CaixaBank is now the value of IBEX 35 which has performed best so far this year, with a revaluation of more than 40% so far in 2022. It is followed by Bankinter (+30%) and Sabadell (+25%). What it has to do to keep going up?
From the technical point of view, CaixaBank At the moment it is still in an upward trend, it is still above the long-term bullish guideline (which we see in pink on the chart), according to Néstor Borràs, technical analyst.
In addition, the value has exceeded the short-term bullish channel, broke it to the upside and met the target of 3.64 euros, which are the annual maximums. To have more signs of strength, it should exceed that level on a daily close, it has been about, but without being able to close above it.
The consensus of analysts still gives a potential of 16%with a target price of 3.96 euros, and with a buy advice.
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