Short term opinion: Limited rise
Short term Evol.:
Mid term opinion: Consolidation
Mid term Evol.:
Supports: 4,76 / 4,52 / 4,38
Resistances: 5,44 / 5,58 / 5,73
BBVA ST: the upside prevails as long as 4.76 is support
Alternative scenario: the downside breakout of 4.76 would call for 4.52 and 4.38.
Our pivot point stands at 4.76.
Our preference: the upside prevails as long as 4.76 is support.
Alternative scenario: below 4.76, expect 4.52 and 4.38.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 4.73 and 4.86).
Supports and resistances:
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-11-2019 at 11:18 UTC+1
Price reference: 4.99 last known on 01-11-2019 at 11:18 UTC+1
Investment horizon: ST
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Legend: * = Intermediate level ** = Strong level *** = Very strong level
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