IBEX X3 - 1H - Technical analysis published on 09/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 550.4000 EUR
My targets
528.1000 EUR (-1.91%)
521.4538 EUR (-3.15%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 550.4000 EUR remains possible. It is advisable to trade IBEX X3 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 550.4000 EUR. The next bearish objective for sellers is set at 528.1000 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 521.4538 EUR. In case of crossing, the next objective would be the support located at 514.5000 EUR. PS: if there is a bullish break in the resistance located at 550.4000 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IBEX X3 rating is 538.4000 EUR. The price has increased by +2.20% since the last closing and was between 523.2000 EUR and 541.7000 EUR. This implies that the price is at +2.91% from its lowest and at -0.61% from its highest.523.2000
541.7000
538.4000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IBEX X3 in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
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 : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 514.5000 | 521.4538 | 528.1000 | 538.4000 | 538.6200 | 550.4000 | 574.9667 |
| Change (%) | -4.44% | -3.15% | -1.91% | - | +0.04% | +2.23% | +6.79% |
| Change | -23.9000 | -16.9462 | -10.3000 | - | +0.2200 | +12.0000 | +36.5667 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | 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 | 500.8667 | 512.1333 | 519.4667 | 530.7333 | 538.0667 | 549.3333 | 556.6667 |
| Camarilla | 521.6850 | 523.3900 | 525.0950 | 526.8000 | 528.5050 | 530.2100 | 531.9150 |
| Woodie | 498.9000 | 511.1500 | 517.5000 | 529.7500 | 536.1000 | 548.3500 | 554.7000 |
| Fibonacci | 512.1333 | 519.2385 | 523.6281 | 530.7333 | 537.8385 | 542.2281 | 549.3333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 503.7333 | 526.7667 | 541.9333 | 564.9667 | 580.1333 | 603.1667 | 618.3333 |
| Camarilla | 546.5950 | 550.0967 | 553.5983 | 557.1000 | 560.6017 | 564.1033 | 567.6050 |
| Woodie | 499.8000 | 524.8000 | 538.0000 | 563.0000 | 576.2000 | 601.2000 | 614.4000 |
| Fibonacci | 526.7667 | 541.3591 | 550.3743 | 564.9667 | 579.5591 | 588.5743 | 603.1667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 430.0667 | 469.9333 | 515.7667 | 555.6333 | 601.4667 | 641.3333 | 687.1667 |
| Camarilla | 538.0325 | 545.8883 | 553.7442 | 561.6000 | 569.4558 | 577.3117 | 585.1675 |
| Woodie | 433.0500 | 471.4250 | 518.7500 | 557.1250 | 604.4500 | 642.8250 | 690.1500 |
| Fibonacci | 469.9333 | 502.6707 | 522.8959 | 555.6333 | 588.3707 | 608.5959 | 641.3333 |
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): | 55.69 | |
| MACD (12,26,9): | -1.9419 | |
| Directional Movement: | 6.4614 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 530.4829 | |
| Parabolic SAR (0,02-0,02-0,2): | 524.3546 | |
| Elder Ray (13): | 5.0484 | |
| Super Trend (3,10): | 542.7429 | |
| Zig ZAG (10): | 539.0000 | |
| VORTEX (21): | 1.0194 | |
| Stochastique (14,3,5): | 73.90 | |
| TEMA (21): | 533.3855 | |
| Williams %R (14): | -14.29 | |
| Chande Momentum Oscillator (20): | 7.5000 | |
| Repulse (5,40,3): | 0.8838 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1079 | |
| Courbe Coppock: | 0.30 |
| MA7: | 548.5286 | |
| MA20: | 548.2050 | |
| MA50: | 551.2620 | |
| MA100: | 549.3330 | |
| MAexp7: | 534.2664 | |
| MAexp20: | 534.3100 | |
| MAexp50: | 541.4245 | |
| MAexp100: | 546.7154 | |
| Price / MA7: | -1.85% | |
| Price / MA20: | -1.79% | |
| Price / MA50: | -2.33% | |
| Price / MA100: | -1.99% | |
| Price / MAexp7: | +0.77% | |
| Price / MAexp20: | +0.77% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | -1.52% |
Quotes :
-
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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