Banco Bilbao Vizcaya Argentaria, S.A. Stock Forecast

Weaker technical forecast for Banco Bilbao Vizcaya Argentaria, S.A. as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)

BOY.DE Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 4.17%. Further rise is indicated until a new top pivot has been found. Banco Bilbao Vizcaya Argentaria, S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Banco Bilbao Vizcaya Argentaria, S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 10.35€. On a fall, the stock will find some support from the short-term average at 9.88€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Banco Bilbao Vizcaya Argentaria, S.A. stock

Banco Bilbao Vizcaya Argentaria, S.A. finds support from accumulated volume at 9.85€ 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 0.0510€ between high and low, or 0.512%. For the last week, the stock has had daily average volatility of 1.57%.

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

Trading Expectations (BOY.DE) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Banco Bilbao Vizcaya Argentaria, S.A. to open at 10.00€, and during the day (based on 14 day Average True Range), to move between 9.76€ and 10.27€, which gives a possible trading interval of +/-0.253€ (+/-2.53%) up or down from last closing price. If Banco Bilbao Vizcaya Argentaria, S.A. takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 10.12€ (1.05%) than the support at 9.85€ (1.65%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Banco Bilbao Vizcaya Argentaria, S.A. stock A Buy?

Banco Bilbao Vizcaya Argentaria, S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.332 Sell Candidate Downgraded

Predicted Opening Price for Banco Bilbao Vizcaya Argentaria, S.A. of Monday, May 20, 2024

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