IBEX X3 - 1H - Technical analysis published on 10/16/2023 (GMT)
- 112
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
61%
6%
33%
My opinion
Neutral between 511.5667 EUR and 526.7333 EUR
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 526.7333 EUR. The first support is located at 511.5667 EUR. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by IBEX X3.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
IBEX X3 rating 517.5000 EUR. The price registered an increase of +2.21% on the session with the lowest point at 496.3000 EUR and the highest point at 518.0000 EUR. The deviation from the price is +4.27% for the low point and -0.10% for the high point.496.3000
518.0000
517.5000
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
Here is a more detailed summary of the historical variations registered by IBEX X3:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IBEX X3 in 1H shows a neutral overall trend. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 456.7800 | 487.4000 | 500.0000 | 517.5000 | 526.7333 | 545.0000 | 556.8300 |
| Change (%) | -11.73% | -5.82% | -3.38% | - | +1.78% | +5.31% | +7.60% |
| Change | -60.7200 | -30.1000 | -17.5000 | - | +9.2333 | +27.5000 | +39.3300 |
| Level | Major | Major | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 474.4667 | 489.6333 | 497.9667 | 513.1333 | 521.4667 | 536.6333 | 544.9667 |
| Camarilla | 499.8375 | 501.9917 | 504.1458 | 506.3000 | 508.4542 | 510.6083 | 512.7625 |
| Woodie | 471.0500 | 487.9250 | 494.5500 | 511.4250 | 518.0500 | 534.9250 | 541.5500 |
| Fibonacci | 489.6333 | 498.6103 | 504.1563 | 513.1333 | 522.1103 | 527.6563 | 536.6333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 430.0333 | 458.9667 | 482.6333 | 511.5667 | 535.2333 | 564.1667 | 587.8333 |
| Camarilla | 491.8350 | 496.6567 | 501.4783 | 506.3000 | 511.1217 | 515.9433 | 520.7650 |
| Woodie | 427.4000 | 457.6500 | 480.0000 | 510.2500 | 532.6000 | 562.8500 | 585.2000 |
| Fibonacci | 458.9667 | 479.0599 | 491.4735 | 511.5667 | 531.6599 | 544.0735 | 564.1667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 435.2667 | 474.8333 | 508.8667 | 548.4333 | 582.4667 | 622.0333 | 656.0667 |
| Camarilla | 522.6600 | 529.4067 | 536.1533 | 542.9000 | 549.6467 | 556.3933 | 563.1400 |
| Woodie | 432.5000 | 473.4500 | 506.1000 | 547.0500 | 579.7000 | 620.6500 | 653.3000 |
| Fibonacci | 474.8333 | 502.9485 | 520.3181 | 548.4333 | 576.5485 | 593.9181 | 622.0333 |
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): | 52.44 | |
| MACD (12,26,9): | -2.5687 | |
| Directional Movement: | -3.4111 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 511.2093 | |
| Parabolic SAR (0,02-0,02-0,2): | 499.0294 | |
| Elder Ray (13): | 0.8009 | |
| Super Trend (3,10): | 521.9537 | |
| Zig ZAG (10): | 517.5000 | |
| VORTEX (21): | 0.8086 | |
| Stochastique (14,3,5): | 69.66 | |
| TEMA (21): | 508.3693 | |
| Williams %R (14): | -4.05 | |
| Chande Momentum Oscillator (20): | 5.2000 | |
| Repulse (5,40,3): | 2.0660 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0905 | |
| Courbe Coppock: | 3.47 |
| MA7: | 515.0857 | |
| MA20: | 528.0000 | |
| MA50: | 537.8080 | |
| MA100: | 547.4300 | |
| MAexp7: | 512.5442 | |
| MAexp20: | 514.4302 | |
| MAexp50: | 516.1585 | |
| MAexp100: | 518.7359 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | -1.99% | |
| Price / MA50: | -3.78% | |
| Price / MA100: | -5.47% | |
| Price / MAexp7: | +0.97% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | -0.24% |
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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