Banco SantanderIn a couple of days the action is going to have to take a path either bearish or bullish, the IBEX 35 is reaching maximums without the help of this Action and its weighting is important, CAIXABANK has indeed had a bullish Rally, Santander has been more weighed down by Brazil, with the fine and several bad evaluations of that country, but that have not affected its benefits too much. On the other hand, BBVA today we know the news of the devaluation of the Turkish currency that is going to weigh d
Valkyrie submits application documents for Ethereum strategy ETFOn May 14, Valkyrie Investments, an encrypted asset management company, submitted the application documents for Valkyrie Ethereum Strategy ETF to the US SEC.
The Fund hopes to gain exposure to Ethereum futures contracts by investing some of its assets in Valkyrie Ethereum Strategy (Cayman) Ltd., its wholly-owned subsidiary incorporated under the laws of the Cayman Islands. Valkyrie acts as investment advisor to the subsidiary.
US Chairman Gary Gensler Wants Congress to Provide More Funds foCoinworld reported that the chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, asked Congress to provide more funds for the agency so that he and his colleagues can continue their investigations into the encryption field.
CaixaBank (CABK.mc) bearish scenario:The technical figure Channel Up can be found in the daily chart in the Spanish company CaixaBank, S.A. (CABK.mc). CaixaBank, S.A. is a Spanish multinational financial services company. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers and has the most extensive branch network in the Spanish market. It is listed in the Bolsa de Madrid and is part of the IBEX 35.
The company consists of the univers
Meliá (MEL.mc) bearish scenario:The technical figure Triangle can be found in the daily chart in the Spanish company Meliá Hotels International, S.A. (MEL.mc). Meliá Hotels International, S.A. is a Spanish hotel chain. The company is one of Spain's largest domestic operators of holiday resorts and the 17th biggest hotel chain worldwide. Domestically in Spain the company is the market leader in both resort and urban hotels. Currently, the hotel chain operates 374 hotels in 40 countries on 4 continents under the brands Meliá, Gr
From Fossil Fuels to Wind Power: The Transformation of Repsol Alright folks, today we're talking about Repsol, the Spanish energy company, and their joint venture with Ibereólica Renovables in Chile. They've just announced the opening of their second wind farm project, the Atacama wind farm, which has an impressive installed capacity of 165.3 megawatts and is expected to produce over 450 gigawatt-hours of clean energy a year.
Now, here's the thing - this is a positive step for Repsol in expanding their renewable energy portfolio and supporting Chile's goa
Alantra is Leading the Charge in Sustainable FinanceAlright folks, let's talk about Alantra, the Spanish financial company that's making some big moves in the sustainability and energy sectors.
They recently made some key hires that really demonstrate their commitment to these areas. They brought on Francois de Rugy, a former French politician who's an expert in environmental, social, and governance issues. He's going to be a senior advisor, bringing his knowledge and experience from serving as Minister of Ecology, Sustainable Development, and E
WEEKLY MAPFRE: -36.1% YoY 2022Q4 profits and #batpatternFUNDAMENTAL AND TECHNICAL ANALYSIS
FUNDAMENTAL
2022 EPS Q4 better than expected: 0.0503 (exp. 0.0388). Issued premiums revenue 5.895B (exp. 5.83B). Nevertheless, -36.1% YoY Q4 profits.
Final dividend of 14.5 cents, payout 69.5%.
Conclusion: weak 2022 results overall give the share price a PER of 8.83 at price 1.842. P of PER increases, an overvaluation could be happening at the moment.
TECHNICAL
Aside from the weak results, there might be a formation of a bearish bat pattern underway w
BODEGAS RIOJANAS RIO Triangle with price target 5.32€ (+26%)Bodegas Riojanas (Ticker RIO) has activated a triangle structure with price target 5.32 (+26% from target price). I'd set the stop loss below 2.74€. Be careful when trading this stock as the liquidity is lower than others so better check market depth before any buy or sell.
ARCELORMITTAL MTS Bullish DivergenceArcelorMittal has activated a divergence with both MACD and RSI and with target price at 30.985€. I'd set the stop loss below 19.42€ because the structure would get inactivated. This is a short term structure but just as a reminder this company has a double bottom activated with target price to 54.10€.
CaixaBank (CABK.mc) bearish scenarioThe technical figure Triangle can be found in the daily chart of the Spanish company CaixaBank, S.A. (CABK.mc). CaixaBank, S.A., is a Spanish multinational financial services company. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers, and has the most extensive branch network in the Spanish market. It is listed in the Bolsa de Madrid and is part of the IBEX 35. The Triangle broke through the suppor























