IBEX X2 - 1H - Technical analysis published on 03/15/2024 (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
78%
6%
17%
My opinion
Bullish above 5,105.8665 EUR
My targets
5,423.3665 EUR (+2.72%)
6,128.7856 EUR (+16.08%)
My analysis
The bullish trend is currently very strong on IBEX X2. As long as the price remains above the support at 5,105.8665 EUR, you could try to benefit from the boom. The first bullish objective is located at 5,423.3665 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6,128.7856 EUR as an objective. Crossing it would then enable buyers to target 7,947.7000 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.4
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Additional analysis
Quotes
The IBEX X2 price is 5,280.0000 EUR. On the day, this instrument gained +2.42% and was traded between 5,153.7002 EUR and 5,294.6001 EUR over the period. The price is currently at +2.45% from its lowest and -0.28% from its highest.5,153.7002
5,294.6001
5,280.0000
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 X2:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IBEX X2 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
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 over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,883.2780 | 5,004.5000 | 5,269.9000 | 5,280.0000 | 6,128.7856 | 7,947.7000 | 10,196.1000 |
| Change (%) | -7.51% | -5.22% | -0.19% | - | +16.08% | +50.52% | +93.11% |
| Change | -396.7220 | -275.5000 | -10.1000 | - | +848.7856 | +2,667.7000 | +4,916.1000 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,978.5000 | 5,059.8999 | 5,107.5000 | 5,188.8999 | 5,236.5000 | 5,317.8999 | 5,365.5000 |
| Camarilla | 5,119.6251 | 5,131.4501 | 5,143.2751 | 5,155.1001 | 5,166.9251 | 5,178.7501 | 5,190.5751 |
| Woodie | 4,961.6001 | 5,051.4500 | 5,090.6001 | 5,180.4500 | 5,219.6001 | 5,309.4500 | 5,348.6001 |
| Fibonacci | 5,059.8999 | 5,109.1779 | 5,139.6219 | 5,188.8999 | 5,238.1779 | 5,268.6219 | 5,317.8999 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,470.8665 | 4,596.4333 | 4,788.3665 | 4,913.9333 | 5,105.8665 | 5,231.4333 | 5,423.3665 |
| Camarilla | 4,892.9873 | 4,922.0915 | 4,951.1956 | 4,980.2998 | 5,009.4040 | 5,038.5081 | 5,067.6123 |
| Woodie | 4,504.0498 | 4,613.0249 | 4,821.5498 | 4,930.5249 | 5,139.0498 | 5,248.0249 | 5,456.5498 |
| Fibonacci | 4,596.4333 | 4,717.7183 | 4,792.6483 | 4,913.9333 | 5,035.2183 | 5,110.1483 | 5,231.4333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,208.8338 | 4,381.9670 | 4,539.0335 | 4,712.1667 | 4,869.2332 | 5,042.3664 | 5,199.4329 |
| Camarilla | 4,605.2952 | 4,635.5635 | 4,665.8318 | 4,696.1001 | 4,726.3684 | 4,756.6367 | 4,786.9050 |
| Woodie | 4,200.8006 | 4,377.9503 | 4,531.0003 | 4,708.1500 | 4,861.2000 | 5,038.3497 | 5,191.3997 |
| Fibonacci | 4,381.9670 | 4,508.1033 | 4,586.0304 | 4,712.1667 | 4,838.3030 | 4,916.2301 | 5,042.3664 |
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): | 66.89 | |
| MACD (12,26,9): | 41.7966 | |
| Directional Movement: | 28.0820 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 5,263.2294 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,168.9863 | |
| Elder Ray (13): | 55.4124 | |
| Super Trend (3,10): | 5,185.9741 | |
| Zig ZAG (10): | 5,268.5000 | |
| VORTEX (21): | 1.1421 | |
| Stochastique (14,3,5): | 92.18 | |
| TEMA (21): | 5,265.4596 | |
| Williams %R (14): | -16.90 | |
| Chande Momentum Oscillator (20): | 26.1001 | |
| Repulse (5,40,3): | 0.5925 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1191 | |
| Courbe Coppock: | 0.49 |
| MA7: | 5,097.2571 | |
| MA20: | 4,890.1700 | |
| MA50: | 4,770.4860 | |
| MA100: | 4,674.3150 | |
| MAexp7: | 5,250.2105 | |
| MAexp20: | 5,204.8083 | |
| MAexp50: | 5,116.1020 | |
| MAexp100: | 5,011.6069 | |
| Price / MA7: | +3.59% | |
| Price / MA20: | +7.97% | |
| Price / MA50: | +10.68% | |
| Price / MA100: | +12.96% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +1.44% | |
| Price / MAexp50: | +3.20% | |
| Price / MAexp100: | +5.36% |
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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