Análisis Chartista

Market Data

Name: BBVA
Country: Spain
ISIN: ES0113211835
RIC: BBVA.MC
Short term opinion: Limited decline
Short term Evol.:
Mid term opinion: Consolidation
Mid term Evol.:
Last: 4,75
Pivot: 5,04
Supports: 4,27 / 4,11 / 3,96
Resistances: 5,04 / 5,31 / 5,47
06/12/2018 12:01

BBVA ST: below its lower Bollinger band


Alternative scenario: the upside breakout of 5.04 would call for 5.31 and 5.47.

Our pivot point is at 5.04.

Our preference: the downside prevails as long as 5.04 is resistance.

Alternative scenario: the upside breakout of 5.04 would call for 5.31 and 5.47.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 4.94 and 5.1). Finally, BBVA has penetrated its lower daily Bollinger band (4.79). BBVA is currently trading near its 52 week low at 4.73 reached on 06/12/18.

Supports and resistances:
5.47 **
5.31 *
5.04 **
4.94
4.753 (EUR-last)
4.42
4.27 **
4.11 *
3.96 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 12-06-2018 at 12:01 UTC+1
Price reference: 4.75 last known on 12-06-2018 at 12:01 UTC+1
Investment horizon: ST

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Legend:  * = Intermediate level    ** = Strong level    *** = Very strong level
 Name  Short term opinion Short term Evol. Mid term opinion Mid term Evol.
BBVALimited riseConsolidation
BBVALimited riseConsolidation
BBVALimited riseConsolidation
BBVALimited declineConsolidation
BBVALimited riseConsolidation
BBVALimited declineConsolidation
BBVALimited declineConsolidation
BBVALimited riseConsolidation
BBVALimited declineConsolidation
BBVALimited riseConsolidation