BB&T CORP. - Daily - Technical analysis published on 10/28/2019 (GMT)
- Who voted?
- 136
- 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 : Daily
- - Analysis generated on
- Status : INVALID
BB&T CORP. Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 53.46 USD
My targets
56.03 USD (+4.57%)
My analysis
BB&T CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 53.46 USD. The next resistance located at 56.03 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.4
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 Vincent Launay.
Additional analysis
Quotes
BB&T CORP. rating 53.58 USD. The price registered an increase of +1.00% on the session and was traded between 52.98 USD and 53.81 USD over the period. The price is currently at +1.13% from its lowest and -0.43% from its highest.52.98
53.81
53.58
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BB&T CORP.:
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 BB&T CORP. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 48.52 | 51.83 | 53.46 | 53.58 | 56.03 |
| Change (%) | -9.44% | -3.27% | -0.22% | - | +4.57% |
| Change | -5.06 | -1.75 | -0.12 | - | +2.45 |
| Level | Minor | Major | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.83 | 52.31 | 52.68 | 53.16 | 53.53 | 54.01 | 54.38 |
| Camarilla | 52.82 | 52.89 | 52.97 | 53.05 | 53.13 | 53.21 | 53.28 |
| Woodie | 51.78 | 52.28 | 52.63 | 53.13 | 53.48 | 53.98 | 54.33 |
| Fibonacci | 52.31 | 52.64 | 52.84 | 53.16 | 53.49 | 53.69 | 54.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.73 | 50.56 | 51.62 | 52.45 | 53.51 | 54.34 | 55.40 |
| Camarilla | 52.15 | 52.32 | 52.50 | 52.67 | 52.84 | 53.02 | 53.19 |
| Woodie | 49.84 | 50.62 | 51.73 | 52.51 | 53.62 | 54.40 | 55.51 |
| Fibonacci | 50.56 | 51.29 | 51.73 | 52.45 | 53.18 | 53.62 | 54.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.00 | 43.66 | 48.52 | 51.18 | 56.04 | 58.70 | 63.56 |
| Camarilla | 51.30 | 51.99 | 52.68 | 53.37 | 54.06 | 54.75 | 55.44 |
| Woodie | 42.09 | 44.21 | 49.61 | 51.73 | 57.13 | 59.25 | 64.65 |
| Fibonacci | 43.66 | 46.54 | 48.31 | 51.18 | 54.06 | 55.83 | 58.70 |
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): | 62.25 | |
| MACD (12,26,9): | 0.6300 | |
| Directional Movement: | 4.86 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 53.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 51.37 | |
| Elder Ray (13): | 0.57 | |
| Super Trend (3,10): | 50.76 | |
| Zig ZAG (10): | 53.58 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 81.56 | |
| TEMA (21): | 53.35 | |
| Williams %R (14): | -12.08 | |
| Chande Momentum Oscillator (20): | 2.59 | |
| Repulse (5,40,3): | 0.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 5.99 |
| MA7: | 53.16 | |
| MA20: | 52.30 | |
| MA50: | 50.72 | |
| MA100: | 49.76 | |
| MAexp7: | 53.16 | |
| MAexp20: | 52.51 | |
| MAexp50: | 51.32 | |
| MAexp100: | 50.22 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +2.45% | |
| Price / MA50: | +5.64% | |
| Price / MA100: | +7.68% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | +2.04% | |
| Price / MAexp50: | +4.40% | |
| Price / MAexp100: | +6.69% |
News
The latest news and videos published on BB&T CORP. at the time of the analysis were as follows:
- BB&T Announces Redemption of Certain Depositary Shares
- BB&T Decreases Prime Lending Rate
- BB&T Announces Third-Quarter Dividends
- BB&T shareholders approve merger of equals with SunTrust
- SunTrust Shareholders Approve Merger with BB&T to Form Truist
This 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 BB&T CORP. - Daily