.6%
Feb 2022Jan 20234531.6%+8.0%+344.9%
Average28+-2.6%

Frequently Asked Questions

Is SAN below its 200-week moving average?

No. Banco Santander S.A. (SAN) is currently 130.2% above its 200-week moving average of $5.86. It would need to fall to $5.86 to cross below the line.

What is SAN's 200-week moving average price?

Banco Santander S.A.'s 200-week moving average is $5.86 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.

What happens when SAN drops below its 200-week moving average?

SAN has crossed below its 200-week moving average 30 times in our data. The average one-year return after these crossings was -2.6%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 28 weeks on average.

Is SAN a good value right now?

Here's what our data says about SAN as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 72 (overbought). Return on equity is 12.9%. Price-to-book is 1.7x. This is not a buy or sell recommendation — always do your own research.

How does SAN compare to the S&P 500?

Over the past 33.5 years, $100 invested in SAN would have grown to $2469, compared to $3097 for the S&P 500. That's 10.0% annualized vs 10.8% for the index. SAN has underperformed the broader market over this period.

Does SAN pay a dividend?

Yes. Banco Santander S.A. currently pays a dividend yield of 208.00%.

Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.

Data as of week of 2026-06-19