IBEX X3 - 1H - Technical analysis published on 04/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 753.9000 EUR
My targets
788.2000 EUR (+3.09%)
790.7000 EUR (+3.41%)
My analysis
IBEX X3 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 753.9000 EUR. The next resistance located at 788.2000 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 790.7000 EUR. After this resistance, buyers could then target 820.8500 EUR.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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.
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Additional analysis
Quotes
The IBEX X3 rating is 764.6000 EUR. On the day, this instrument gained +2.74% and was traded between 755.0000 EUR and 768.1000 EUR over the period. The price is currently at +1.27% from its lowest and -0.46% from its highest.755.0000
768.1000
764.6000
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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 bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 719.6800 | 732.2333 | 753.9000 | 764.6000 | 790.7000 | 820.8500 | 833.8000 |
| Change (%) | -5.87% | -4.23% | -1.40% | - | +3.41% | +7.36% | +9.05% |
| Change | -44.9200 | -32.3667 | -10.7000 | - | +26.1000 | +56.2500 | +69.2000 |
| Level | Minor | Minor | Intermediate | - | Intermediate | 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 | 698.1000 | 708.8000 | 726.5000 | 737.2000 | 754.9000 | 765.6000 | 783.3000 |
| Camarilla | 736.3900 | 738.9933 | 741.5967 | 744.2000 | 746.8033 | 749.4067 | 752.0100 |
| Woodie | 701.6000 | 710.5500 | 730.0000 | 738.9500 | 758.4000 | 767.3500 | 786.8000 |
| Fibonacci | 708.8000 | 719.6488 | 726.3512 | 737.2000 | 748.0488 | 754.7512 | 765.6000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 654.0000 | 676.0000 | 710.1000 | 732.1000 | 766.2000 | 788.2000 | 822.3000 |
| Camarilla | 728.7725 | 733.9150 | 739.0575 | 744.2000 | 749.3425 | 754.4850 | 759.6275 |
| Woodie | 660.0500 | 679.0250 | 716.1500 | 735.1250 | 772.2500 | 791.2250 | 828.3500 |
| Fibonacci | 676.0000 | 697.4302 | 710.6698 | 732.1000 | 753.5302 | 766.7698 | 788.2000 |
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): | 66.33 | |
| MACD (12,26,9): | 5.3499 | |
| Directional Movement: | 20.1399 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 747.8099 | |
| Parabolic SAR (0,02-0,02-0,2): | 720.5560 | |
| Elder Ray (13): | 14.6784 | |
| Super Trend (3,10): | 731.6040 | |
| Zig ZAG (10): | 762.6000 | |
| VORTEX (21): | 1.1075 | |
| Stochastique (14,3,5): | 80.18 | |
| TEMA (21): | 753.0847 | |
| Williams %R (14): | -9.62 | |
| Chande Momentum Oscillator (20): | 12.5000 | |
| Repulse (5,40,3): | 0.5772 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0821 | |
| Courbe Coppock: | 3.06 |
| MA7: | 737.4000 | |
| MA20: | 774.7750 | |
| MA50: | 703.4900 | |
| MA100: | 670.3020 | |
| MAexp7: | 752.8088 | |
| MAexp20: | 741.7193 | |
| MAexp50: | 740.1373 | |
| MAexp100: | 748.3996 | |
| Price / MA7: | +3.69% | |
| Price / MA20: | -1.31% | |
| Price / MA50: | +8.69% | |
| Price / MA100: | +14.07% | |
| Price / MAexp7: | +1.57% | |
| Price / MAexp20: | +3.08% | |
| Price / MAexp50: | +3.31% | |
| Price / MAexp100: | +2.16% |
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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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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