BBVA ARGENTINA SA-ADR (BBAR) Stock Technical Analysis
NYSE:BBAR - New York Stock Exchange, Inc. - US0589341009 - ADR - Currency: USD
We assign a technical rating of 1 out of 10 to BBAR. BBAR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month BBAR has a been trading in the 14.65 - 18.76 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that BBAR is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BBAR is an average performer in the Banks industry, it outperforms 49% of 397 stocks in the same industry.
BBAR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BBAR is lagging the market.
The technical rating of BBAR is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.74
21.99
We found 1 important support area.
- Support @12.87 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @16.37 from a horizontal line in the daily time frame.
- Resistance @21.00 from a trend line in the weekly time frame.
- Resistance @21.77 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BBAR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBAR is down. |
| ChartMill Relative Strength | 75.26 | POSITIVE | BBAR has a high relative strength, it outperformed 75.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBAR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BBAR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BBAR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.3 | NEUTRAL | The RSI value for BBAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BBAR has a negative trend. |
| Stochastics (14,3) | 13.19 | OVERSOLD | The low Stochastics value suggests BBAR may be oversold. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for BBAR suggests high volalility. |
| Average Directional Index/ADX (14) | 28.2 | POSITIVE | The high ADX value value for BBAR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
14.66
-0.88 (-5.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-5.66%
1 Week-10.45%
2 Weeks-13.15%
1 Month-18.24%
3 Month-17.59%
6 Month-37.4%
12 Month53.83%
2 Year159.01%
3 Year447.02%
5 Year254.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.76
ATR(20)%5.35%
ATR Inc10.47%
Range Today0.89
ADR(20)0.76
ADR(20)%5.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.26
Mansfield-1.71
10 Day High17.1
10 Day Low14.65
20 Day High18.76
20 Day Low14.65
52 Week High25.01
52 Week Low7.05
CS1 End12.87
CR1 Start16.37
Volume & EV
DER(3)3.64%
DER(5)2.37%
Volume1.16M
Volume Incr17.53%
Vol(5)771.00K
Vol(50)735.08K