LATIBEX TOP - Daily - Technical analysis published on 08/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 5,635.0600 EUR
My targets
5,331.6300 EUR (-2.34%)
5,096.5100 EUR (-6.65%)
My analysis
In the short term, we can see an acceleration in the bearish trend on LATIBEX TOP, which is a positive signal for sellers. As long as the price remains above 5,635.0600 EUR, a sale could be considered. The first bearish objective is located at 5,331.6300 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5,096.5100 EUR as an objective. Crossing it would then enable sellers to target 4,782.2000 EUR. If the price were to return above 5,635.0600 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.8
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Additional analysis
Quotes
LATIBEX TOP rating 5,459.6001 EUR. On the day, this instrument lost -0.13% and was traded between 5,451.7998 EUR and 5,464.0000 EUR over the period. The price is currently at +0.14% from its lowest and -0.08% from its highest.5,451.7998
5,464.0000
5,459.6001
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LATIBEX TOP:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LATIBEX TOP in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : Daily
Bullish doji star
Type : Bullish
Timeframe : Daily
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,096.5100 | 5,331.6300 | 5,434.8800 | 5,459.6001 | 5,635.0600 | 5,869.6000 | 6,071.4000 |
| Change (%) | -6.65% | -2.34% | -0.45% | - | +3.21% | +7.51% | +11.21% |
| Change | -363.0901 | -127.9701 | -24.7201 | - | +175.4599 | +409.9999 | +611.7999 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Intermediate |
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 | 5,405.8328 | 5,436.3664 | 5,451.6331 | 5,482.1667 | 5,497.4334 | 5,527.9670 | 5,543.2337 |
| Camarilla | 5,454.3048 | 5,458.5032 | 5,462.7015 | 5,466.8999 | 5,471.0983 | 5,475.2966 | 5,479.4950 |
| Woodie | 5,398.1995 | 5,432.5497 | 5,443.9998 | 5,478.3500 | 5,489.8001 | 5,524.1503 | 5,535.6004 |
| Fibonacci | 5,436.3664 | 5,453.8621 | 5,464.6710 | 5,482.1667 | 5,499.6624 | 5,510.4713 | 5,527.9670 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,350.6338 | 5,437.6670 | 5,500.9336 | 5,587.9668 | 5,651.2334 | 5,738.2666 | 5,801.5332 |
| Camarilla | 5,522.8678 | 5,536.6452 | 5,550.4227 | 5,564.2002 | 5,577.9777 | 5,591.7552 | 5,605.5327 |
| Woodie | 5,338.7505 | 5,431.7254 | 5,489.0503 | 5,582.0252 | 5,639.3501 | 5,732.3250 | 5,789.6499 |
| Fibonacci | 5,437.6670 | 5,495.0815 | 5,530.5523 | 5,587.9668 | 5,645.3813 | 5,680.8521 | 5,738.2666 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,408.4331 | 5,500.6665 | 5,685.1333 | 5,777.3667 | 5,961.8335 | 6,054.0669 | 6,238.5337 |
| Camarilla | 5,793.5076 | 5,818.8717 | 5,844.2359 | 5,869.6001 | 5,894.9643 | 5,920.3285 | 5,945.6927 |
| Woodie | 5,454.5498 | 5,523.7249 | 5,731.2500 | 5,800.4251 | 6,007.9502 | 6,077.1253 | 6,284.6504 |
| Fibonacci | 5,500.6665 | 5,606.3660 | 5,671.6672 | 5,777.3667 | 5,883.0662 | 5,948.3674 | 6,054.0669 |
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): | 36.41 | |
| MACD (12,26,9): | -62.1052 | |
| Directional Movement: | -23.6476 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 5,526.2800 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,675.5705 | |
| Elder Ray (13): | -96.8520 | |
| Super Trend (3,10): | 5,626.2281 | |
| Zig ZAG (10): | 5,461.6001 | |
| VORTEX (21): | 0.8681 | |
| Stochastique (14,3,5): | 11.62 | |
| TEMA (21): | 5,454.2694 | |
| Williams %R (14): | -90.80 | |
| Chande Momentum Oscillator (20): | -320.0000 | |
| Repulse (5,40,3): | -0.6853 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0903 | |
| Courbe Coppock: | 10.61 |
| MA7: | 5,504.4714 | |
| MA20: | 5,659.7900 | |
| MA50: | 5,683.6460 | |
| MA100: | 5,482.8320 | |
| MAexp7: | 5,503.6741 | |
| MAexp20: | 5,592.4547 | |
| MAexp50: | 5,606.5216 | |
| MAexp100: | 5,538.5983 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | -3.54% | |
| Price / MA50: | -3.94% | |
| Price / MA100: | -0.42% | |
| Price / MAexp7: | -0.80% | |
| Price / MAexp20: | -2.38% | |
| Price / MAexp50: | -2.62% | |
| Price / MAexp100: | -1.43% |
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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