Banco BBVA Argentina S.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Strong day for Banco BBVA Argentina S.A. stock price on Friday rising 6.20% to $8.57
(Updated on Apr 19, 2024)
The Banco BBVA Argentina S.A. stock price gained 6.20% on the last trading day (Friday, 19th Apr 2024), rising from $8.07 to $8.57. During the last trading day the stock fluctuated 7.19% from a day low at $8.07 to a day high of $8.65. The price has been going up and down for this period, and there has been a -6.54% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 579 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $12.56 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 67.84% during the next 3 months and, with a 90% probability hold a price between $13.65 and $16.39 at the end of this 3-month period.
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BBAR Signals & Forecast
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 $8.39 and $8.08. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -6.75%. 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).
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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.580 between high and low, or 7.19%. For the last week, the stock has had daily average volatility of 6.16%.
Our recommended stop-loss: $8.10 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (BBAR) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Banco BBVA Argentina S.A. to open at $8.43, and during the day (based on 14 day Average True Range), to move between $8.12 and $9.02, which gives a possible trading interval of +/-$0.452 (+/-5.28%) 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 10.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.47 (1.17%) than the resistance at $8.77 (2.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: 4.139 Buy Candidate Unchanged
Predicted Opening Price for Banco BBVA Argentina S.A. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $8.43 ( 1.63%) | $8.57 |
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 | 9.01 | 5.13 % | |
| R2 | 8.79 | 2.55 % | ||
| R1 | 8.65 | 0.95 % | ||
| Current price: | 8.57 | |||
| Support | S1 | 8.21 | -4.22 % | |
| S2 | 8.07 | -5.82 % | ||
| S3 | 7.85 | -8.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.19 | 7.23 % | |
| R2 | 9.17 | 7.00 % | ||
| R1 | 8.77 | 2.33 % | ||
| Current price | 8.57 | |||
| Support | S1 | 8.47 | -1.17% | |
| S2 | 8.19 | -4.43% | ||
| S3 | 7.25 | -15.40% |
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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