CVB FINANCIAL CORP. - Daily - Technical analysis published on 07/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 21.03 USD
My targets
21.52 USD (+0.37%)
21.97 USD (+2.47%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on CVB FINANCIAL CORP. as long as the price remains well above 21.03 USD. The buyers” bullish objective is set at 21.52 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 21.97 USD. If there is any crossing, the next objective would be the resistance located at 22.51 USD.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CVB FINANCIAL CORP. rating 21.44 USD. The price has increased by +2.39% since the last closing and was between 20.78 USD and 21.72 USD. This implies that the price is at +3.18% from its lowest and at -1.29% from its highest.20.78
21.72
21.44
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CVB FINANCIAL CORP. chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.89 | 20.55 | 21.03 | 21.44 | 21.52 | 21.97 | 22.51 |
| Change (%) | -7.23% | -4.15% | -1.91% | - | +0.37% | +2.47% | +4.99% |
| Change | -1.55 | -0.89 | -0.41 | - | +0.08 | +0.53 | +1.07 |
| Level | Major | Major | Intermediate | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.12 | 20.30 | 20.62 | 20.80 | 21.12 | 21.30 | 21.62 |
| Camarilla | 20.80 | 20.85 | 20.89 | 20.94 | 20.99 | 21.03 | 21.08 |
| Woodie | 20.19 | 20.34 | 20.69 | 20.84 | 21.19 | 21.34 | 21.69 |
| Fibonacci | 20.30 | 20.49 | 20.61 | 20.80 | 20.99 | 21.11 | 21.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.06 | 19.58 | 19.97 | 20.49 | 20.88 | 21.40 | 21.79 |
| Camarilla | 20.12 | 20.20 | 20.29 | 20.37 | 20.45 | 20.54 | 20.62 |
| Woodie | 19.01 | 19.55 | 19.92 | 20.46 | 20.83 | 21.37 | 21.74 |
| Fibonacci | 19.58 | 19.92 | 20.14 | 20.49 | 20.83 | 21.05 | 21.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.15 | 19.80 | 20.41 | 21.06 | 21.67 | 22.32 | 22.93 |
| Camarilla | 20.68 | 20.80 | 20.92 | 21.03 | 21.15 | 21.26 | 21.38 |
| Woodie | 19.14 | 19.79 | 20.40 | 21.05 | 21.66 | 22.31 | 22.92 |
| Fibonacci | 19.80 | 20.28 | 20.58 | 21.06 | 21.54 | 21.84 | 22.32 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.09 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | 12.42 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 20.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.11 | |
| Elder Ray (13): | 0.42 | |
| Super Trend (3,10): | 21.55 | |
| Zig ZAG (10): | 21.44 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 64.68 | |
| TEMA (21): | 20.77 | |
| Williams %R (14): | -17.18 | |
| Chande Momentum Oscillator (20): | 0.69 | |
| Repulse (5,40,3): | 3.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 1.71 |
| MA7: | 20.72 | |
| MA20: | 20.85 | |
| MA50: | 21.02 | |
| MA100: | 21.25 | |
| MAexp7: | 20.86 | |
| MAexp20: | 20.86 | |
| MAexp50: | 21.03 | |
| MAexp100: | 21.26 | |
| Price / MA7: | +3.47% | |
| Price / MA20: | +2.83% | |
| Price / MA50: | +2.00% | |
| Price / MA100: | +0.89% | |
| Price / MAexp7: | +2.78% | |
| Price / MAexp20: | +2.78% | |
| Price / MAexp50: | +1.95% | |
| Price / MAexp100: | +0.85% |
News
The last news published on CVB FINANCIAL CORP. at the time of the generation of this analysis was as follows:
- Investor Network: CVB Financial Corp. to Host Earnings Call
- Investor Network: CVB Financial Corp. to Host Earnings Call
- Valley Commerce Bancorp Announces Special Cash Dividend In Connection With Merger With CVB Financial Corp.
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CVB Financial
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CVB Financial
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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