In the accumulated of 2022, CaixaBank leads the ranking of the Ibex 35 on the rise side, and already has rises of 38%. follows him Bankinterwith an accumulated 26% and the third is the Sabadell Bank, which adds up to 20%. Instead, BBVA 13% is left and the Santander Bank cut already this year 18%.
From a technical point of view, the one that would be doing the best is Bankinter. The important thing now would be to look at the relative behavior that this type of bank has been having, explains Franco Macchiavelli, of Activotrade. Bankinter It has risen from minimum to maximum 28% in the last four weeks, as we see in the graph:
On the contrary, Santander Bank It has corrected almost all of the previous upward movement that they have had with the news of interest rate hikes and the deposit rate. Bankinter It is the one that is having the best behavior with respect to that correction after the rise. In the case of Bankinter, the correction of this previous rise is around 20-25%. While Santander has already corrected almost everything. “The key to this point is to observe the behavior between one bank and another (…), this tells us the relative strength that a bank has over the rest of the banks in general that are in the same sector.” The technical development of Bankinter about the rest is more positive.
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