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BFF BANK
BFF BANK
- EUR (-)
- 15 min delayed data - Italy Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: BFF
ISIN: IT0005244402

BFF BANK - Daily - Technical analysis published on 02/12/2020 (GMT)

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Londinia
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 5.62 EUR
My targets
5.90 EUR (+2.97%)
6.25 EUR (+9.08%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BANCA FARMAFACTORING as long as the price remains well above 5.62 EUR. The buyers” bullish objective is set at 5.90 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.25 EUR. If there is any crossing, the next objective would be the resistance located at 6.63 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

BANCA FARMAFACTORING rating 5.73 EUR. On the day, this instrument gained -0.17% and was traded between 5.68 EUR and 5.79 EUR over the period. The price is currently at +0.88% from its lowest and -1.04% from its highest.

5.68
5.79
5.73

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this BANCA FARMAFACTORING 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Dark cloud cover

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.96 5.22 5.62 5.73 5.77 5.90 6.25
Change (%) -13.44% -8.90% -1.92% - +0.70% +2.97% +9.08%
Change -0.77 -0.51 -0.11 - +0.04 +0.17 +0.52
Level Minor Intermediate Major - Major Minor Minor



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
Standard5.525.575.635.685.745.795.85
Camarilla5.655.665.675.685.695.705.71
Woodie5.525.575.635.685.745.795.85
Fibonacci5.575.625.645.685.735.755.79


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.145.335.445.635.745.936.04
Camarilla5.475.505.525.555.585.615.63
Woodie5.105.315.405.615.705.916.00
Fibonacci5.335.455.525.635.755.825.93


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.644.935.245.535.846.136.44
Camarilla5.395.445.505.555.615.665.72
Woodie4.654.945.255.545.856.146.45
Fibonacci4.935.165.305.535.765.906.13

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): 64.25
MACD (12,26,9): 0.0800
Directional Movement: 11.35
AROON (14): 35.71
DEMA (21): 5.70
Parabolic SAR (0,02-0,02-0,2): 5.53
Elder Ray (13): 0.05
Super Trend (3,10): 5.49
Zig ZAG (10): 5.74
VORTEX (21): 1.1200
Stochastique (14,3,5): 65.50
TEMA (21): 5.73
Williams %R (14): -26.67
Chande Momentum Oscillator (20): 0.07
Repulse (5,40,3): 1.0400
ROCnROLL: 1
TRIX (15,9): 0.2100
Courbe Coppock: 5.59
MA7: 5.65
MA20: 5.61
MA50: 5.45
MA100: 5.29
MAexp7: 5.68
MAexp20: 5.60
MAexp50: 5.48
MAexp100: 5.34
Price / MA7: +1.42%
Price / MA20: +2.14%
Price / MA50: +5.14%
Price / MA100: +8.32%
Price / MAexp7: +0.88%
Price / MAexp20: +2.32%
Price / MAexp50: +4.56%
Price / MAexp100: +7.30%

This member declared not having a position on this financial instrument or a related financial instrument.

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