BBVA

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BBVA
ISIN:	ES0113211835

BBVA - Daily - Technical analysis published on 08/22/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 9.600 EUR

My targets

9.020 EUR (-3.61%)

8.620 EUR (-7.89%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BBVA. As long as you are under the resistance located at 9.600 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 9.020 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 8.620 EUR as an objective. Crossing it would then enable sellers to target 7.713 EUR. If the resistance 9.600 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.4

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BBVA rating is 9.358 EUR. The price registered a decrease of -0.02% on the session and was between 9.306 EUR and 9.420 EUR. This implies that the price is at +0.56% from its lowest and at -0.66% from its highest.

9.306

9.420

9.358

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of BBVA indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.713	8.620	9.020	9.358	9.600	10.192	10.985
Change (%)	-17.58%	-7.89%	-3.61%	-	+2.59%	+8.91%	+17.39%
Change	-1.645	-0.738	-0.338	-	+0.242	+0.834	+1.627
Level	Intermediate	Major	Major	-	Minor	Major	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	9.101	9.185	9.273	9.357	9.445	9.529	9.617
Camarilla	9.313	9.329	9.344	9.360	9.376	9.392	9.407
Woodie	9.102	9.186	9.274	9.358	9.446	9.530	9.618
Fibonacci	9.185	9.251	9.292	9.357	9.423	9.464	9.529

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.563	8.705	8.969	9.111	9.375	9.517	9.781
Camarilla	9.120	9.158	9.195	9.232	9.269	9.306	9.344
Woodie	8.623	8.736	9.029	9.142	9.435	9.548	9.841
Fibonacci	8.705	8.860	8.956	9.111	9.266	9.362	9.517

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.259	8.763	9.233	9.737	10.207	10.711	11.181
Camarilla	9.436	9.525	9.615	9.704	9.793	9.883	9.972
Woodie	8.243	8.755	9.217	9.729	10.191	10.703	11.165
Fibonacci	8.763	9.135	9.365	9.737	10.109	10.339	10.711

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):	51.10
MACD (12,26,9):	-0.0790
Directional Movement:	1.643
AROON (14):	71.428
DEMA (21):	9.152
Parabolic SAR (0,02-0,02-0,2):	8.592
Elder Ray (13):	0.122
Super Trend (3,10):	9.454
Zig ZAG (10):	9.352
VORTEX (21):	0.8160
Stochastique (14,3,5):	84.69
TEMA (21):	9.156
Williams %R (14):	-10.28
Chande Momentum Oscillator (20):	0.734
Repulse (5,40,3):	0.9110
ROCnROLL:	-1
TRIX (15,9):	-0.2190
Courbe Coppock:	2.24

MA7:	9.260
MA20:	9.232
MA50:	9.434
MA100:	9.749
MAexp7:	9.268
MAexp20:	9.279
MAexp50:	9.438
MAexp100:	9.453
Price / MA7:	+1.06%
Price / MA20:	+1.36%
Price / MA50:	-0.81%
Price / MA100:	-4.01%
Price / MAexp7:	+0.97%
Price / MAexp20:	+0.85%
Price / MAexp50:	-0.85%
Price / MAexp100:	-1.00%

Quotes : - 15 min delayed data - Spain Stocks

News

The last news published on BBVA at the time of the generation of this analysis was as follows:

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

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