IBEXX3 NET - 1H - Technical analysis published on 02/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 7,520.4800 EUR
My targets
7,716.5000 EUR (+1.71%)
7,876.9000 EUR (+3.83%)
My analysis
IBEXX3 NET 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 7,520.4800 EUR. The next resistance located at 7,716.5000 EUR is the next bullish objective 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 7,876.9000 EUR. After this resistance, buyers could then target 10,200.8000 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IBEXX3 NET rating is 7,586.6001 EUR. On the day, this instrument gained +3.84% and was between 7,420.0000 EUR and 7,660.8999 EUR. This implies that the price is at +2.25% from its lowest and at -0.97% from its highest.7,420.0000
7,660.8999
7,586.6001
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IBEXX3 NET indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI 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 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,209.8000 | 7,408.5600 | 7,520.4800 | 7,586.6001 | 7,716.5000 | 7,876.9000 | 10,200.8000 |
| Change (%) | -4.97% | -2.35% | -0.87% | - | +1.71% | +3.83% | +34.46% |
| Change | -376.8001 | -178.0401 | -66.1201 | - | +129.8999 | +290.2999 | +2,614.1999 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Minor |
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 | 6,916.5999 | 7,102.9001 | 7,204.5999 | 7,390.9001 | 7,492.5999 | 7,678.9001 | 7,780.5999 |
| Camarilla | 7,227.0998 | 7,253.4998 | 7,279.8998 | 7,306.2998 | 7,332.6998 | 7,359.0998 | 7,385.4998 |
| Woodie | 6,874.2998 | 7,081.7500 | 7,162.2998 | 7,369.7500 | 7,450.2998 | 7,657.7500 | 7,738.2998 |
| Fibonacci | 7,102.9001 | 7,212.9161 | 7,280.8841 | 7,390.9001 | 7,500.9161 | 7,568.8841 | 7,678.9001 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,432.1997 | 6,771.2998 | 7,038.7998 | 7,377.8999 | 7,645.3999 | 7,984.5000 | 8,252.0000 |
| Camarilla | 7,139.4848 | 7,195.0898 | 7,250.6948 | 7,306.2998 | 7,361.9048 | 7,417.5098 | 7,473.1148 |
| Woodie | 6,396.3997 | 6,753.3998 | 7,002.9998 | 7,359.9999 | 7,609.5999 | 7,966.6000 | 8,216.2000 |
| Fibonacci | 6,771.2998 | 7,003.0210 | 7,146.1787 | 7,377.8999 | 7,609.6211 | 7,752.7788 | 7,984.5000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,118.2002 | 4,731.2002 | 5,841.0000 | 6,454.0000 | 7,563.7998 | 8,176.7998 | 9,286.5996 |
| Camarilla | 6,477.0299 | 6,634.9532 | 6,792.8765 | 6,950.7998 | 7,108.7231 | 7,266.6464 | 7,424.5698 |
| Woodie | 4,366.6001 | 4,855.4002 | 6,089.3999 | 6,578.2000 | 7,812.1997 | 8,300.9998 | 9,534.9995 |
| Fibonacci | 4,731.2002 | 5,389.3097 | 5,795.8905 | 6,454.0000 | 7,112.1095 | 7,518.6903 | 8,176.7998 |
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): | 64.12 | |
| MACD (12,26,9): | 64.3841 | |
| Directional Movement: | 18.3892 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 7,560.9740 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,381.7401 | |
| Elder Ray (13): | 110.7957 | |
| Super Trend (3,10): | 7,442.6796 | |
| Zig ZAG (10): | 7,619.2002 | |
| VORTEX (21): | 1.0991 | |
| Stochastique (14,3,5): | 94.31 | |
| TEMA (21): | 7,623.2103 | |
| Williams %R (14): | -9.94 | |
| Chande Momentum Oscillator (20): | 200.2002 | |
| Repulse (5,40,3): | 0.1988 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0762 | |
| Courbe Coppock: | 3.67 |
| MA7: | 7,446.0143 | |
| MA20: | 7,368.6950 | |
| MA50: | 6,607.1540 | |
| MA100: | 5,736.6120 | |
| MAexp7: | 7,583.1072 | |
| MAexp20: | 7,490.9933 | |
| MAexp50: | 7,443.8754 | |
| MAexp100: | 7,405.7216 | |
| Price / MA7: | +1.89% | |
| Price / MA20: | +2.96% | |
| Price / MA50: | +14.82% | |
| Price / MA100: | +32.25% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +1.28% | |
| Price / MAexp50: | +1.92% | |
| Price / MAexp100: | +2.44% |
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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