CVB FINANCIAL CORP. - Daily - Technical analysis published on 12/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 20.55 USD
My targets
21.51 USD (+1.51%)
21.97 USD (+3.68%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CVB FINANCIAL CORP.. As long as you are above the support located at 20.55 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 21.51 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 21.97 USD as an objective. Crossing it would then enable buyers to target 22.19 USD. If the support 20.55 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.3
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CVB FINANCIAL CORP. rating 21.19 USD. On the day, this instrument lost -0.80% with the lowest point at 21.12 USD and the highest point at 21.48 USD. The deviation from the price is +0.33% for the low point and -1.35% for the high point.21.12
21.48
21.19
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of CVB FINANCIAL CORP. indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.05 | 20.55 | 21.03 | 21.19 | 21.51 | 21.97 | 22.19 |
| Change (%) | -5.38% | -3.02% | -0.76% | - | +1.51% | +3.68% | +4.72% |
| Change | -1.14 | -0.64 | -0.16 | - | +0.32 | +0.78 | +1.00 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.12 | 21.22 | 21.29 | 21.40 | 21.47 | 21.57 | 21.64 |
| Camarilla | 21.31 | 21.33 | 21.34 | 21.36 | 21.38 | 21.39 | 21.41 |
| Woodie | 21.10 | 21.21 | 21.27 | 21.39 | 21.45 | 21.56 | 21.62 |
| Fibonacci | 21.22 | 21.29 | 21.33 | 21.40 | 21.47 | 21.51 | 21.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.70 | 20.91 | 21.14 | 21.35 | 21.58 | 21.79 | 22.02 |
| Camarilla | 21.24 | 21.28 | 21.32 | 21.36 | 21.40 | 21.44 | 21.48 |
| Woodie | 20.70 | 20.92 | 21.14 | 21.36 | 21.58 | 21.80 | 22.02 |
| Fibonacci | 20.91 | 21.08 | 21.19 | 21.35 | 21.52 | 21.63 | 21.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.01 | 20.42 | 20.89 | 21.30 | 21.77 | 22.18 | 22.65 |
| Camarilla | 21.12 | 21.20 | 21.28 | 21.36 | 21.44 | 21.52 | 21.60 |
| Woodie | 20.04 | 20.44 | 20.92 | 21.32 | 21.80 | 22.20 | 22.68 |
| Fibonacci | 20.42 | 20.76 | 20.96 | 21.30 | 21.64 | 21.84 | 22.18 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.96 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | -4.83 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 21.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.71 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 20.63 | |
| Zig ZAG (10): | 21.19 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 59.20 | |
| TEMA (21): | 21.34 | |
| Williams %R (14): | -65.52 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | -1.7400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.01 |
| MA7: | 21.29 | |
| MA20: | 21.34 | |
| MA50: | 21.00 | |
| MA100: | 20.95 | |
| MAexp7: | 21.30 | |
| MAexp20: | 21.26 | |
| MAexp50: | 21.13 | |
| MAexp100: | 21.08 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -0.70% | |
| Price / MA50: | +0.90% | |
| Price / MA100: | +1.15% | |
| Price / MAexp7: | -0.52% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.52% |
News
Don"t forget to follow the news on CVB FINANCIAL CORP.. At the time of publication of this analysis, the latest news was as follows:
- CVB Financial Corp. Announces Third Quarter 2019 Earnings Release Date, Conference Call and Webcast
- CVB Financial Corp. Announces 120th Consecutive Cash Dividend
- 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.
This member declared not having a position on this financial instrument or a related financial instrument.
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