IBEXX3 NET

INDR

- EUR (-)

- 15 min delayed data - Spain Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	INDR
ISIN:	ES0SI0000179

IBEXX3 NET - Daily - Technical analysis published on 07/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 7,369.5999 EUR

My targets

8,340.2000 EUR (+5.06%)

9,171.9001 EUR (+15.54%)

My analysis

The bullish trend is currently very strong on IBEXX3 NET. As long as the price remains above the support at 7,369.5999 EUR, you could try to benefit from the boom. The first bullish objective is located at 8,340.2000 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9,171.9001 EUR as an objective. Crossing it would then enable buyers to target 10,200.8000 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

Comment on the analysis

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

IBEXX3 NET rating 7,938.2998 EUR. On the day, this instrument gained +3.43% with the lowest point at 7,707.2002 EUR and the highest point at 7,946.2002 EUR. The deviation from the price is +3.00% for the low point and -0.10% for the high point.

7,707.2002

7,946.2002

7,938.2998

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by IBEXX3 NET:

Technical

Technical analysis of IBEXX3 NET in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5,330.3000	6,815.3200	7,876.9000	7,938.2998	8,340.2000	10,200.8000	11,277.6000
Change (%)	-32.85%	-14.15%	-0.77%	-	+5.06%	+28.50%	+42.07%
Change	-2,607.9998	-1,122.9798	-61.3998	-	+401.9002	+2,262.5002	+3,339.3002
Level	Major	Major	Major	-	Intermediate	Minor	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	7,244.9333	7,333.5667	7,504.4333	7,593.0667	7,763.9333	7,852.5667	8,023.4333
Camarilla	7,603.9373	7,627.7248	7,651.5123	7,675.2998	7,699.0873	7,722.8748	7,746.6623
Woodie	7,286.0498	7,354.1250	7,545.5498	7,613.6250	7,805.0498	7,873.1250	8,064.5498
Fibonacci	7,333.5667	7,432.6957	7,493.9377	7,593.0667	7,692.1957	7,753.4377	7,852.5667

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,890.7991	6,583.2995	7,025.3997	7,717.9001	8,160.0003	8,852.5007	9,294.6009
Camarilla	7,155.4848	7,259.4899	7,363.4950	7,467.5000	7,571.5051	7,675.5101	7,779.5152
Woodie	5,765.5991	6,520.6995	6,900.1997	7,655.3001	8,034.8003	8,789.9007	9,169.4009
Fibonacci	6,583.2995	7,016.7169	7,284.4826	7,717.9001	8,151.3175	8,419.0832	8,852.5007

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6,048.9998	6,530.6999	7,369.5999	7,851.3000	8,690.2000	9,171.9001	10,010.8001
Camarilla	7,845.3350	7,966.3900	8,087.4450	8,208.5000	8,329.5550	8,450.6100	8,571.6650
Woodie	6,227.5999	6,619.9999	7,548.2000	7,940.6000	8,868.8001	9,261.2001	10,189.4002
Fibonacci	6,530.6999	7,035.1691	7,346.8307	7,851.3000	8,355.7692	8,667.4308	9,171.9001

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):	55.08
MACD (12,26,9):	60.6148
Directional Movement:	2.8075
AROON (14):	42.8572
DEMA (21):	7,839.7047
Parabolic SAR (0,02-0,02-0,2):	8,262.1341
Elder Ray (13):	46.6205
Super Trend (3,10):	8,196.5403
Zig ZAG (10):	7,904.7998
VORTEX (21):	1.0289
Stochastique (14,3,5):	39.38
TEMA (21):	7,807.4719
Williams %R (14):	-42.51
Chande Momentum Oscillator (20):	509.5996
Repulse (5,40,3):	4.7263
ROCnROLL:	1
TRIX (15,9):	0.2013
Courbe Coppock:	2.16

MA7:	7,748.9000
MA20:	7,793.1100
MA50:	7,507.2540
MA100:	7,383.0800
MAexp7:	7,751.7729
MAexp20:	7,738.4785
MAexp50:	7,575.6600
MAexp100:	7,285.3462
Price / MA7:	+2.44%
Price / MA20:	+1.86%
Price / MA50:	+5.74%
Price / MA100:	+7.52%
Price / MAexp7:	+2.41%
Price / MAexp20:	+2.58%
Price / MAexp50:	+4.79%
Price / MAexp100:	+8.96%

Quotes : - 15 min delayed data - Spain Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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