BANKINTER - 1H - Technical analysis published on 04/18/2024 (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
83%
6%
11%
My opinion
Bullish above 7.112 EUR
My targets
7.215 EUR (+0.79%)
7.317 EUR (+2.23%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BANKINTER as long as the price remains well above 7.112 EUR. The buyers' bullish objective is set at 7.215 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.317 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
7.5
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 BANKINTER rating is 7.158 EUR. The price has increased by +3.56% since the last closing and was between 6.784 EUR and 7.188 EUR. This implies that the price is at +5.51% from its lowest and at -0.42% from its highest.6.784
7.188
7.158
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BANKINTER indicates that the overall trend is strongly bullish. 82.14% 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.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 7.002 | 7.058 | 7.112 | 7.158 |
| Change (%) | -2.18% | -1.40% | -0.64% | - |
| Change | -0.156 | -0.100 | -0.046 | - |
| Level | Minor | Major | Intermediate | - |
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 | 6.685 | 6.747 | 6.829 | 6.891 | 6.973 | 7.035 | 7.117 |
| Camarilla | 6.872 | 6.886 | 6.899 | 6.912 | 6.925 | 6.938 | 6.952 |
| Woodie | 6.696 | 6.752 | 6.840 | 6.896 | 6.984 | 7.040 | 7.128 |
| Fibonacci | 6.747 | 6.802 | 6.836 | 6.891 | 6.946 | 6.980 | 7.035 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.447 | 6.635 | 6.737 | 6.925 | 7.027 | 7.215 | 7.317 |
| Camarilla | 6.760 | 6.787 | 6.813 | 6.840 | 6.867 | 6.893 | 6.920 |
| Woodie | 6.405 | 6.614 | 6.695 | 6.904 | 6.985 | 7.194 | 7.275 |
| Fibonacci | 6.635 | 6.745 | 6.814 | 6.925 | 7.035 | 7.104 | 7.215 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.147 | 5.499 | 6.141 | 6.493 | 7.135 | 7.487 | 8.129 |
| Camarilla | 6.509 | 6.600 | 6.691 | 6.782 | 6.873 | 6.964 | 7.055 |
| Woodie | 5.291 | 5.572 | 6.285 | 6.566 | 7.279 | 7.560 | 8.273 |
| Fibonacci | 5.499 | 5.879 | 6.114 | 6.493 | 6.873 | 7.108 | 7.487 |
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): | 76.00 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 12.306 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 7.002 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.800 | |
| Elder Ray (13): | 0.155 | |
| Super Trend (3,10): | 6.947 | |
| Zig ZAG (10): | 7.146 | |
| VORTEX (21): | 1.2910 | |
| Stochastique (14,3,5): | 91.64 | |
| TEMA (21): | 7.060 | |
| Williams %R (14): | -10.89 | |
| Chande Momentum Oscillator (20): | 0.244 | |
| Repulse (5,40,3): | 1.9330 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0320 | |
| Courbe Coppock: | 5.82 |
| MA7: | 6.934 | |
| MA20: | 6.878 | |
| MA50: | 6.346 | |
| MA100: | 6.140 | |
| MAexp7: | 7.039 | |
| MAexp20: | 6.951 | |
| MAexp50: | 6.927 | |
| MAexp100: | 6.904 | |
| Price / MA7: | +3.23% | |
| Price / MA20: | +4.07% | |
| Price / MA50: | +12.80% | |
| Price / MA100: | +16.58% | |
| Price / MAexp7: | +1.69% | |
| Price / MAexp20: | +2.98% | |
| Price / MAexp50: | +3.33% | |
| Price / MAexp100: | +3.68% |
Quotes :
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15 min delayed data
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Spain Stocks
BankinterThis member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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