Short term opinion: Limited decline
Short term Evol.:
Mid term opinion: Consolidation
Mid term Evol.:
Supports: 4,83 / 4,72 / 4,60
Resistances: 5,40 / 5,60 / 5,71
BBVA ST: the downside prevails as long as 5.4 is resistance
Alternative scenario: the upside breakout of 5.4 would call for 5.6 and 5.71.
5.4 is our pivot point.
Our preference: the downside prevails as long as 5.4 is resistance.
Alternative scenario: above 5.4, look for 5.6 and 5.71.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configurationis negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 5.45 and 5.49). BBVA is currently trading near its 52 week low at 5.1 reached on 08/10/18.
Supports and resistances:
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-11-2018 at 10:10 UTC+1
Price reference: 5.21 last known on 10-11-2018 at 10:10 UTC+1
Investment horizon: ST
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Legend: * = Intermediate level ** = Strong level *** = Very strong level
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