BNP PARIBAS ACT.A - Daily - Technical analysis published on 06/05/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 62.89 EUR
My targets
68.34 EUR (+2.35%)
My analysis
The basic bullish trend is very strong on BNP PARIBAS ACT.A but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 62.89 EUR. Crossing the first resistance at 68.34 EUR would be a sign of a potential new surge in the price. Caution, a return to below 62.89 EUR would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BNP PARIBAS ACT.A rating is 66.77 EUR. The price registered a decrease of -0.09% on the session with the lowest point at 66.28 EUR and the highest point at 67.09 EUR. The deviation from the price is +0.74% for the low point and -0.48% for the high point.66.28
67.09
66.77
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 BNP PARIBAS ACT.A:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BNP PARIBAS ACT.A chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 57.94 | 59.80 | 62.89 | 66.77 | 66.93 | 68.34 |
| Change (%) | -13.22% | -10.44% | -5.81% | - | +0.24% | +2.35% |
| Change | -8.83 | -6.97 | -3.88 | - | +0.16 | +1.57 |
| Level | Major | Intermediate | Minor | - | Minor | 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 | 64.70 | 65.51 | 66.17 | 66.98 | 67.64 | 68.45 | 69.11 |
| Camarilla | 66.43 | 66.56 | 66.70 | 66.83 | 66.97 | 67.10 | 67.23 |
| Woodie | 64.63 | 65.47 | 66.10 | 66.94 | 67.57 | 68.41 | 69.04 |
| Fibonacci | 65.51 | 66.07 | 66.42 | 66.98 | 67.54 | 67.89 | 68.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.79 | 65.59 | 66.64 | 67.44 | 68.49 | 69.29 | 70.34 |
| Camarilla | 67.19 | 67.36 | 67.53 | 67.70 | 67.87 | 68.04 | 68.21 |
| Woodie | 64.93 | 65.65 | 66.78 | 67.50 | 68.63 | 69.35 | 70.48 |
| Fibonacci | 65.59 | 66.29 | 66.73 | 67.44 | 68.14 | 68.58 | 69.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.48 | 60.65 | 64.17 | 66.34 | 69.86 | 72.03 | 75.55 |
| Camarilla | 66.14 | 66.66 | 67.18 | 67.70 | 68.22 | 68.74 | 69.27 |
| Woodie | 59.17 | 60.99 | 64.86 | 66.68 | 70.55 | 72.37 | 76.24 |
| Fibonacci | 60.65 | 62.82 | 64.16 | 66.34 | 68.51 | 69.85 | 72.03 |
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): | 54.53 | |
| MACD (12,26,9): | 0.9400 | |
| Directional Movement: | -2.10 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 68.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.66 | |
| Elder Ray (13): | -0.49 | |
| Super Trend (3,10): | 65.28 | |
| Zig ZAG (10): | 66.78 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 40.88 | |
| TEMA (21): | 67.71 | |
| Williams %R (14): | -77.78 | |
| Chande Momentum Oscillator (20): | -1.53 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 0.84 |
| MA7: | 67.41 | |
| MA20: | 67.32 | |
| MA50: | 64.31 | |
| MA100: | 59.45 | |
| MAexp7: | 67.26 | |
| MAexp20: | 66.75 | |
| MAexp50: | 64.23 | |
| MAexp100: | 61.34 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | -0.82% | |
| Price / MA50: | +3.83% | |
| Price / MA100: | +12.31% | |
| Price / MAexp7: | -0.73% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +3.95% | |
| Price / MAexp100: | +8.85% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on BNP PARIBAS ACT.A at the time of the generation of this analysis was as follows:
- BNP PARIBAS SA: Disclosure for G-SIIs indicators as of 31 December 2023
- BNP Paribas Group: Release of the first amendment to the 2023 URD
- BNP Paribas reports very good 1st quarter 2024 performances and confirms its 2024 trajectory
- BNP PARIBAS Group: Share buyback - declaration of transactions in own shares from 15 April to 19 April 2024
- BNP Paribas has signed an agreement with Fosun Group to acquire its stake in ageas
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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