BBVA Price Prediction Next Week
Technical Analysis: BBVA's stock shows strong bullish momentum with RSI at 70.21, indicating overbought conditions. The stock is trading above all major moving averages (SMA 5,10,20,60,200), confirming an upward trend.
Price Levels & Fibonacci Analysis:
- Current price: $12.69
- Key resistance levels: $12.91 (Fibonacci R1), $13.21 (Fibonacci R2)
- Support levels: $11.97 (Fibonacci S1), $11.67 (Fibonacci S2)
Recent News Impact:
- BBVA has increased its sustainable finance target to 700 billion euros over the next five years, demonstrating strong commitment to ESG initiatives
- Multiple analysts have raised price targets recently:
- RBC Capital raised to €12.25 from €11.80 with Outperform rating
- Barclays raised to €12.20 from €11.60
- HSBC upgraded to Buy from Hold
Next Week Price Prediction: Based on technical indicators and recent analyst upgrades, BBVA is likely to test the Fibonacci R1 level at $12.91. However, the overbought RSI suggests potential short-term pullback risks.
Target price range for next week:
- Bullish scenario (60% probability): $12.85-$13.00
- Bearish scenario (40% probability): $12.40-$12.60
Trading Recommendation: HOLD
- Current overbought conditions suggest waiting for a pullback before establishing new long positions
- Existing holders should maintain positions with stops below $12.40
- Next ideal entry point would be on pullbacks to $12.40-$12.50 range
BBVA Similar Chart Price Prediction
The price of BBVA is predicted to go up -0.32%, based on the high correlation periods with YUM. The similarity of these two price pattern on the periods is 98.47%.
BBVA
YUM
Down: -0.32%Similarity: 98.47%
BBVA Revenue Forecast
BBVA EPS Forecast
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BBVA VS S&P500
Being the market leader in the attractive, oligopolistic Mexican banking market supports a high midcycle level of profitability.
As Mexico remains underpenetrated with banking products, this gives BBVA a clearer growth path than many of its European-focused peers that operate mainly in ex-growth banking markets.
BBVA should have lower earnings volatility than its peers, given its geographic diversification and its focus on retail and commercial banking, with relatively low exposure to market risks.
