Banco Bilbao Viscaya Argentaria SA Stock Forecast
Banco Bilbao Viscaya Argentaria SA stock price up 2.59% on Monday
(Updated on Apr 22, 2024)
The Banco Bilbao Viscaya Argentaria SA stock price gained 2.59% on the last trading day (Monday, 22nd Apr 2024), rising from $10.79 to $11.07. During the last trading day the stock fluctuated 1.36% from a day low at $11.00 to a day high of $11.15. The price has fallen in 6 of the last 10 days and is down by -3.99% for this period. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately $16.13 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 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 26.42% during the next 3 months and, with a 90% probability hold a price between $13.49 and $15.74 at the end of this 3-month period.
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BBVA Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Banco Bilbao Viscaya Argentaria SA 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 $11.22. On a fall, the stock will find some support from the short-term average at $10.77. 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. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -7.36%. 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 Bilbao Viscaya Argentaria SA stock
Banco Bilbao Viscaya Argentaria SA finds support from accumulated volume at $10.85 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 $0.150 between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBVA) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Banco Bilbao Viscaya Argentaria SA to open at $11.07, and during the day (based on 14 day Average True Range), to move between $10.81 and $11.33, which gives a possible trading interval of +/-$0.259 (+/-2.34%) up or down from last closing price. If Banco Bilbao Viscaya Argentaria SA takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.85 (1.99%) than the resistance at $11.39 (2.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Banco Bilbao Viscaya Argentaria SA will release earnings BMO on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.350. We will update the financials statements for Banco Bilbao Viscaya Argentaria SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.05% in the first trading day after earnings release.
Is Banco Bilbao Viscaya Argentaria SA stock A Buy?
The Banco Bilbao Viscaya Argentaria SA stock holds several negative signals and despite the positive trend, we believe Banco Bilbao Viscaya Argentaria SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.650 Sell Candidate Unchanged
Predicted Opening Price for Banco Bilbao Viscaya Argentaria SA of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$11.07 ( 0%) | $11.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBVA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.22 | 1.36 % | |
R2 | 11.16 | 0.84 % | ||
R1 | 11.13 | 0.518 % | ||
Current price: | 11.07 | |||
Support | S1 | 11.01 | -0.518 % | |
S2 | 10.98 | -0.84 % | ||
S3 | 10.92 | -1.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.80 | 6.59 % | |
R2 | 11.69 | 5.60 % | ||
R1 | 11.39 | 2.89 % | ||
Current price | 11.07 | |||
Support | S1 | 10.85 | -1.99% | |
S2 | 10.55 | -4.70% | ||
S3 | 10.00 | -9.67% |
BBVA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 12, 2024 | Apr 08, 2024 | Apr 25, 2024 | $0.350 | 3.16% |
2 | Sep 29, 2023 | Oct 06, 2023 | Oct 26, 2023 | $0.169 | 2.15% |
3 | Feb 14, 2023 | Apr 03, 2023 | Apr 20, 2023 | $0.333 | 4.48% |
4 | Sep 29, 2022 | Oct 07, 2022 | Oct 26, 2022 | $0.117 | 2.24% |
5 | Feb 18, 2022 | Apr 06, 2022 | Apr 25, 2022 | $0.261 | 4.93% |
FAQ
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