BANCO BILBAO VIZCAYA ARGENTARIA S.A. - 1H - Technical analysis published on 03/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
11%
6%
My opinion
Bullish above 10.93 USD
My targets
11.40 USD (+2.33%)
11.87 USD (+6.55%)
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 10.93 USD, you could try to benefit from the boom. The first bullish objective is located at 11.40 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.87 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.
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
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Additional analysis
Quotes
BANCO BILBAO VIZCAYA ARGENTARIA S.A. rating 11.14 USD. On the day, this instrument gained +2.58% and was traded between 10.96 USD and 11.15 USD over the period. The price is currently at +1.64% from its lowest and -0.09% from its highest.10.96
11.15
11.14
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BANCO BILBAO VIZCAYA ARGENTARIA S.A.:
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
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this BANCO BILBAO VIZCAYA ARGENTARIA S.A. chart shows a strongly bullish trend. 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 10.23 | 10.76 | 10.93 | 11.14 |
| Change (%) | -8.17% | -3.41% | -1.89% | - |
| Change | -0.91 | -0.38 | -0.21 | - |
| Level | Intermediate | Minor | 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 | 10.74 | 10.77 | 10.82 | 10.85 | 10.90 | 10.93 | 10.98 |
| Camarilla | 10.84 | 10.85 | 10.85 | 10.86 | 10.87 | 10.88 | 10.88 |
| Woodie | 10.74 | 10.78 | 10.82 | 10.86 | 10.90 | 10.94 | 10.98 |
| Fibonacci | 10.77 | 10.80 | 10.82 | 10.85 | 10.88 | 10.90 | 10.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.56 | 9.86 | 10.33 | 10.63 | 11.10 | 11.40 | 11.87 |
| Camarilla | 10.59 | 10.66 | 10.73 | 10.80 | 10.87 | 10.94 | 11.01 |
| Woodie | 9.65 | 9.90 | 10.42 | 10.67 | 11.19 | 11.44 | 11.96 |
| Fibonacci | 9.86 | 10.15 | 10.34 | 10.63 | 10.92 | 11.11 | 11.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.55 | 8.95 | 9.45 | 9.85 | 10.35 | 10.75 | 11.25 |
| Camarilla | 9.70 | 9.79 | 9.87 | 9.95 | 10.03 | 10.12 | 10.20 |
| Woodie | 8.60 | 8.98 | 9.50 | 9.88 | 10.40 | 10.78 | 11.30 |
| Fibonacci | 8.95 | 9.29 | 9.51 | 9.85 | 10.19 | 10.41 | 10.75 |
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): | 82.01 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | 42.25 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 11.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.80 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 10.96 | |
| Zig ZAG (10): | 11.12 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 96.61 | |
| TEMA (21): | 11.07 | |
| Williams %R (14): | -7.69 | |
| Chande Momentum Oscillator (20): | 0.32 | |
| Repulse (5,40,3): | 1.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 3.14 |
| MA7: | 10.66 | |
| MA20: | 10.22 | |
| MA50: | 9.62 | |
| MA100: | 9.16 | |
| MAexp7: | 11.02 | |
| MAexp20: | 10.88 | |
| MAexp50: | 10.65 | |
| MAexp100: | 10.39 | |
| Price / MA7: | +4.50% | |
| Price / MA20: | +9.00% | |
| Price / MA50: | +15.80% | |
| Price / MA100: | +21.62% | |
| Price / MAexp7: | +1.09% | |
| Price / MAexp20: | +2.39% | |
| Price / MAexp50: | +4.60% | |
| Price / MAexp100: | +7.22% |
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.
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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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