BANCO BILBAO VIZCAYA ARGENTARIA S.A. - Daily - Technical analysis published on 11/08/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 8.08 USD
My targets
8.64 USD (+3.72%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BANCO BILBAO VIZCAYA ARGENTARIA S.A. as long as the price remains well above 8.08 USD. The buyers' bullish objective is set at 8.64 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.9
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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. rating is 8.33 USD. The price has increased by +1.46% since the last closing and was between 8.33 USD and 8.39 USD. This implies that the price is at 0% from its lowest and at -0.72% from its highest.8.33
8.39
8.33
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BANCO BILBAO VIZCAYA ARGENTARIA S.A. indicates that the overall trend is strongly bullish. 92.86% 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 currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.93 | 7.44 | 8.08 | 8.33 | 8.64 |
| Change (%) | -16.81% | -10.68% | -3.00% | - | +3.72% |
| Change | -1.40 | -0.89 | -0.25 | - | +0.31 |
| Level | Major | Intermediate | Major | - | 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 | 8.11 | 8.14 | 8.18 | 8.21 | 8.25 | 8.28 | 8.32 |
| Camarilla | 8.19 | 8.20 | 8.20 | 8.21 | 8.22 | 8.22 | 8.23 |
| Woodie | 8.11 | 8.14 | 8.18 | 8.21 | 8.25 | 8.28 | 8.32 |
| Fibonacci | 8.14 | 8.17 | 8.19 | 8.21 | 8.24 | 8.26 | 8.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.39 | 7.57 | 7.92 | 8.10 | 8.45 | 8.63 | 8.98 |
| Camarilla | 8.11 | 8.16 | 8.21 | 8.26 | 8.31 | 8.36 | 8.41 |
| Woodie | 7.47 | 7.61 | 8.00 | 8.14 | 8.53 | 8.67 | 9.06 |
| Fibonacci | 7.57 | 7.78 | 7.90 | 8.10 | 8.31 | 8.43 | 8.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.11 | 7.44 | 7.63 | 7.96 | 8.15 | 8.48 | 8.67 |
| Camarilla | 7.69 | 7.74 | 7.78 | 7.83 | 7.88 | 7.93 | 7.97 |
| Woodie | 7.05 | 7.41 | 7.57 | 7.93 | 8.09 | 8.45 | 8.61 |
| Fibonacci | 7.44 | 7.64 | 7.76 | 7.96 | 8.16 | 8.28 | 8.48 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.06 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 18.06 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 8.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.81 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 7.93 | |
| Zig ZAG (10): | 8.35 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 88.17 | |
| TEMA (21): | 8.18 | |
| Williams %R (14): | -5.60 | |
| Chande Momentum Oscillator (20): | 0.42 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.95 |
| MA7: | 8.14 | |
| MA20: | 8.03 | |
| MA50: | 7.92 | |
| MA100: | 7.82 | |
| MAexp7: | 8.17 | |
| MAexp20: | 8.05 | |
| MAexp50: | 7.94 | |
| MAexp100: | 7.73 | |
| Price / MA7: | +2.33% | |
| Price / MA20: | +3.74% | |
| Price / MA50: | +5.18% | |
| Price / MA100: | +6.52% | |
| Price / MAexp7: | +1.96% | |
| Price / MAexp20: | +3.48% | |
| Price / MAexp50: | +4.91% | |
| Price / MAexp100: | +7.76% |
Quotes :
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15 min delayed data
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NYSE Stocks
This 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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