BBVA ARGENTINA SA-ADR (BBAR) Stock Technical Analysis
NYSE:BBAR - New York Stock Exchange, Inc. - US0589341009 - ADR - Currency: USD
Overall BBAR gets a technical rating of 9 out of 10. Both in the recent history as in the last year, BBAR has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that BBAR is one of the better performing stocks in the market, outperforming 97% of all stocks.
BBAR is part of the Banks industry. There are 396 other stocks in this industry. BBAR outperforms 98% of them.
BBAR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BBAR is performing more or less in line with the market.
BBAR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BBAR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.03
23.89
When analyzing the support we can see 4 important areas.
- Support @19.10 from a horizontal line in the daily time frame.
- Support @17.39 from a trend line in the weekly time frame.
- Support @16.15 from a trend line in the daily time frame.
- Support @12.15 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @22.29 from a trend line in the daily time frame.
- A resistance zone ranging from 23.42 to 23.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for BBAR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BBAR is neutral. |
| ChartMill Relative Strength | 97.03 | POSITIVE | BBAR has a high relative strength, it outperformed 97.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBAR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBAR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBAR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.34 | NEUTRAL | The RSI value for BBAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BBAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.05 | NEUTRAL | The Stochastics value for BBAR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for BBAR suggests some volalility. |
| Average Directional Index/ADX (14) | 19.3 | NEGATIVE | The low ADX value for BBAR suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.30 | 20.48 | 1.82 (8.16%) | 12.25% |
| An entry @22.30. This is a Buy Stop order right above the resistance zone. | An exit @20.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.82 points, which is 8.16%. | When investing 12.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.65
+0.37 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.74%
1 Week1.07%
2 Weeks6.13%
1 Month2.12%
3 Month11.89%
6 Month30.82%
12 Month120.02%
2 Year394.29%
3 Year607.52%
5 Year582.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%4.92%
ATR Inc52.46%
Range Today1.32
ADR(20)1.04
ADR(20)%4.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.03
Mansfield3.87
10 Day High23.1
10 Day Low20.49
20 Day High23.1
20 Day Low19
52 Week High25.01
52 Week Low7.05
CS1 End19.1
CR1 Start22.29
Volume & EV
DER(3)0%
DER(5)0.61%
Volume442.40K
Volume Incr47.05%
Vol(5)878.76K
Vol(50)685.25K