BANKINTER - Daily - Technical analysis published on 02/02/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 6.285 EUR
My targets
6.844 EUR (+3.32%)
My analysis
The basic bullish trend is very strong on BANKINTER but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 6.285 EUR. Crossing the first resistance at 6.844 EUR would be a sign of a potential new surge in the price. Caution, a return to below 6.285 EUR would be a sign of a consolidation phase in the short-term basic trend. 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
7.5
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BANKINTER rating 6.624 EUR. The price is lower by -0.48% since the last closing and was traded between 6.604 EUR and 6.790 EUR over the period. The price is currently at +0.30% from its lowest and -2.44% from its highest.6.604
6.790
6.624
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BANKINTER indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.986 | 5.561 | 6.285 | 6.624 | 6.844 |
| Change (%) | -24.73% | -16.05% | -5.12% | - | +3.32% |
| Change | -1.638 | -1.063 | -0.339 | - | +0.220 |
| Level | Minor | Major | Major | - | Major |
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 | 6.556 | 6.588 | 6.622 | 6.654 | 6.688 | 6.720 | 6.754 |
| Camarilla | 6.638 | 6.644 | 6.650 | 6.656 | 6.662 | 6.668 | 6.674 |
| Woodie | 6.557 | 6.589 | 6.623 | 6.655 | 6.689 | 6.721 | 6.755 |
| Fibonacci | 6.588 | 6.613 | 6.629 | 6.654 | 6.679 | 6.695 | 6.720 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.137 | 6.231 | 6.363 | 6.457 | 6.589 | 6.683 | 6.815 |
| Camarilla | 6.434 | 6.455 | 6.475 | 6.496 | 6.517 | 6.537 | 6.558 |
| Woodie | 6.157 | 6.241 | 6.383 | 6.467 | 6.609 | 6.693 | 6.835 |
| Fibonacci | 6.231 | 6.317 | 6.370 | 6.457 | 6.543 | 6.596 | 6.683 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.441 | 5.781 | 6.201 | 6.541 | 6.961 | 7.301 | 7.721 |
| Camarilla | 6.411 | 6.481 | 6.550 | 6.620 | 6.690 | 6.759 | 6.829 |
| Woodie | 5.480 | 5.801 | 6.240 | 6.561 | 7.000 | 7.321 | 7.760 |
| Fibonacci | 5.781 | 6.072 | 6.251 | 6.541 | 6.832 | 7.011 | 7.301 |
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): | 61.47 | |
| MACD (12,26,9): | 0.0680 | |
| Directional Movement: | 9.986 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 6.606 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.232 | |
| Elder Ray (13): | 0.158 | |
| Super Trend (3,10): | 6.850 | |
| Zig ZAG (10): | 6.660 | |
| VORTEX (21): | 0.9940 | |
| Stochastique (14,3,5): | 81.13 | |
| TEMA (21): | 6.577 | |
| Williams %R (14): | -19.46 | |
| Chande Momentum Oscillator (20): | 0.180 | |
| Repulse (5,40,3): | 0.8860 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1580 | |
| Courbe Coppock: | 2.95 |
| MA7: | 6.541 | |
| MA20: | 6.561 | |
| MA50: | 6.312 | |
| MA100: | 6.076 | |
| MAexp7: | 6.573 | |
| MAexp20: | 6.507 | |
| MAexp50: | 6.332 | |
| MAexp100: | 6.075 | |
| Price / MA7: | +1.27% | |
| Price / MA20: | +0.96% | |
| Price / MA50: | +4.94% | |
| Price / MA100: | +9.02% | |
| Price / MAexp7: | +0.78% | |
| Price / MAexp20: | +1.80% | |
| Price / MAexp50: | +4.61% | |
| Price / MAexp100: | +9.04% |
Quotes :
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15 min delayed data
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Spain Stocks
BankinterThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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