BBVA - Daily - Technical analysis published on 10/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 4.7654 EUR
My targets
5.0818 EUR (+4.03%)
5.2990 EUR (+8.47%)
My analysis
The bullish trend is currently very strong on BBVA. As long as the price remains above the support at 4.7654 EUR, you could try to benefit from the boom. The first bullish objective is located at 5.0818 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.2990 EUR as an objective. Crossing it would then enable buyers to target 5.5990 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BBVA price is 4.8850 EUR. The price registered a decrease of -0.02% on the session and was traded between 4.8420 EUR and 4.9300 EUR over the period. The price is currently at +0.89% from its lowest and -0.91% from its highest.4.8420
4.9300
4.8850
Here is a more detailed summary of the historical variations registered by BBVA:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of BBVA indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 4.2070 | 4.5090 | 4.7654 | 4.8850 | 5.0818 | 5.2990 | 5.5990 |
Change (%) | -13.88% | -7.70% | -2.45% | - | +4.03% | +8.47% | +14.62% |
Change | -0.6780 | -0.3760 | -0.1196 | - | +0.1968 | +0.4140 | +0.7140 |
Level | Minor | Intermediate | Major | - | Intermediate | Minor | 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 | 4.7438 | 4.8047 | 4.8453 | 4.9062 | 4.9468 | 5.0077 | 5.0483 |
Camarilla | 4.8581 | 4.8674 | 4.8767 | 4.8860 | 4.8953 | 4.9046 | 4.9139 |
Woodie | 4.7338 | 4.7996 | 4.8353 | 4.9011 | 4.9368 | 5.0026 | 5.0383 |
Fibonacci | 4.8047 | 4.8434 | 4.8674 | 4.9062 | 4.9449 | 4.9689 | 5.0077 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4.3293 | 4.4582 | 4.6183 | 4.7472 | 4.9073 | 5.0362 | 5.1963 |
Camarilla | 4.6990 | 4.7255 | 4.7520 | 4.7785 | 4.8050 | 4.8315 | 4.8580 |
Woodie | 4.3450 | 4.4660 | 4.6340 | 4.7550 | 4.9230 | 5.0440 | 5.2120 |
Fibonacci | 4.4582 | 4.5686 | 4.6368 | 4.7472 | 4.8576 | 4.9258 | 5.0362 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.6432 | 3.8968 | 4.2870 | 4.5406 | 4.9308 | 5.1843 | 5.5746 |
Camarilla | 4.5002 | 4.5592 | 4.6182 | 4.6772 | 4.7362 | 4.7952 | 4.8542 |
Woodie | 3.7115 | 3.9309 | 4.3553 | 4.5747 | 4.9991 | 5.2185 | 5.6429 |
Fibonacci | 3.8968 | 4.1427 | 4.2946 | 4.5406 | 4.7865 | 4.9384 | 5.1843 |
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): | 63.17 | |
MACD (12,26,9): | 0.1018 | |
Directional Movement: | 18.7070 | |
AROON (14): | 85.7142 | |
DEMA (21): | 4.8448 | |
Parabolic SAR (0,02-0,02-0,2): | 4.6817 | |
Elder Ray (13): | 0.1075 | |
Super Trend (3,10): | 4.5587 | |
Zig ZAG (10): | 4.8850 | |
VORTEX (21): | 1.0998 | |
Stochastique (14,3,5): | 90.01 | |
TEMA (21): | 4.9043 | |
Williams %R (14): | -13.63 | |
Chande Momentum Oscillator (20): | 0.4764 | |
Repulse (5,40,3): | 0.7301 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2410 | |
Courbe Coppock: | 16.29 |
MA7: | 4.8519 | |
MA20: | 4.6630 | |
MA50: | 4.5170 | |
MA100: | 4.6001 | |
MAexp7: | 4.8456 | |
MAexp20: | 4.7220 | |
MAexp50: | 4.6207 | |
MAexp100: | 4.6394 | |
Price / MA7: | +0.68% | |
Price / MA20: | +4.76% | |
Price / MA50: | +8.15% | |
Price / MA100: | +6.19% | |
Price / MAexp7: | +0.81% | |
Price / MAexp20: | +3.45% | |
Price / MAexp50: | +5.72% | |
Price / MAexp100: | +5.29% |
News
Don"t forget to follow the news on BBVA. At the time of publication of this analysis, the latest news was as follows:
- BBVA in Argentina Announces Third Quarter 2019 Financial Results Schedule
- Chef Joan Roca serves up two spectacular meals for diners at the Fairmont Austin
- BBVA USA September Recap: Sustainability, open platform and industry recognitions
- BBVA USA names John Chan as Director of Community Development Capital
- BBVA USA receives third Gold Status Health Achievement Award from American Heart Association
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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