BNP PARIBAS ACT.A - Daily - Technical analysis published on 07/21/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 54.78 EUR
My targets
61.84 EUR (+6.57%)
My analysis
The bullish trend is currently very strong on BNP PARIBAS ACT.A. As long as the price remains above the support at 54.78 EUR, you could try to benefit from the boom. The first bullish objective is located at 61.84 EUR. The bullish momentum would be boosted by a break in this resistance. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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 BNP PARIBAS ACT.A price is 58.03 EUR. The price registered a decrease of -0.03% on the session and was traded between 57.62 EUR and 58.47 EUR over the period. The price is currently at +0.71% from its lowest and -0.75% from its highest.57.62
58.47
58.03
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BNP PARIBAS ACT.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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 50.49 | 52.29 | 54.78 | 58.03 | 58.32 | 61.84 |
Change (%) | -12.99% | -9.89% | -5.60% | - | +0.50% | +6.57% |
Change | -7.54 | -5.74 | -3.25 | - | +0.29 | +3.81 |
Level | Intermediate | Minor | Intermediate | - | Major | 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 | 57.05 | 57.44 | 57.75 | 58.14 | 58.45 | 58.84 | 59.15 |
Camarilla | 57.86 | 57.92 | 57.99 | 58.05 | 58.11 | 58.18 | 58.24 |
Woodie | 57.00 | 57.42 | 57.70 | 58.12 | 58.40 | 58.82 | 59.10 |
Fibonacci | 57.44 | 57.71 | 57.88 | 58.14 | 58.41 | 58.58 | 58.84 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 52.65 | 53.72 | 55.18 | 56.25 | 57.71 | 58.78 | 60.24 |
Camarilla | 55.95 | 56.19 | 56.42 | 56.65 | 56.88 | 57.11 | 57.35 |
Woodie | 52.86 | 53.82 | 55.39 | 56.35 | 57.92 | 58.88 | 60.45 |
Fibonacci | 53.72 | 54.68 | 55.28 | 56.25 | 57.21 | 57.81 | 58.78 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 50.18 | 51.94 | 54.83 | 56.59 | 59.48 | 61.24 | 64.13 |
Camarilla | 56.44 | 56.87 | 57.29 | 57.72 | 58.15 | 58.57 | 59.00 |
Woodie | 50.75 | 52.22 | 55.40 | 56.87 | 60.05 | 61.52 | 64.70 |
Fibonacci | 51.94 | 53.72 | 54.81 | 56.59 | 58.37 | 59.46 | 61.24 |
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): | 59.48 | |
MACD (12,26,9): | 0.4300 | |
Directional Movement: | 5.69 | |
AROON (14): | -21.43 | |
DEMA (21): | 57.42 | |
Parabolic SAR (0,02-0,02-0,2): | 54.50 | |
Elder Ray (13): | 0.91 | |
Super Trend (3,10): | 55.02 | |
Zig ZAG (10): | 58.01 | |
VORTEX (21): | 1.0900 | |
Stochastique (14,3,5): | 78.03 | |
TEMA (21): | 57.57 | |
Williams %R (14): | -22.04 | |
Chande Momentum Oscillator (20): | 0.66 | |
Repulse (5,40,3): | 0.2900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0600 | |
Courbe Coppock: | 2.61 |
MA7: | 57.43 | |
MA20: | 56.75 | |
MA50: | 56.34 | |
MA100: | 55.00 | |
MAexp7: | 57.50 | |
MAexp20: | 56.91 | |
MAexp50: | 56.26 | |
MAexp100: | 55.35 | |
Price / MA7: | +1.04% | |
Price / MA20: | +2.26% | |
Price / MA50: | +3.00% | |
Price / MA100: | +5.51% | |
Price / MAexp7: | +0.92% | |
Price / MAexp20: | +1.97% | |
Price / MAexp50: | +3.15% | |
Price / MAexp100: | +4.84% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on BNP PARIBAS ACT.A. At the time of publication of this analysis, the latest news was as follows:
- BNP PARIBAS group: Share buyback - declaration of transactions in own shares from 3 July to 7 July 2023
- BNP PARIBAS group: Share buyback - declaration of transactions in own shares from 26 June to 30 June 2023
- BNP PARIBAS GROUP: Share buyback - declaration of transactions in own shares from 19 to 23 June 2023
- BNP PARIBAS GROUP: Share buyback - declaration of transactions in own shares from 12 to 16 June 2023
- BNP PARIBAS GROUP: Share buyback - declaration of transactions in own shares from 5 to 9 June 2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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