IBEX35 CAP INDEX - Daily - Technical analysis published on 10/31/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 8,212.2700 EUR
My targets
8,565.9900 EUR (+2.84%)
8,747.3300 EUR (+5.02%)
My analysis
The strong short-term increase in IBEX35 CAP INDEX calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 8,212.2700 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 8,565.9900 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8,747.3300 EUR as an objective. Crossing it would then enable buyers to target 8,959.9500 EUR. Caution, a return under 8,212.2700 EUR could jeopardize the reversal.
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
0
10
3.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEX35 CAP INDEX rating 8,329.5996 EUR. The price registered an increase of +0.00% on the session with the lowest point at 8,329.5996 EUR and the highest point at 8,329.5996 EUR. The deviation from the price is 0% for the low point and 0% for the high point.8,329.5996
8,329.5996
8,329.5996
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
Here is a more detailed summary of the historical variations registered by IBEX35 CAP INDEX:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this IBEX35 CAP INDEX chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Doji
Type : Neutral
Timeframe : Daily
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,553.1000 | 8,044.2700 | 8,212.2700 | 8,329.5996 | 8,565.9900 | 8,747.3300 | 8,959.9500 |
| Change (%) | -9.32% | -3.43% | -1.41% | - | +2.84% | +5.02% | +7.57% |
| Change | -776.4996 | -285.3296 | -117.3296 | - | +236.3904 | +417.7304 | +630.3504 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Major |
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 | 8,229.7002 | 8,249.7002 | 8,289.7002 | 8,309.7002 | 8,349.7002 | 8,369.7002 | 8,409.7002 |
| Camarilla | 8,313.2002 | 8,318.7002 | 8,324.2002 | 8,329.7002 | 8,335.2002 | 8,340.7002 | 8,346.2002 |
| Woodie | 8,239.7002 | 8,254.7002 | 8,299.7002 | 8,314.7002 | 8,359.7002 | 8,374.7002 | 8,419.7002 |
| Fibonacci | 8,249.7002 | 8,272.6202 | 8,286.7802 | 8,309.7002 | 8,332.6202 | 8,346.7802 | 8,369.7002 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,800.4668 | 7,908.2334 | 8,118.9668 | 8,226.7334 | 8,437.4668 | 8,545.2334 | 8,755.9668 |
| Camarilla | 8,242.1127 | 8,271.3085 | 8,300.5044 | 8,329.7002 | 8,358.8960 | 8,388.0919 | 8,417.2877 |
| Woodie | 7,851.9502 | 7,933.9751 | 8,170.4502 | 8,252.4751 | 8,488.9502 | 8,570.9751 | 8,807.4502 |
| Fibonacci | 7,908.2334 | 8,029.9004 | 8,105.0664 | 8,226.7334 | 8,348.4004 | 8,423.5664 | 8,545.2334 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,313.5999 | 6,966.9001 | 7,359.0999 | 8,012.4001 | 8,404.5999 | 9,057.9001 | 9,450.0999 |
| Camarilla | 7,463.7873 | 7,559.6248 | 7,655.4623 | 7,751.2998 | 7,847.1373 | 7,942.9748 | 8,038.8123 |
| Woodie | 6,183.0498 | 6,901.6250 | 7,228.5498 | 7,947.1250 | 8,274.0498 | 8,992.6250 | 9,319.5498 |
| Fibonacci | 6,966.9001 | 7,366.2811 | 7,613.0191 | 8,012.4001 | 8,411.7811 | 8,658.5191 | 9,057.9001 |
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): | 62.00 | |
| MACD (12,26,9): | 53.5627 | |
| Directional Movement: | 12.9676 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 8,123.7974 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,877.1605 | |
| Elder Ray (13): | 192.6771 | |
| Super Trend (3,10): | 8,028.7549 | |
| Zig ZAG (10): | 8,329.5996 | |
| VORTEX (21): | 1.0761 | |
| Stochastique (14,3,5): | 99.58 | |
| TEMA (21): | 8,263.8644 | |
| Williams %R (14): | -0.64 | |
| Chande Momentum Oscillator (20): | 597.1997 | |
| Repulse (5,40,3): | 1.7998 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0470 | |
| Courbe Coppock: | 10.53 |
| MA7: | 8,213.9572 | |
| MA20: | 7,998.1700 | |
| MA50: | 8,161.1620 | |
| MA100: | 8,374.3090 | |
| MAexp7: | 8,229.9639 | |
| MAexp20: | 8,096.3604 | |
| MAexp50: | 8,173.3669 | |
| MAexp100: | 8,356.1243 | |
| Price / MA7: | +1.41% | |
| Price / MA20: | +4.14% | |
| Price / MA50: | +2.06% | |
| Price / MA100: | -0.53% | |
| Price / MAexp7: | +1.21% | |
| Price / MAexp20: | +2.88% | |
| Price / MAexp50: | +1.91% | |
| Price / MAexp100: | -0.32% |
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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