BANKINTER - 1H - Technical analysis published on 01/19/2024 (GMT)
- 196
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 5.908 EUR
My targets
5.787 EUR (-0.87%)
5.654 EUR (-3.15%)
My analysis
BANKINTER is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.908 EUR. The next support located at 5.787 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.654 EUR. Below this support, sellers could then target 5.504 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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
The BANKINTER rating is 5.838 EUR. The price registered a decrease of -0.07% on the session and was between 5.816 EUR and 5.900 EUR. This implies that the price is at +0.38% from its lowest and at -1.05% from its highest.5.816
5.900
5.838
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BANKINTER indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.504 | 5.654 | 5.787 | 5.838 | 5.839 | 5.908 | 6.022 |
| Change (%) | -5.72% | -3.15% | -0.87% | - | +0.02% | +1.20% | +3.15% |
| Change | -0.334 | -0.184 | -0.051 | - | +0.001 | +0.070 | +0.184 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | 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 | 5.613 | 5.697 | 5.769 | 5.853 | 5.925 | 6.009 | 6.081 |
| Camarilla | 5.799 | 5.813 | 5.828 | 5.842 | 5.856 | 5.871 | 5.885 |
| Woodie | 5.608 | 5.694 | 5.764 | 5.850 | 5.920 | 6.006 | 6.076 |
| Fibonacci | 5.697 | 5.756 | 5.793 | 5.853 | 5.912 | 5.949 | 6.009 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.604 | 5.756 | 5.908 | 6.060 | 6.212 | 6.364 | 6.516 |
| Camarilla | 5.976 | 6.004 | 6.032 | 6.060 | 6.088 | 6.116 | 6.144 |
| Woodie | 5.604 | 5.756 | 5.908 | 6.060 | 6.212 | 6.364 | 6.516 |
| Fibonacci | 5.756 | 5.872 | 5.944 | 6.060 | 6.176 | 6.248 | 6.364 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.795 | 5.210 | 5.503 | 5.918 | 6.211 | 6.626 | 6.919 |
| Camarilla | 5.601 | 5.666 | 5.731 | 5.796 | 5.861 | 5.926 | 5.991 |
| Woodie | 4.734 | 5.180 | 5.442 | 5.888 | 6.150 | 6.596 | 6.858 |
| Fibonacci | 5.210 | 5.481 | 5.648 | 5.918 | 6.189 | 6.356 | 6.626 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.94 | |
| MACD (12,26,9): | -0.0280 | |
| Directional Movement: | 2.645 | |
| AROON (14): | 0 | |
| DEMA (21): | 5.832 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.798 | |
| Elder Ray (13): | -0.004 | |
| Super Trend (3,10): | 5.945 | |
| Zig ZAG (10): | 5.844 | |
| VORTEX (21): | 0.9570 | |
| Stochastique (14,3,5): | 40.11 | |
| TEMA (21): | 5.834 | |
| Williams %R (14): | -64.29 | |
| Chande Momentum Oscillator (20): | -0.022 | |
| Repulse (5,40,3): | -0.3810 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0860 | |
| Courbe Coppock: | 0.26 |
| MA7: | 5.952 | |
| MA20: | 5.938 | |
| MA50: | 6.011 | |
| MA100: | 5.906 | |
| MAexp7: | 5.851 | |
| MAexp20: | 5.873 | |
| MAexp50: | 5.925 | |
| MAexp100: | 5.950 | |
| Price / MA7: | -1.92% | |
| Price / MA20: | -1.68% | |
| Price / MA50: | -2.88% | |
| Price / MA100: | -1.15% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -1.47% | |
| Price / MAexp100: | -1.88% |
Quotes :
-
15 min delayed data
-
Spain Stocks
BankinterThis member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis BANKINTER - 1H