IBEX X3 - 1H - Technical analysis published on 04/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 790.7429 EUR
My targets
747.9000 EUR (-3.53%)
722.0600 EUR (-6.87%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IBEX X3 as long as the price remains well below 790.7429 EUR. The sellers' bearish objective is set at 747.9000 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 722.0600 EUR. In case of crossing, the next objective would be the support located at 690.3800 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEX X3 rating 775.3000 EUR. On the day, this instrument gained +1.28% with the lowest point at 768.5000 EUR and the highest point at 777.6000 EUR. The deviation from the price is +0.88% for the low point and -0.30% for the high point.768.5000
777.6000
775.3000
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IBEX X3:
Technical
A technical analysis in 1H of this IBEX X3 chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being 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 does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 690.3800 | 722.0600 | 775.2778 | 775.3000 | 790.7429 | 811.2000 | 833.8000 |
| Change (%) | -10.95% | -6.87% | +0.00% | - | +1.99% | +4.63% | +7.55% |
| Change | -84.9200 | -53.2400 | -0.0222 | - | +15.4429 | +35.9000 | +58.5000 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Major |
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 | 736.3667 | 750.2333 | 757.8667 | 771.7333 | 779.3667 | 793.2333 | 800.8667 |
| Camarilla | 759.5875 | 761.5583 | 763.5292 | 765.5000 | 767.4708 | 769.4417 | 771.4125 |
| Woodie | 733.2500 | 748.6750 | 754.7500 | 770.1750 | 776.2500 | 791.6750 | 797.7500 |
| Fibonacci | 750.2333 | 758.4463 | 763.5203 | 771.7333 | 779.9463 | 785.0203 | 793.2333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 716.0000 | 747.9000 | 767.9000 | 799.8000 | 819.8000 | 851.7000 | 871.7000 |
| Camarilla | 773.6275 | 778.3850 | 783.1425 | 787.9000 | 792.6575 | 797.4150 | 802.1725 |
| Woodie | 710.0500 | 744.9250 | 761.9500 | 796.8250 | 813.8500 | 848.7250 | 865.7500 |
| Fibonacci | 747.9000 | 767.7258 | 779.9742 | 799.8000 | 819.6258 | 831.8742 | 851.7000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 455.6000 | 535.5000 | 680.4000 | 760.3000 | 905.2000 | 985.1000 | 1,130.0000 |
| Camarilla | 763.4800 | 784.0867 | 804.6933 | 825.3000 | 845.9067 | 866.5133 | 887.1200 |
| Woodie | 488.1000 | 551.7500 | 712.9000 | 776.5500 | 937.7000 | 1,001.3500 | 1,162.5000 |
| Fibonacci | 535.5000 | 621.3736 | 674.4264 | 760.3000 | 846.1736 | 899.2264 | 985.1000 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.27 | |
| MACD (12,26,9): | -6.9210 | |
| Directional Movement: | -16.3443 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 769.9189 | |
| Parabolic SAR (0,02-0,02-0,2): | 777.5332 | |
| Elder Ray (13): | -0.4257 | |
| Super Trend (3,10): | 785.9664 | |
| Zig ZAG (10): | 776.2000 | |
| VORTEX (21): | 0.8601 | |
| Stochastique (14,3,5): | 40.04 | |
| TEMA (21): | 769.4427 | |
| Williams %R (14): | -46.75 | |
| Chande Momentum Oscillator (20): | -10.2000 | |
| Repulse (5,40,3): | -0.3089 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1409 | |
| Courbe Coppock: | 3.11 |
| MA7: | 794.2714 | |
| MA20: | 773.5700 | |
| MA50: | 684.7780 | |
| MA100: | 660.0080 | |
| MAexp7: | 773.9288 | |
| MAexp20: | 779.5600 | |
| MAexp50: | 790.3843 | |
| MAexp100: | 787.1700 | |
| Price / MA7: | -2.39% | |
| Price / MA20: | +0.22% | |
| Price / MA50: | +13.22% | |
| Price / MA100: | +17.47% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | -0.55% | |
| Price / MAexp50: | -1.91% | |
| Price / MAexp100: | -1.51% |
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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