LATIBEX TOP - Daily - Technical analysis published on 02/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 5,284.2300 EUR
My targets
5,103.2500 EUR (-1.14%)
4,902.9001 EUR (-5.02%)
My analysis
LATIBEX TOP is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5,284.2300 EUR. The next support located at 5,103.2500 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4,902.9001 EUR. Below this support, sellers could then target 4,515.4400 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LATIBEX TOP rating is 5,162.1001 EUR. On the day, this instrument lost -0.12% and was traded between 5,162.1001 EUR and 5,220.5000 EUR over the period. The price is currently at 0% from its lowest and -1.12% from its highest.5,162.1001
5,220.5000
5,162.1001
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LATIBEX TOP:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of LATIBEX TOP indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 3,833.5600 | 4,515.4400 | 5,103.2500 | 5,162.1001 | 5,284.2300 | 5,635.0600 | 5,818.0000 |
| Change (%) | -25.74% | -12.53% | -1.14% | - | +2.37% | +9.16% | +12.71% |
| Change | -1,328.5401 | -646.6601 | -58.8501 | - | +122.1299 | +472.9599 | +655.8999 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
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 | 5,087.3996 | 5,122.8997 | 5,145.5998 | 5,181.0999 | 5,203.8000 | 5,239.3001 | 5,262.0002 |
| Camarilla | 5,152.2948 | 5,157.6298 | 5,162.9648 | 5,168.2998 | 5,173.6348 | 5,178.9698 | 5,184.3049 |
| Woodie | 5,080.9995 | 5,119.6997 | 5,139.1997 | 5,177.8999 | 5,197.3999 | 5,236.1001 | 5,255.6001 |
| Fibonacci | 5,122.8997 | 5,145.1322 | 5,158.8675 | 5,181.0999 | 5,203.3324 | 5,217.0677 | 5,239.3001 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,874.0999 | 5,013.9001 | 5,091.0999 | 5,230.9001 | 5,308.0999 | 5,447.9001 | 5,525.0999 |
| Camarilla | 5,108.6248 | 5,128.5165 | 5,148.4081 | 5,168.2998 | 5,188.1915 | 5,208.0831 | 5,227.9748 |
| Woodie | 4,842.7998 | 4,998.2500 | 5,059.7998 | 5,215.2500 | 5,276.7998 | 5,432.2500 | 5,493.7998 |
| Fibonacci | 5,013.9001 | 5,096.7941 | 5,148.0061 | 5,230.9001 | 5,313.7941 | 5,365.0061 | 5,447.9001 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,709.7000 | 4,902.9001 | 5,214.3001 | 5,407.5002 | 5,718.9002 | 5,912.1003 | 6,223.5003 |
| Camarilla | 5,386.9352 | 5,433.1902 | 5,479.4452 | 5,525.7002 | 5,571.9552 | 5,618.2102 | 5,664.4652 |
| Woodie | 4,768.8001 | 4,932.4501 | 5,273.4002 | 5,437.0502 | 5,778.0003 | 5,941.6503 | 6,282.6004 |
| Fibonacci | 4,902.9001 | 5,095.6573 | 5,214.7429 | 5,407.5002 | 5,600.2574 | 5,719.3430 | 5,912.1003 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 36.83 | |
| MACD (12,26,9): | -58.8384 | |
| Directional Movement: | -18.0942 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 5,283.1459 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,420.8275 | |
| Elder Ray (13): | -113.9505 | |
| Super Trend (3,10): | 5,423.8342 | |
| Zig ZAG (10): | 5,164.2002 | |
| VORTEX (21): | 0.7695 | |
| Stochastique (14,3,5): | 1.87 | |
| TEMA (21): | 5,231.8064 | |
| Williams %R (14): | -97.65 | |
| Chande Momentum Oscillator (20): | -417.0996 | |
| Repulse (5,40,3): | -4.5224 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0324 | |
| Courbe Coppock: | 8.86 |
| MA7: | 5,240.4714 | |
| MA20: | 5,405.2150 | |
| MA50: | 5,359.7560 | |
| MA100: | 5,505.4360 | |
| MAexp7: | 5,241.6370 | |
| MAexp20: | 5,341.2186 | |
| MAexp50: | 5,398.9629 | |
| MAexp100: | 5,463.3625 | |
| Price / MA7: | -1.50% | |
| Price / MA20: | -4.50% | |
| Price / MA50: | -3.69% | |
| Price / MA100: | -6.24% | |
| Price / MAexp7: | -1.52% | |
| Price / MAexp20: | -3.35% | |
| Price / MAexp50: | -4.39% | |
| Price / MAexp100: | -5.51% |
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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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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