Banco BBVA Argentina S.A. Stock Forecast
Green day on Wednesday for Banco BBVA Argentina S.A.
(Updated on Mar 27, 2024)
The Banco BBVA Argentina S.A. stock price gained 2.16% on the last trading day (Wednesday, 27th Mar 2024), rising from $8.32 to $8.50. During the last trading day the stock fluctuated 3.65% from a day low at $8.21 to a day high of $8.51. The price has risen in 6 of the last 10 days and is up by 8.56% over the past 2 weeks. Volume fell on the last day by -262 thousand shares and in total, 615 thousand shares were bought and sold for approximately $5.23 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $8.67 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 63.96% during the next 3 months and, with a 90% probability hold a price between $11.28 and $14.21 at the end of this 3-month period.
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BBAR Signals & Forecast
Mostly positive signals in the chart today. The Banco BBVA Argentina S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.32 and $6.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 08, 2024, and so far it has risen 68.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Banco BBVA Argentina S.A. stock
Banco BBVA Argentina S.A. finds support from accumulated volume at $8.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.300 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 5.47%.
Our recommended stop-loss: $8.23 (-3.20%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (BBAR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Banco BBVA Argentina S.A. to open at $8.41, and during the day (based on 14 day Average True Range), to move between $8.07 and $8.93, which gives a possible trading interval of +/-$0.433 (+/-5.09%) up or down from last closing price. If Banco BBVA Argentina S.A. takes out the full calculated possible swing range there will be an estimated 10.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $8.47, some $0.0300 (0.35%) from the current price of $8.50, our system finds the risk reward attractive.
Is Banco BBVA Argentina S.A. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Banco BBVA Argentina S.A. stock to perform well in the short-term.
Current score: 3.859 Buy Candidate Unchanged
Predicted Opening Price for Banco BBVA Argentina S.A. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$8.41 ( 1.10%) | $8.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBAR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.71 | 2.43 % | |
R2 | 8.59 | 1.08 % | ||
R1 | 8.52 | 0.250 % | ||
Current price: | 8.50 | |||
Support | S1 | 8.29 | -2.45 % | |
S2 | 8.22 | -3.28 % | ||
S3 | 8.11 | -4.63 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 8.50 | |||
Support | S1 | 8.47 | -0.353% | |
S2 | 7.55 | -11.18% | ||
S3 | 7.25 | -14.71% |
BBAR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 08, 2024 | Mar 19, 2024 | $0.113 | 1.43% |
2 | Sep 21, 2023 | Sep 28, 2023 | Oct 06, 2023 | $0.0640 | 1.50% |
3 | Aug 17, 2023 | Aug 24, 2023 | Sep 01, 2023 | $0.0740 | 1.35% |
4 | Aug 04, 2023 | Aug 11, 2023 | Aug 21, 2023 | $0.0837 | 1.72% |
5 | Jul 13, 2023 | Jul 21, 2023 | Jul 31, 2023 | $0.0590 | 1.04% |
FAQ
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