IBEXX3 NET - 1H - Technical analysis published on 04/05/2023 (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
67%
6%
28%
My opinion
Bullish above 7,241.0000 EUR
My targets
7,499.3000 EUR (+2.69%)
7,687.6000 EUR (+5.27%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IBEXX3 NET as long as the price remains well above 7,241.0000 EUR. The buyers' bullish objective is set at 7,499.3000 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7,687.6000 EUR. If there is any crossing, the next objective would be the resistance located at 7,876.9000 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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
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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 7,302.7998 EUR. On the day, this instrument gained +2.31% and was between 7,167.3999 EUR and 7,302.7998 EUR. This implies that the price is at +1.89% from its lowest and at 0% from its highest.7,167.3999
7,302.7998
7,302.7998
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this IBEXX3 NET chart shows a strongly bullish trend. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,797.5000 | 7,029.1000 | 7,241.0000 | 7,302.7998 | 7,499.3000 | 7,687.6000 | 7,876.9000 |
| Change (%) | -6.92% | -3.75% | -0.85% | - | +2.69% | +5.27% | +7.86% |
| Change | -505.2998 | -273.6998 | -61.7998 | - | +196.5002 | +384.8002 | +574.1002 |
| Level | Major | Intermediate | Intermediate | - | Minor | 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 | 7,077.1333 | 7,122.2666 | 7,212.5332 | 7,257.6665 | 7,347.9331 | 7,393.0664 | 7,483.3330 |
| Camarilla | 7,265.5648 | 7,277.9765 | 7,290.3881 | 7,302.7998 | 7,315.2115 | 7,327.6231 | 7,340.0348 |
| Woodie | 7,099.7000 | 7,133.5499 | 7,235.0999 | 7,268.9498 | 7,370.4998 | 7,404.3497 | 7,505.8997 |
| Fibonacci | 7,122.2666 | 7,173.9894 | 7,205.9437 | 7,257.6665 | 7,309.3893 | 7,341.3436 | 7,393.0664 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,668.7004 | 5,993.9002 | 6,593.0002 | 6,918.2000 | 7,517.3000 | 7,842.4998 | 8,441.5998 |
| Camarilla | 6,937.9177 | 7,022.6451 | 7,107.3726 | 7,192.1001 | 7,276.8276 | 7,361.5551 | 7,446.2826 |
| Woodie | 5,805.6504 | 6,062.3753 | 6,729.9502 | 6,986.6751 | 7,654.2500 | 7,910.9749 | 8,578.5498 |
| Fibonacci | 5,993.9002 | 6,346.9828 | 6,565.1175 | 6,918.2000 | 7,271.2826 | 7,489.4173 | 7,842.4998 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,404.9661 | 4,520.6330 | 5,856.3665 | 6,972.0334 | 8,307.7669 | 9,423.4338 | 10,759.1673 |
| Camarilla | 6,517.9650 | 6,742.6767 | 6,967.3884 | 7,192.1001 | 7,416.8118 | 7,641.5235 | 7,866.2352 |
| Woodie | 3,514.9995 | 4,575.6497 | 5,966.3999 | 7,027.0501 | 8,417.8003 | 9,478.4505 | 10,869.2007 |
| Fibonacci | 4,520.6330 | 5,457.0679 | 6,035.5984 | 6,972.0334 | 7,908.4683 | 8,486.9988 | 9,423.4338 |
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): | 60.05 | |
| MACD (12,26,9): | 43.7739 | |
| Directional Movement: | 8.6982 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 7,290.6260 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,138.1794 | |
| Elder Ray (13): | 19.9805 | |
| Super Trend (3,10): | 7,104.7564 | |
| Zig ZAG (10): | 7,302.7998 | |
| VORTEX (21): | 1.0522 | |
| Stochastique (14,3,5): | 86.21 | |
| TEMA (21): | 7,269.1955 | |
| Williams %R (14): | -1.38 | |
| Chande Momentum Oscillator (20): | 44.6997 | |
| Repulse (5,40,3): | 1.2863 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0834 | |
| Courbe Coppock: | 1.49 |
| MA7: | 7,030.2571 | |
| MA20: | 6,810.1600 | |
| MA50: | 7,182.5700 | |
| MA100: | 6,441.4720 | |
| MAexp7: | 7,267.1349 | |
| MAexp20: | 7,228.7361 | |
| MAexp50: | 7,106.9117 | |
| MAexp100: | 6,986.7000 | |
| Price / MA7: | +3.88% | |
| Price / MA20: | +7.23% | |
| Price / MA50: | +1.67% | |
| Price / MA100: | +13.37% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +1.02% | |
| Price / MAexp50: | +2.76% | |
| Price / MAexp100: | +4.52% |
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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