BANCO BILBAO VIZCAYA ARGENTARIA S.A. - Daily - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 10.50 USD
My targets
12.08 USD (+3.90%)
12.76 USD (+9.69%)
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 10.50 USD. The buyers' bullish objective is set at 12.08 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.76 USD. If there is any crossing, the next objective would be the resistance located at 13.95 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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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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 11.63 USD. On the day, this instrument gained +3.38% and was traded between 11.54 USD and 11.81 USD over the period. The price is currently at +0.78% from its lowest and -1.52% from its highest.11.54
11.81
11.63
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:
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 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 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 market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 9.10 | 10.50 | 11.53 | 11.63 |
| Change (%) | -21.75% | -9.72% | -0.86% | - |
| Change | -2.53 | -1.13 | -0.10 | - |
| Level | Intermediate | 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 | 10.94 | 11.02 | 11.13 | 11.21 | 11.32 | 11.40 | 11.51 |
| Camarilla | 11.20 | 11.22 | 11.23 | 11.25 | 11.27 | 11.29 | 11.30 |
| Woodie | 10.97 | 11.03 | 11.16 | 11.22 | 11.35 | 11.41 | 11.54 |
| Fibonacci | 11.02 | 11.09 | 11.13 | 11.21 | 11.28 | 11.32 | 11.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.82 | 10.16 | 10.47 | 10.81 | 11.12 | 11.46 | 11.77 |
| Camarilla | 10.61 | 10.67 | 10.73 | 10.79 | 10.85 | 10.91 | 10.97 |
| Woodie | 9.82 | 10.15 | 10.47 | 10.80 | 11.12 | 11.45 | 11.77 |
| Fibonacci | 10.16 | 10.41 | 10.56 | 10.81 | 11.06 | 11.21 | 11.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.34 | 9.02 | 10.21 | 10.89 | 12.08 | 12.76 | 13.95 |
| Camarilla | 10.90 | 11.07 | 11.24 | 11.41 | 11.58 | 11.75 | 11.92 |
| Woodie | 8.61 | 9.15 | 10.48 | 11.02 | 12.35 | 12.89 | 14.22 |
| Fibonacci | 9.02 | 9.73 | 10.17 | 10.89 | 11.60 | 12.04 | 12.76 |
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): | 63.44 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 21.79 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 11.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.61 | |
| Elder Ray (13): | 0.52 | |
| Super Trend (3,10): | 10.79 | |
| Zig ZAG (10): | 11.64 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 76.07 | |
| TEMA (21): | 11.20 | |
| Williams %R (14): | -13.26 | |
| Chande Momentum Oscillator (20): | 0.50 | |
| Repulse (5,40,3): | 1.7100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 2.64 |
| MA7: | 11.20 | |
| MA20: | 11.14 | |
| MA50: | 10.69 | |
| MA100: | 9.77 | |
| MAexp7: | 11.25 | |
| MAexp20: | 11.10 | |
| MAexp50: | 10.66 | |
| MAexp100: | 9.97 | |
| Price / MA7: | +3.84% | |
| Price / MA20: | +4.40% | |
| Price / MA50: | +8.79% | |
| Price / MA100: | +19.04% | |
| Price / MAexp7: | +3.38% | |
| Price / MAexp20: | +4.77% | |
| Price / MAexp50: | +9.10% | |
| Price / MAexp100: | +16.65% |
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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