BANCO BILBAO VIZCAYA ARGENTARIA S.A. - 1H - Technical analysis published on 09/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
44%
28%
My opinion
Bullish above 10.65 USD
My targets
10.99 USD (+1.29%)
11.11 USD (+2.40%)
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 10.65 USD, you could try to benefit from the boom. The first bullish objective is located at 10.99 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.11 USD as an objective. Crossing it would then enable buyers to target 11.75 USD. 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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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 BANCO BILBAO VIZCAYA ARGENTARIA S.A. rating is 10.85 USD. On the day, this instrument lost -0.09% and was traded between 10.85 USD and 10.92 USD over the period. The price is currently at 0% from its lowest and -0.64% from its highest.10.85
10.92
10.85
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BANCO BILBAO VIZCAYA ARGENTARIA S.A. in 1H shows a strongly overall 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 scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.97 | 10.65 | 10.85 | 10.85 | 10.99 | 11.11 | 11.75 |
| Change (%) | -8.11% | -1.84% | 0% | - | +1.29% | +2.40% | +8.29% |
| Change | -0.88 | -0.20 | 0 | - | +0.14 | +0.26 | +0.90 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Major |
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 | 10.67 | 10.76 | 10.81 | 10.90 | 10.95 | 11.04 | 11.09 |
| Camarilla | 10.82 | 10.83 | 10.85 | 10.86 | 10.87 | 10.89 | 10.90 |
| Woodie | 10.65 | 10.75 | 10.79 | 10.89 | 10.93 | 11.03 | 11.07 |
| Fibonacci | 10.76 | 10.81 | 10.85 | 10.90 | 10.95 | 10.99 | 11.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.80 | 10.07 | 10.46 | 10.73 | 11.12 | 11.39 | 11.78 |
| Camarilla | 10.68 | 10.74 | 10.80 | 10.86 | 10.92 | 10.98 | 11.04 |
| Woodie | 9.87 | 10.10 | 10.53 | 10.76 | 11.19 | 11.42 | 11.85 |
| Fibonacci | 10.07 | 10.32 | 10.48 | 10.73 | 10.98 | 11.14 | 11.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.40 | 8.86 | 9.75 | 10.21 | 11.10 | 11.56 | 12.45 |
| Camarilla | 10.28 | 10.40 | 10.53 | 10.65 | 10.77 | 10.90 | 11.02 |
| Woodie | 8.63 | 8.97 | 9.98 | 10.32 | 11.33 | 11.67 | 12.68 |
| Fibonacci | 8.86 | 9.37 | 9.69 | 10.21 | 10.72 | 11.04 | 11.56 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.24 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 19.82 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 10.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.98 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 10.75 | |
| Zig ZAG (10): | 10.87 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 57.07 | |
| TEMA (21): | 10.95 | |
| Williams %R (14): | -63.89 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 3.52 |
| MA7: | 10.63 | |
| MA20: | 10.37 | |
| MA50: | 10.36 | |
| MA100: | 10.40 | |
| MAexp7: | 10.89 | |
| MAexp20: | 10.80 | |
| MAexp50: | 10.58 | |
| MAexp100: | 10.42 | |
| Price / MA7: | +2.07% | |
| Price / MA20: | +4.63% | |
| Price / MA50: | +4.73% | |
| Price / MA100: | +4.33% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +2.55% | |
| Price / MAexp100: | +4.13% |
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.
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