LATIBEX TOP - Daily - Technical analysis published on 12/30/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 5,635.0600 EUR
My targets
5,283.0000 EUR (-1.23%)
5,116.0500 EUR (-4.35%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LATIBEX TOP as long as the price remains well below 5,635.0600 EUR. The next bearish objective for sellers is set at 5,283.0000 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5,116.0500 EUR. If there is any crossing, the next objective would be the support located at 4,515.4400 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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
3.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LATIBEX TOP rating 5,348.6001 EUR. On the day, this instrument lost -0.13% and was traded between 5,348.6001 EUR and 5,355.6001 EUR over the period. The price is currently at 0% from its lowest and -0.13% from its highest.5,348.6001
5,355.6001
5,348.6001
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of LATIBEX TOP in Daily shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 | 4,515.4400 | 5,116.0500 | 5,283.0000 | 5,348.6001 | 5,635.0600 | 5,963.8000 | 6,071.4000 |
| Change (%) | -15.58% | -4.35% | -1.23% | - | +5.36% | +11.50% | +13.51% |
| Change | -833.1601 | -232.5501 | -65.6001 | - | +286.4599 | +615.1999 | +722.7999 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,265.0669 | 5,285.3335 | 5,320.4668 | 5,340.7334 | 5,375.8667 | 5,396.1333 | 5,431.2666 |
| Camarilla | 5,340.3651 | 5,345.4435 | 5,350.5218 | 5,355.6001 | 5,360.6784 | 5,365.7568 | 5,370.8351 |
| Woodie | 5,272.5003 | 5,289.0502 | 5,327.9002 | 5,344.4501 | 5,383.3001 | 5,399.8500 | 5,438.7000 |
| Fibonacci | 5,285.3335 | 5,306.4963 | 5,319.5706 | 5,340.7334 | 5,361.8962 | 5,374.9705 | 5,396.1333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,959.7666 | 5,050.6333 | 5,232.3667 | 5,323.2334 | 5,504.9668 | 5,595.8335 | 5,777.5669 |
| Camarilla | 5,339.1351 | 5,364.1234 | 5,389.1118 | 5,414.1001 | 5,439.0884 | 5,464.0768 | 5,489.0651 |
| Woodie | 5,005.2000 | 5,073.3500 | 5,277.8001 | 5,345.9501 | 5,550.4002 | 5,618.5502 | 5,823.0003 |
| Fibonacci | 5,050.6333 | 5,154.7665 | 5,219.1002 | 5,323.2334 | 5,427.3666 | 5,491.7003 | 5,595.8335 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,579.3667 | 4,977.7334 | 5,331.9668 | 5,730.3335 | 6,084.5669 | 6,482.9336 | 6,837.1670 |
| Camarilla | 5,479.2352 | 5,548.2235 | 5,617.2119 | 5,686.2002 | 5,755.1885 | 5,824.1769 | 5,893.1652 |
| Woodie | 4,557.3001 | 4,966.7001 | 5,309.9002 | 5,719.3002 | 6,062.5003 | 6,471.9003 | 6,815.1004 |
| Fibonacci | 4,977.7334 | 5,265.2266 | 5,442.8403 | 5,730.3335 | 6,017.8267 | 6,195.4404 | 6,482.9336 |
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): | 49.81 | |
| MACD (12,26,9): | -66.0198 | |
| Directional Movement: | -0.6868 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 5,280.6297 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,445.1199 | |
| Elder Ray (13): | 64.3733 | |
| Super Trend (3,10): | 5,187.7737 | |
| Zig ZAG (10): | 5,409.2002 | |
| VORTEX (21): | 0.9183 | |
| Stochastique (14,3,5): | 61.02 | |
| TEMA (21): | 5,272.5656 | |
| Williams %R (14): | -32.35 | |
| Chande Momentum Oscillator (20): | -44.1997 | |
| Repulse (5,40,3): | 2.1811 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2446 | |
| Courbe Coppock: | 8.18 |
| MA7: | 5,305.6429 | |
| MA20: | 5,392.3900 | |
| MA50: | 5,581.9040 | |
| MA100: | 5,581.3120 | |
| MAexp7: | 5,343.2628 | |
| MAexp20: | 5,377.8159 | |
| MAexp50: | 5,484.7600 | |
| MAexp100: | 5,535.1053 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | -4.18% | |
| Price / MA100: | -4.17% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | -2.48% | |
| Price / MAexp100: | -3.37% |
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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