BANCO BILBAO VIZCAYA ARGENTARIA S.A.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	BBVA
ISIN:

BANCO BILBAO VIZCAYA ARGENTARIA S.A. - 1H - Technical analysis published on 10/10/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

BANCO BILBAO VIZCAYA ARGENTARIA S.A. - 1H

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 7.96 USD

My targets

8.19 USD (+0.86%)

8.64 USD (+6.40%)

My analysis

The bullish trend is currently very strong on BANCO BILBAO VIZCAYA ARGENTARIA S.A.. As long as the price remains above the support at 7.96 USD, you could try to benefit from the boom. The first bullish objective is located at 8.19 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.64 USD as an objective. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

Comment on the analysis

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 BANCO BILBAO VIZCAYA ARGENTARIA S.A. price is 8.12 USD. The price has increased by +3.18% since the last closing and was between 8.11 USD and 8.13 USD. This implies that the price is at +0.12% from its lowest and at -0.12% from its highest.

8.11

8.13

8.12

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this BANCO BILBAO VIZCAYA ARGENTARIA S.A. chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	7.88	7.96	8.08	8.12	8.19	8.64
Change (%)	-2.96%	-1.97%	-0.49%	-	+0.86%	+6.40%
Change	-0.24	-0.16	-0.04	-	+0.07	+0.52
Level	Minor	Intermediate	Major	-	Intermediate	Intermediate

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	7.74	7.77	7.82	7.85	7.90	7.93	7.98
Camarilla	7.85	7.86	7.86	7.87	7.88	7.89	7.89
Woodie	7.75	7.78	7.83	7.86	7.91	7.94	7.99
Fibonacci	7.77	7.80	7.82	7.85	7.88	7.90	7.93

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.44	7.63	7.81	8.00	8.18	8.37	8.55
Camarilla	7.90	7.93	7.97	8.00	8.03	8.07	8.10
Woodie	7.45	7.63	7.82	8.00	8.19	8.37	8.56
Fibonacci	7.63	7.77	7.86	8.00	8.14	8.23	8.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.80	7.10	7.58	7.88	8.36	8.66	9.14
Camarilla	7.84	7.91	7.98	8.05	8.12	8.19	8.27
Woodie	6.88	7.15	7.66	7.93	8.44	8.71	9.22
Fibonacci	7.10	7.40	7.59	7.88	8.18	8.37	8.66

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):	61.75
MACD (12,26,9):	-0.0300
Directional Movement:	15.07
AROON (14):	28.57
DEMA (21):	7.91
Parabolic SAR (0,02-0,02-0,2):	7.80
Elder Ray (13):	0.18
Super Trend (3,10):	7.89
Zig ZAG (10):	8.12
VORTEX (21):	1.0300
Stochastique (14,3,5):	49.03
TEMA (21):	7.89
Williams %R (14):	-3.03
Chande Momentum Oscillator (20):	0.09
Repulse (5,40,3):	0.1300
ROCnROLL:	1
TRIX (15,9):	-0.0600
Courbe Coppock:	2.82

MA7:	8.03
MA20:	7.90
MA50:	7.79
MA100:	7.60
MAexp7:	7.93
MAexp20:	7.95
MAexp50:	7.97
MAexp100:	7.94
Price / MA7:	+1.12%
Price / MA20:	+2.78%
Price / MA50:	+4.24%
Price / MA100:	+6.84%
Price / MAexp7:	+2.40%
Price / MAexp20:	+2.14%
Price / MAexp50:	+1.88%
Price / MAexp100:	+2.27%

Quotes : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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