IBEX35 CAP INDEX - Daily - Technical analysis published on 01/03/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 8,537.7400 EUR
My targets
9,070.3300 EUR (+3.03%)
9,396.2200 EUR (+6.73%)
My analysis
The basic bullish trend is very strong on IBEX35 CAP INDEX but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 8,537.7400 EUR. Crossing the first resistance at 9,070.3300 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 9,396.2200 EUR as an objective. Crossing it would then enable buyers to target 9,766.8000 EUR. Caution, a return to below 8,537.7400 EUR would be a sign of a consolidation phase in the short-term basic trend. 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
0
10
7
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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 IBEX35 CAP INDEX price is 8,803.5996 EUR. The price registered a decrease of -0.03% on the session and was traded between 8,803.5996 EUR and 8,803.5996 EUR over the period. The price is currently at 0% from its lowest and 0% from its highest.8,803.5996
8,803.5996
8,803.5996
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of IBEX35 CAP INDEX indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,212.2700 | 8,537.7400 | 8,787.4000 | 8,803.5996 | 9,070.3300 | 9,396.2200 | 9,766.8000 |
| Change (%) | -6.72% | -3.02% | -0.18% | - | +3.03% | +6.73% | +10.94% |
| Change | -591.3296 | -265.8596 | -16.1996 | - | +266.7304 | +592.6204 | +963.2004 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,680.6667 | 8,705.8333 | 8,756.1667 | 8,781.3333 | 8,831.6667 | 8,856.8333 | 8,907.1667 |
| Camarilla | 8,785.7375 | 8,792.6583 | 8,799.5792 | 8,806.5000 | 8,813.4208 | 8,820.3417 | 8,827.2625 |
| Woodie | 8,693.2500 | 8,712.1250 | 8,768.7500 | 8,787.6250 | 8,844.2500 | 8,863.1250 | 8,919.7500 |
| Fibonacci | 8,705.8333 | 8,734.6743 | 8,752.4923 | 8,781.3333 | 8,810.1743 | 8,827.9923 | 8,856.8333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,533.3991 | 8,595.9993 | 8,627.2995 | 8,689.8997 | 8,721.1999 | 8,783.8001 | 8,815.1003 |
| Camarilla | 8,632.7770 | 8,641.3845 | 8,649.9921 | 8,658.5996 | 8,667.2071 | 8,675.8147 | 8,684.4222 |
| Woodie | 8,517.7490 | 8,588.1743 | 8,611.6494 | 8,682.0747 | 8,705.5498 | 8,775.9751 | 8,799.4502 |
| Fibonacci | 8,595.9993 | 8,631.8693 | 8,654.0298 | 8,689.8997 | 8,725.7697 | 8,747.9302 | 8,783.8001 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,121.0996 | 8,311.5996 | 8,485.0996 | 8,675.5996 | 8,849.0996 | 9,039.5996 | 9,213.0996 |
| Camarilla | 8,558.4996 | 8,591.8663 | 8,625.2329 | 8,658.5996 | 8,691.9663 | 8,725.3329 | 8,758.6996 |
| Woodie | 8,112.5996 | 8,307.3496 | 8,476.5996 | 8,671.3496 | 8,840.5996 | 9,035.3496 | 9,204.5996 |
| Fibonacci | 8,311.5996 | 8,450.6476 | 8,536.5516 | 8,675.5996 | 8,814.6476 | 8,900.5516 | 9,039.5996 |
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): | 55.68 | |
| MACD (12,26,9): | 31.8886 | |
| Directional Movement: | 10.5892 | |
| AROON (14): | -28.5715 | |
| DEMA (21): | 8,738.1849 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,511.8531 | |
| Elder Ray (13): | 48.5483 | |
| Super Trend (3,10): | 8,752.3938 | |
| Zig ZAG (10): | 8,741.0000 | |
| VORTEX (21): | 0.8064 | |
| Stochastique (14,3,5): | 71.31 | |
| TEMA (21): | 8,688.2015 | |
| Williams %R (14): | -18.99 | |
| Chande Momentum Oscillator (20): | 86.5000 | |
| Repulse (5,40,3): | 0.1767 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0805 | |
| Courbe Coppock: | 2.15 |
| MA7: | 8,655.8715 | |
| MA20: | 8,719.2300 | |
| MA50: | 8,541.0640 | |
| MA100: | 8,418.3200 | |
| MAexp7: | 8,695.5113 | |
| MAexp20: | 8,681.2372 | |
| MAexp50: | 8,572.0092 | |
| MAexp100: | 8,521.6683 | |
| Price / MA7: | +1.71% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +3.07% | |
| Price / MA100: | +4.58% | |
| Price / MAexp7: | +1.24% | |
| Price / MAexp20: | +1.41% | |
| Price / MAexp50: | +2.70% | |
| Price / MAexp100: | +3.31% |
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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