BNP PARIBAS ACT.A - 1H - Technical analysis published on 10/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 60.52 EUR
My targets
62.72 EUR (+1.54%)
63.98 EUR (+3.58%)
My analysis
BNP PARIBAS ACT.A is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 60.52 EUR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 62.72 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 63.98 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 64.69 EUR. Beware of a possible return to under the support located at 60.52 EUR which would be the sign of a correction of the bullish excesses registered in the short term.
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
3.6
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Additional analysis
Quotes
The BNP PARIBAS ACT.A rating is 61.77 EUR. The price is lower by -0.07% since the last closing with the lowest point at 61.11 EUR and the highest point at 62.15 EUR. The deviation from the price is +1.08% for the low point and -0.61% for the high point.61.11
62.15
61.77
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BNP PARIBAS ACT.A in 1H shows an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Doji
Type : Neutral
Timeframe : 1 hour
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 59.75 | 60.52 | 61.53 | 61.77 | 61.99 | 62.72 | 63.98 |
| Change (%) | -3.27% | -2.02% | -0.39% | - | +0.36% | +1.54% | +3.58% |
| Change | -2.02 | -1.25 | -0.24 | - | +0.22 | +0.95 | +2.21 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.09 | 60.44 | 61.12 | 61.47 | 62.15 | 62.50 | 63.18 |
| Camarilla | 61.53 | 61.62 | 61.72 | 61.81 | 61.90 | 62.00 | 62.09 |
| Woodie | 60.27 | 60.52 | 61.30 | 61.55 | 62.33 | 62.58 | 63.36 |
| Fibonacci | 60.44 | 60.83 | 61.07 | 61.47 | 61.86 | 62.10 | 62.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.70 | 58.19 | 59.52 | 61.01 | 62.34 | 63.83 | 65.16 |
| Camarilla | 60.09 | 60.34 | 60.60 | 60.86 | 61.12 | 61.38 | 61.64 |
| Woodie | 56.63 | 58.15 | 59.45 | 60.97 | 62.27 | 63.79 | 65.09 |
| Fibonacci | 58.19 | 59.26 | 59.93 | 61.01 | 62.08 | 62.75 | 63.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.47 | 57.50 | 59.53 | 62.56 | 64.59 | 67.62 | 69.65 |
| Camarilla | 60.16 | 60.62 | 61.09 | 61.55 | 62.01 | 62.48 | 62.94 |
| Woodie | 53.96 | 57.25 | 59.02 | 62.31 | 64.08 | 67.37 | 69.14 |
| Fibonacci | 57.50 | 59.44 | 60.63 | 62.56 | 64.50 | 65.69 | 67.62 |
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): | 58.79 | |
| MACD (12,26,9): | 0.2600 | |
| Directional Movement: | 5.87 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 61.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.58 | |
| Elder Ray (13): | 0.21 | |
| Super Trend (3,10): | 60.78 | |
| Zig ZAG (10): | 61.74 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 73.74 | |
| TEMA (21): | 62.00 | |
| Williams %R (14): | -32.82 | |
| Chande Momentum Oscillator (20): | 0.45 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 2.49 |
| MA7: | 61.16 | |
| MA20: | 62.68 | |
| MA50: | 61.70 | |
| MA100: | 62.49 | |
| MAexp7: | 61.72 | |
| MAexp20: | 61.41 | |
| MAexp50: | 61.35 | |
| MAexp100: | 61.77 | |
| Price / MA7: | +1.00% | |
| Price / MA20: | -1.45% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | -1.15% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | -0% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on BNP PARIBAS ACT.A. At the time of publication of this analysis, the latest news was as follows:
- GROUPE BNP PARIBAS : Release of the second amendment to the Universal registration document and annual financial report 2023
- BNP Paribas : Exclusive negotiation with Axa for the acquisition of Axa Investment Managers and a long-term partnership in asset management
- BNP Paribas Factoring selects Lendscape to further strengthen its European operations
- 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
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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