BANCO BILBAO VIZCAYA ARGENTARIA S.A. - 1H - Technical analysis published on 08/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 10.22 USD
My targets
10.50 USD (+0.57%)
10.74 USD (+2.87%)
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 10.22 USD. The buyers' bullish objective is set at 10.50 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.74 USD. If there is any crossing, the next objective would be the resistance located at 11.11 USD.
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
7.1
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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 10.44 USD. On the day, this instrument gained +2.25% and was between 10.40 USD and 10.46 USD. This implies that the price is at +0.38% from its lowest and at -0.19% from its highest.10.40
10.46
10.44
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
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 bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.64 | 9.79 | 10.22 | 10.44 | 10.50 | 10.74 | 11.11 |
| Change (%) | -7.66% | -6.23% | -2.11% | - | +0.57% | +2.87% | +6.42% |
| Change | -0.80 | -0.65 | -0.22 | - | +0.06 | +0.30 | +0.67 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
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 | 10.03 | 10.06 | 10.14 | 10.17 | 10.25 | 10.28 | 10.36 |
| Camarilla | 10.18 | 10.19 | 10.20 | 10.21 | 10.22 | 10.23 | 10.24 |
| Woodie | 10.05 | 10.07 | 10.16 | 10.18 | 10.27 | 10.29 | 10.38 |
| Fibonacci | 10.06 | 10.11 | 10.13 | 10.17 | 10.22 | 10.24 | 10.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.33 | 9.50 | 9.86 | 10.03 | 10.39 | 10.56 | 10.92 |
| Camarilla | 10.06 | 10.11 | 10.16 | 10.21 | 10.26 | 10.31 | 10.36 |
| Woodie | 9.42 | 9.55 | 9.95 | 10.08 | 10.48 | 10.61 | 11.01 |
| Fibonacci | 9.50 | 9.71 | 9.83 | 10.03 | 10.24 | 10.36 | 10.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.83 | 9.42 | 9.98 | 10.57 | 11.13 | 11.72 | 12.28 |
| Camarilla | 10.22 | 10.33 | 10.44 | 10.54 | 10.65 | 10.75 | 10.86 |
| Woodie | 8.82 | 9.41 | 9.97 | 10.56 | 11.12 | 11.71 | 12.27 |
| Fibonacci | 9.42 | 9.86 | 10.13 | 10.57 | 11.01 | 11.28 | 11.72 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 87.56 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | 46.33 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 10.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.19 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 10.26 | |
| Zig ZAG (10): | 10.46 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 98.35 | |
| TEMA (21): | 10.36 | |
| Williams %R (14): | -0.18 | |
| Chande Momentum Oscillator (20): | 0.36 | |
| Repulse (5,40,3): | 0.6400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 5.55 |
| MA7: | 10.00 | |
| MA20: | 10.21 | |
| MA50: | 10.25 | |
| MA100: | 10.59 | |
| MAexp7: | 10.29 | |
| MAexp20: | 10.14 | |
| MAexp50: | 10.01 | |
| MAexp100: | 10.04 | |
| Price / MA7: | +4.40% | |
| Price / MA20: | +2.25% | |
| Price / MA50: | +1.85% | |
| Price / MA100: | -1.42% | |
| Price / MAexp7: | +1.46% | |
| Price / MAexp20: | +2.96% | |
| Price / MAexp50: | +4.30% | |
| Price / MAexp100: | +3.98% |
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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