BANCO BBVA ARGENTINA S.A. ADS - Daily - Technical analysis published on 01/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 5.32 USD
My targets
5.69 USD (+2.86%)
6.11 USD (+10.49%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BANCO BBVA ARGENTINA S.A. ADS. This is a positive signal for buyers. As long as the price remains above 5.32 USD, a purchase could be considered. The first bullish objective is located at 5.69 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.11 USD as an objective. Crossing it would then enable buyers to target 10.93 USD. In the event of a return below 5.32 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BANCO BBVA ARGENTINA S.A. ADS rating 5.53 USD. The price is lower by -0.72% since the last closing and was between 5.42 USD and 5.78 USD. This implies that the price is at +2.03% from its lowest and at -4.33% from its highest.5.42
5.78
5.53
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BANCO BBVA ARGENTINA S.A. ADS:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of BANCO BBVA ARGENTINA S.A. ADS indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. 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.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
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
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.89 | 4.60 | 5.32 | 5.53 | 6.11 | 10.93 | 12.08 |
| Change (%) | -29.66% | -16.82% | -3.80% | - | +10.49% | +97.65% | +118.44% |
| Change | -1.64 | -0.93 | -0.21 | - | +0.58 | +5.40 | +6.55 |
| Level | Major | Major | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.25 | 5.38 | 5.48 | 5.61 | 5.70 | 5.83 | 5.93 |
| Camarilla | 5.51 | 5.53 | 5.55 | 5.57 | 5.59 | 5.61 | 5.63 |
| Woodie | 5.23 | 5.37 | 5.46 | 5.60 | 5.68 | 5.82 | 5.91 |
| Fibonacci | 5.38 | 5.47 | 5.52 | 5.61 | 5.69 | 5.75 | 5.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.77 | 4.39 | 5.07 | 5.69 | 6.36 | 6.98 | 7.66 |
| Camarilla | 5.38 | 5.50 | 5.62 | 5.74 | 5.86 | 5.98 | 6.10 |
| Woodie | 3.80 | 4.41 | 5.09 | 5.70 | 6.39 | 7.00 | 7.68 |
| Fibonacci | 4.39 | 4.89 | 5.19 | 5.69 | 6.18 | 6.49 | 6.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.30 | 2.45 | 4.01 | 5.16 | 6.72 | 7.87 | 9.43 |
| Camarilla | 4.83 | 5.07 | 5.32 | 5.57 | 5.82 | 6.07 | 6.32 |
| Woodie | 1.51 | 2.55 | 4.22 | 5.26 | 6.93 | 7.97 | 9.64 |
| Fibonacci | 2.45 | 3.49 | 4.13 | 5.16 | 6.20 | 6.84 | 7.87 |
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): | 65.71 | |
| MACD (12,26,9): | 0.4900 | |
| Directional Movement: | 24.52 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 5.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.29 | |
| Elder Ray (13): | 0.32 | |
| Super Trend (3,10): | 4.88 | |
| Zig ZAG (10): | 5.53 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 67.12 | |
| TEMA (21): | 5.93 | |
| Williams %R (14): | -35.94 | |
| Chande Momentum Oscillator (20): | 0.81 | |
| Repulse (5,40,3): | -4.9900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.5600 | |
| Courbe Coppock: | 70.42 |
| MA7: | 5.69 | |
| MA20: | 4.87 | |
| MA50: | 4.10 | |
| MA100: | 4.31 | |
| MAexp7: | 5.53 | |
| MAexp20: | 5.01 | |
| MAexp50: | 4.61 | |
| MAexp100: | 5.28 | |
| Price / MA7: | -2.81% | |
| Price / MA20: | +13.55% | |
| Price / MA50: | +34.88% | |
| Price / MA100: | +28.31% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +10.38% | |
| Price / MAexp50: | +19.96% | |
| Price / MAexp100: | +4.73% |
This member declared not having a position on this financial instrument or a related financial instrument.
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