Banco Bilbao Vizcaya Argentaria SA (ADR)(NYSE:BBVA) Heffx Trading Outlook

Banco Bilbao Vizcaya Argentaria SA (ADR)(NYSE:BBVA) Heffx Trading Outlook

Banco Bilbao Vizcaya Argentaria SA (ADR)(NYSE:BBVA) Heffx Trading Outlook

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 6.11.

The projected upper bound is: 6.20.

The projected lower bound is: 5.58.

The projected closing price is: 5.89.

Banco Bilbao Vizcaya Argentaria SA (ADR)

Candlesticks

During the past 10 bars, there have been 4 white candles and 4 black candles. During the past 50 bars, there have been 19 white candles and 23 black candles for a net of 4 black candles.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 8 falling windows in the last 50 candles–this makes the current falling window even more bearish.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 8.0537. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 41.44. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 5 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -156.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 3 period(s) ago.

Rex Takasugi – TD Profile

B BILBAO VIZCYA closed down -0.120 at 5.880. Volume was 22% below average (neutral) and Bollinger Bands were 27% narrower than normal.

Open High Low Close Volume___
5.880 5.885 5.840 5.880 552,467

Technical Outlook
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 6.21 5.90 6.46
Volatility: 31 34 53
Volume: 655,334 631,889 681,719

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

B BILBAO VIZCYA gapped down today (bearish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
B BILBAO VIZCYA is currently 9.0% below its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of BBVA.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BBVA.N and have had this outlook for the last 38 periods.

Increase your trading profits by trying MetaStocks Xenith 30 day free trial.

 

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Latest posts by HEFFX Australia (see all)

You must be logged in to post comments :  
CONNECT WITH