BANCO BILBAO VIZCAYA ARGENTARIA S.A. - 1H - Technical analysis published on 06/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
67%
17%
17%
My opinion
Bullish above 9.61 USD
My targets
10.22 USD (+1.59%)
10.56 USD (+4.97%)
My analysis
The strong short-term increase in BANCO BILBAO VIZCAYA ARGENTARIA S.A. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 9.61 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 10.22 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.56 USD as an objective. Crossing it would then enable buyers to target 10.74 USD. Caution, a return under 9.61 USD could jeopardize the reversal.
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
2.3
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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 10.06 USD. The price has increased by +3.29% since the last closing with the lowest point at 10.00 USD and the highest point at 10.10 USD. The deviation from the price is +0.60% for the low point and -0.40% for the high point.10.00
10.10
10.06
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of BANCO BILBAO VIZCAYA ARGENTARIA S.A. indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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
Momentum indicator is back under 0
Type : Bearish
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.10 | 9.47 | 9.61 | 10.06 | 10.22 | 10.56 | 10.74 |
| Change (%) | -9.54% | -5.86% | -4.47% | - | +1.59% | +4.97% | +6.76% |
| Change | -0.96 | -0.59 | -0.45 | - | +0.16 | +0.50 | +0.68 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.54 | 9.62 | 9.68 | 9.76 | 9.82 | 9.90 | 9.96 |
| Camarilla | 9.70 | 9.71 | 9.73 | 9.74 | 9.75 | 9.77 | 9.78 |
| Woodie | 9.53 | 9.62 | 9.67 | 9.76 | 9.81 | 9.90 | 9.95 |
| Fibonacci | 9.62 | 9.67 | 9.71 | 9.76 | 9.81 | 9.85 | 9.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.14 | 9.41 | 9.57 | 9.84 | 10.00 | 10.27 | 10.43 |
| Camarilla | 9.62 | 9.66 | 9.70 | 9.74 | 9.78 | 9.82 | 9.86 |
| Woodie | 9.10 | 9.38 | 9.53 | 9.81 | 9.96 | 10.24 | 10.39 |
| Fibonacci | 9.41 | 9.57 | 9.67 | 9.84 | 10.00 | 10.10 | 10.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.31 | 9.74 | 10.33 | 10.76 | 11.35 | 11.78 | 12.37 |
| Camarilla | 10.63 | 10.72 | 10.82 | 10.91 | 11.00 | 11.10 | 11.19 |
| Woodie | 9.38 | 9.78 | 10.40 | 10.80 | 11.42 | 11.82 | 12.44 |
| Fibonacci | 9.74 | 10.13 | 10.37 | 10.76 | 11.15 | 11.39 | 11.78 |
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): | 59.71 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 17.80 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 9.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.74 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 9.81 | |
| Zig ZAG (10): | 10.05 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 90.12 | |
| TEMA (21): | 10.00 | |
| Williams %R (14): | -12.35 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.49 |
| MA7: | 9.86 | |
| MA20: | 10.33 | |
| MA50: | 10.64 | |
| MA100: | 10.49 | |
| MAexp7: | 9.98 | |
| MAexp20: | 9.92 | |
| MAexp50: | 9.96 | |
| MAexp100: | 10.12 | |
| Price / MA7: | +2.03% | |
| Price / MA20: | -2.61% | |
| Price / MA50: | -5.45% | |
| Price / MA100: | -4.10% | |
| Price / MAexp7: | +0.80% | |
| Price / MAexp20: | +1.41% | |
| Price / MAexp50: | +1.00% | |
| Price / MAexp100: | -0.59% |
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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