BANCO BILBAO VIZCAYA ARGENTARIA S.A. - 1H - Technical analysis published on 01/04/2024 (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
78%
6%
17%
My opinion
Bullish above 9.09 USD
My targets
9.45 USD (+2.38%)
9.52 USD (+3.14%)
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 9.09 USD, you could try to benefit from the boom. The first bullish objective is located at 9.45 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.52 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
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
BANCO BILBAO VIZCAYA ARGENTARIA S.A. rating 9.23 USD. The price has increased by +1.99% since the last closing with the lowest point at 9.16 USD and the highest point at 9.24 USD. The deviation from the price is +0.76% for the low point and -0.11% for the high point.9.16
9.24
9.23
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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. 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 is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 9.02 | 9.09 | 9.21 | 9.23 | 9.45 | 9.52 |
| Change (%) | -2.28% | -1.52% | -0.22% | - | +2.38% | +3.14% |
| Change | -0.21 | -0.14 | -0.02 | - | +0.22 | +0.29 |
| Level | Major | Minor | Major | - | Major | Minor |
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 | 8.95 | 8.98 | 9.02 | 9.05 | 9.09 | 9.12 | 9.16 |
| Camarilla | 9.03 | 9.04 | 9.04 | 9.05 | 9.06 | 9.06 | 9.07 |
| Woodie | 8.95 | 8.98 | 9.02 | 9.05 | 9.09 | 9.12 | 9.16 |
| Fibonacci | 8.98 | 9.01 | 9.03 | 9.05 | 9.08 | 9.10 | 9.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.92 | 8.97 | 9.04 | 9.09 | 9.16 | 9.21 | 9.28 |
| Camarilla | 9.08 | 9.09 | 9.10 | 9.11 | 9.12 | 9.13 | 9.14 |
| Woodie | 8.93 | 8.98 | 9.05 | 9.10 | 9.17 | 9.22 | 9.29 |
| Fibonacci | 8.97 | 9.02 | 9.04 | 9.09 | 9.14 | 9.16 | 9.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.21 | 8.51 | 8.81 | 9.11 | 9.41 | 9.71 | 10.01 |
| Camarilla | 8.95 | 9.00 | 9.06 | 9.11 | 9.17 | 9.22 | 9.28 |
| Woodie | 8.21 | 8.51 | 8.81 | 9.11 | 9.41 | 9.71 | 10.01 |
| Fibonacci | 8.51 | 8.74 | 8.88 | 9.11 | 9.34 | 9.48 | 9.71 |
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): | 63.88 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 15.11 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 9.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.02 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 9.06 | |
| Zig ZAG (10): | 9.24 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 70.28 | |
| TEMA (21): | 9.14 | |
| Williams %R (14): | -2.27 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.7600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.51 |
| MA7: | 9.13 | |
| MA20: | 9.09 | |
| MA50: | 8.81 | |
| MA100: | 8.33 | |
| MAexp7: | 9.14 | |
| MAexp20: | 9.12 | |
| MAexp50: | 9.10 | |
| MAexp100: | 9.08 | |
| Price / MA7: | +1.10% | |
| Price / MA20: | +1.54% | |
| Price / MA50: | +4.77% | |
| Price / MA100: | +10.80% | |
| Price / MAexp7: | +0.98% | |
| Price / MAexp20: | +1.21% | |
| Price / MAexp50: | +1.43% | |
| Price / MAexp100: | +1.65% |
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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