BANCO BBVA ARGENTINA S.A. ADS - Weekly - Technical analysis published on 11/28/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 12.76 USD
My targets
17.15 USD (+4.83%)
19.85 USD (+21.33%)
My analysis
The bullish trend is currently very strong on BANCO BBVA ARGENTINA S.A. ADS. As long as the price remains above the support at 12.76 USD, you could try to benefit from the boom. The first bullish objective is located at 17.15 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 19.85 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.
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
8.4
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This analysis was given by alejojaimes. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BANCO BBVA ARGENTINA S.A. ADS rating is 16.36 USD. Over 5 days, this instrument lost -0.24% and has been traded over the last 5 days between 15.96 USD and 17.18 USD. This implies that the 5 day price is +2.51% from its lowest point and -4.77% from its highest point.15.96
17.18
16.36
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BANCO BBVA ARGENTINA S.A. ADS:
Technical
A technical analysis in Weekly of this BANCO BBVA ARGENTINA S.A. ADS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Weekly
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
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 5.40 | 7.75 | 10.01 | 16.36 |
| Change (%) | -66.99% | -52.63% | -38.81% | - |
| Change | -10.96 | -8.61 | -6.35 | - |
| Level | Minor | Major | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.19 | 15.69 | 16.03 | 16.53 | 16.87 | 17.37 | 17.71 |
| Camarilla | 16.13 | 16.21 | 16.28 | 16.36 | 16.44 | 16.51 | 16.59 |
| Woodie | 15.10 | 15.65 | 15.94 | 16.49 | 16.78 | 17.33 | 17.62 |
| Fibonacci | 15.69 | 16.01 | 16.21 | 16.53 | 16.85 | 17.05 | 17.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.30 | 14.62 | 15.59 | 16.91 | 17.88 | 19.20 | 20.17 |
| Camarilla | 15.92 | 16.13 | 16.34 | 16.55 | 16.76 | 16.97 | 17.18 |
| Woodie | 13.12 | 14.53 | 15.41 | 16.82 | 17.70 | 19.11 | 19.99 |
| Fibonacci | 14.62 | 15.50 | 16.04 | 16.91 | 17.79 | 18.33 | 19.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.68 | 8.37 | 11.07 | 12.76 | 15.46 | 17.15 | 19.85 |
| Camarilla | 12.56 | 12.97 | 13.37 | 13.77 | 14.17 | 14.58 | 14.98 |
| Woodie | 7.19 | 8.62 | 11.58 | 13.01 | 15.97 | 17.40 | 20.36 |
| Fibonacci | 8.37 | 10.05 | 11.08 | 12.76 | 14.44 | 15.47 | 17.15 |
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): | 76.01 | |
| MACD (12,26,9): | 2.0800 | |
| Directional Movement: | 29.36 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 15.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.13 | |
| Elder Ray (13): | 2.94 | |
| Super Trend (3,10): | 12.12 | |
| Zig ZAG (10): | 16.36 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 84.86 | |
| TEMA (21): | 15.99 | |
| Williams %R (14): | -20.77 | |
| Chande Momentum Oscillator (20): | 5.36 | |
| Repulse (5,40,3): | 5.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.5100 | |
| Courbe Coppock: | 114.98 |
| MA7: | 16.79 | |
| MA20: | 15.84 | |
| MA50: | 13.36 | |
| MA100: | 11.42 | |
| MAexp7: | 14.99 | |
| MAexp20: | 12.50 | |
| MAexp50: | 9.69 | |
| MAexp100: | 7.48 | |
| Price / MA7: | -2.56% | |
| Price / MA20: | +3.28% | |
| Price / MA50: | +22.46% | |
| Price / MA100: | +43.26% | |
| Price / MAexp7: | +9.14% | |
| Price / MAexp20: | +30.88% | |
| Price / MAexp50: | +68.83% | |
| Price / MAexp100: | +118.72% |
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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