IBEXX5 NET - Daily - Technical analysis published on 07/20/2023 (GMT)
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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
72%
11%
17%
My opinion
Bullish above 361.6800 EUR
My targets
386.1500 EUR (+5.10%)
410.7667 EUR (+11.80%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IBEXX5 NET as long as the price remains well above 361.6800 EUR. The buyers' bullish objective is set at 386.1500 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 410.7667 EUR. If there is any crossing, the next objective would be the resistance located at 1,830.6000 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 IBEXX5 NET price is 367.4000 EUR. The price registered an increase of +3.32% on the session and was traded between 354.0000 EUR and 372.0000 EUR over the period. The price is currently at +3.79% from its lowest and -1.24% from its highest.354.0000
372.0000
367.4000
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of IBEXX5 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
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 : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 283.0220 | 319.2730 | 361.6800 | 367.4000 | 386.1500 | 1,830.6000 | 2,490.4000 |
| Change (%) | -22.97% | -13.10% | -1.56% | - | +5.10% | +398.26% | +577.84% |
| Change | -84.3780 | -48.1270 | -5.7200 | - | +18.7500 | +1,463.2000 | +2,123.0000 |
| Level | Minor | Major | Intermediate | - | Major | Minor | 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 | 329.5000 | 340.8000 | 348.2000 | 359.5000 | 366.9000 | 378.2000 | 385.6000 |
| Camarilla | 350.4575 | 352.1717 | 353.8858 | 355.6000 | 357.3142 | 359.0283 | 360.7425 |
| Woodie | 327.5500 | 339.8250 | 346.2500 | 358.5250 | 364.9500 | 377.2250 | 383.6500 |
| Fibonacci | 340.8000 | 347.9434 | 352.3566 | 359.5000 | 366.6434 | 371.0566 | 378.2000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 256.5667 | 282.5333 | 318.1667 | 344.1333 | 379.7667 | 405.7333 | 441.3667 |
| Camarilla | 336.8600 | 342.5067 | 348.1533 | 353.8000 | 359.4467 | 365.0933 | 370.7400 |
| Woodie | 261.4000 | 284.9500 | 323.0000 | 346.5500 | 384.6000 | 408.1500 | 446.2000 |
| Fibonacci | 282.5333 | 306.0645 | 320.6021 | 344.1333 | 367.6645 | 382.2021 | 405.7333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 222.7667 | 257.2333 | 316.7667 | 351.2333 | 410.7667 | 445.2333 | 504.7667 |
| Camarilla | 350.4500 | 359.0667 | 367.6833 | 376.3000 | 384.9167 | 393.5333 | 402.1500 |
| Woodie | 235.3000 | 263.5000 | 329.3000 | 357.5000 | 423.3000 | 451.5000 | 517.3000 |
| Fibonacci | 257.2333 | 293.1413 | 315.3253 | 351.2333 | 387.1413 | 409.3253 | 445.2333 |
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): | 59.43 | |
| MACD (12,26,9): | 6.7117 | |
| Directional Movement: | 7.2243 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 358.4197 | |
| Parabolic SAR (0,02-0,02-0,2): | 307.7860 | |
| Elder Ray (13): | 10.0617 | |
| Super Trend (3,10): | 374.2905 | |
| Zig ZAG (10): | 369.4000 | |
| VORTEX (21): | 0.9995 | |
| Stochastique (14,3,5): | 63.38 | |
| TEMA (21): | 359.0845 | |
| Williams %R (14): | -26.53 | |
| Chande Momentum Oscillator (20): | -10.3000 | |
| Repulse (5,40,3): | 3.9439 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2598 | |
| Courbe Coppock: | 1.07 |
| MA7: | 358.0857 | |
| MA20: | 349.3700 | |
| MA50: | 332.9680 | |
| MA100: | 323.6400 | |
| MAexp7: | 356.7222 | |
| MAexp20: | 349.4989 | |
| MAexp50: | 337.6378 | |
| MAexp100: | 320.6663 | |
| Price / MA7: | +2.60% | |
| Price / MA20: | +5.16% | |
| Price / MA50: | +10.34% | |
| Price / MA100: | +13.52% | |
| Price / MAexp7: | +2.99% | |
| Price / MAexp20: | +5.12% | |
| Price / MAexp50: | +8.81% | |
| Price / MAexp100: | +14.57% |
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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