IBEX MAB ALL SHARE - 1H - Technical analysis published on 12/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,742.0200 EUR
My targets
1,775.2333 EUR (+1.40%)
1,798.2000 EUR (+2.71%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IBEX MAB ALL SHARE as long as the price remains well above 1,742.0200 EUR. The buyers' bullish objective is set at 1,775.2333 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,798.2000 EUR. If there is any crossing, the next objective would be the resistance located at 1,867.1000 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IBEX MAB ALL SHARE rating is 1,750.7000 EUR. The price has increased by +0.81% since the last closing with the lowest point at 1,737.5000 EUR and the highest point at 1,754.8000 EUR. The deviation from the price is +0.76% for the low point and -0.23% for the high point.1,737.5000
1,754.8000
1,750.7000
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IBEX MAB ALL SHARE indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,734.5444 | 1,742.0200 | 1,747.7667 | 1,750.7000 | 1,754.8000 | 1,798.2000 | 1,867.1000 |
| Change (%) | -0.92% | -0.50% | -0.17% | - | +0.23% | +2.71% | +6.65% |
| Change | -16.1556 | -8.6800 | -2.9333 | - | +4.1000 | +47.5000 | +116.4000 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,723.2333 | 1,730.3667 | 1,740.5333 | 1,747.6667 | 1,757.8333 | 1,764.9667 | 1,775.1333 |
| Camarilla | 1,745.9425 | 1,747.5283 | 1,749.1142 | 1,750.7000 | 1,752.2858 | 1,753.8717 | 1,755.4575 |
| Woodie | 1,724.7500 | 1,731.1250 | 1,742.0500 | 1,748.4250 | 1,759.3500 | 1,765.7250 | 1,776.6500 |
| Fibonacci | 1,730.3667 | 1,736.9753 | 1,741.0581 | 1,747.6667 | 1,754.2753 | 1,758.3581 | 1,764.9667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,697.5667 | 1,709.8333 | 1,730.2667 | 1,742.5333 | 1,762.9667 | 1,775.2333 | 1,795.6667 |
| Camarilla | 1,741.7075 | 1,744.7050 | 1,747.7025 | 1,750.7000 | 1,753.6975 | 1,756.6950 | 1,759.6925 |
| Woodie | 1,701.6500 | 1,711.8750 | 1,734.3500 | 1,744.5750 | 1,767.0500 | 1,777.2750 | 1,799.7500 |
| Fibonacci | 1,709.8333 | 1,722.3247 | 1,730.0419 | 1,742.5333 | 1,755.0247 | 1,762.7419 | 1,775.2333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,651.7333 | 1,675.9667 | 1,706.6333 | 1,730.8667 | 1,761.5333 | 1,785.7667 | 1,816.4333 |
| Camarilla | 1,722.2025 | 1,727.2350 | 1,732.2675 | 1,737.3000 | 1,742.3325 | 1,747.3650 | 1,752.3975 |
| Woodie | 1,654.9500 | 1,677.5750 | 1,709.8500 | 1,732.4750 | 1,764.7500 | 1,787.3750 | 1,819.6500 |
| Fibonacci | 1,675.9667 | 1,696.9385 | 1,709.8949 | 1,730.8667 | 1,751.8385 | 1,764.7949 | 1,785.7667 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.72 | |
| MACD (12,26,9): | 5.3162 | |
| Directional Movement: | 17.6784 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1,747.2668 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,738.9348 | |
| Elder Ray (13): | 7.4939 | |
| Super Trend (3,10): | 1,735.8662 | |
| Zig ZAG (10): | 1,750.7000 | |
| VORTEX (21): | 1.1469 | |
| Stochastique (14,3,5): | 85.99 | |
| TEMA (21): | 1,750.4245 | |
| Williams %R (14): | -14.86 | |
| Chande Momentum Oscillator (20): | 17.5000 | |
| Repulse (5,40,3): | 0.3359 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0345 | |
| Courbe Coppock: | 2.04 |
| MA7: | 1,732.8714 | |
| MA20: | 1,733.6300 | |
| MA50: | 1,731.5440 | |
| MA100: | 1,774.8430 | |
| MAexp7: | 1,747.0988 | |
| MAexp20: | 1,740.8547 | |
| MAexp50: | 1,734.7765 | |
| MAexp100: | 1,732.5516 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +1.11% | |
| Price / MA100: | -1.36% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | +0.92% | |
| Price / MAexp100: | +1.05% |
Quotes :
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15 min delayed data
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Spain Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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