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Banco BBVA Argentina S.A. Stock Forecast NYSE:BBAR

$2.88 (-2.04%)

Volume: 685k

Closed: Nov 26, 2021

Hollow Logo Score: -7.323

Banco BBVA Argentina S.A. Stock Forecast

$2.88 (-2.04%)

Volume: 685k

Closed: Nov 26, 2021

Score Hollow Logo -7.323
Which way will BBAR go? Request

BBAR Stock Risk

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 $0.24 between high and low, or 8.86%. For the last week, the stock has had a daily average volatility of 7.07%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Banco BBVA Argentina S.A. stock currently holds an RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Red day on Friday for Banco BBVA Argentina S.A.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-15 Loss -25.39%

The Banco BBVA Argentina S.A. stock price fell by -2.04% on the last day (Friday, 26th Nov 2021) from $2.94 to $2.88. and has now fallen 3 days in a row. During the day the stock fluctuated 8.86% from a day low at $2.71 to a day high of $2.95. The price has fallen in 8 of the last 10 days and is down by -28.36% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -216 thousand shares and in total, 685 thousand shares were bought and sold for approximately $1.97 million.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($3.06) are considered to be a "second chance" to get out. According to the fan-theory $2.04 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Banco BBVA Argentina S.A. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.14 and $3.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 10, 2021, and so far it has fallen -29.24%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.24 between high and low, or 8.86%. For the last week, the stock has had a daily average volatility of 7.07%.

Banco BBVA Argentina S.A. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Banco BBVA Argentina S.A. stock A Buy?

Banco BBVA Argentina S.A. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -7.323

Predicted Opening Price for Banco BBVA Argentina S.A. of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$2.85 $2.88 (Overvalued)
Strong Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 7.07 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.07 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.94
Price: $2.88
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.09 7.18 %
2.99 3.99 %
2.94 2.03 %
Current price: 2.88
Support 2.75 -4.34 %
2.70 -6.31 %
2.61 -9.49 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3.41 18.40 %
3.20 11.11 %
2.94 2.08 %
Current price 2.88
Support 0 .
0 .
0 .

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