IBEX35 FULL0624 - 1H - Technical analysis published on 04/22/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 8,515 EUR
My targets
8,622 EUR (+0.58%)
8,658 EUR (+1.00%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on IBEX35 FULL0521. This is a positive signal for buyers. As long as the price remains above 8,515 EUR, a purchase could be considered. The first bullish objective is located at 8,622 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8,658 EUR as an objective. Crossing it would then enable buyers to target 8,708 EUR. In the event of a return below 8,515 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEX35 FULL0521 rating 8,572 EUR. The price has increased by +0.71% since the last closing with the lowest point at 8,492 EUR and the highest point at 8,583 EUR. The deviation from the price is +0.94% for the low point and -0.13% for the high point.8,492
8,583
8,572
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this IBEX35 FULL0521 chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,467 | 8,515 | 8,561 | 8,572 | 8,622 | 8,658 | 8,708 |
| Change (%) | -1.22% | -0.66% | -0.13% | - | +0.58% | +1.00% | +1.59% |
| Change | -105 | -57 | -11 | - | +50 | +86 | +136 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | 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 | 8,284 | 8,338 | 8,425 | 8,479 | 8,566 | 8,620 | 8,707 |
| Camarilla | 8,473 | 8,486 | 8,499 | 8,512 | 8,525 | 8,538 | 8,551 |
| Woodie | 8,301 | 8,346 | 8,442 | 8,487 | 8,583 | 8,628 | 8,724 |
| Fibonacci | 8,338 | 8,392 | 8,425 | 8,479 | 8,533 | 8,566 | 8,620 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,285 | 8,358 | 8,475 | 8,548 | 8,665 | 8,738 | 8,855 |
| Camarilla | 8,540 | 8,557 | 8,575 | 8,592 | 8,609 | 8,627 | 8,644 |
| Woodie | 8,307 | 8,369 | 8,497 | 8,559 | 8,687 | 8,749 | 8,877 |
| Fibonacci | 8,358 | 8,431 | 8,475 | 8,548 | 8,621 | 8,665 | 8,738 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,759 | 7,972 | 8,266 | 8,479 | 8,773 | 8,986 | 9,280 |
| Camarilla | 8,420 | 8,466 | 8,513 | 8,559 | 8,605 | 8,652 | 8,698 |
| Woodie | 7,799 | 7,992 | 8,306 | 8,499 | 8,813 | 9,006 | 9,320 |
| Fibonacci | 7,972 | 8,166 | 8,286 | 8,479 | 8,673 | 8,793 | 8,986 |
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): | 58.00 | |
| MACD (12,26,9): | 7.0000 | |
| Directional Movement: | 9 | |
| AROON (14): | 64 | |
| DEMA (21): | 8,522 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,429 | |
| Elder Ray (13): | 36 | |
| Super Trend (3,10): | 8,459 | |
| Zig ZAG (10): | 8,568 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 93.00 | |
| TEMA (21): | 8,545 | |
| Williams %R (14): | -6.00 | |
| Chande Momentum Oscillator (20): | 74 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.00 |
| MA7: | 8,550 | |
| MA20: | 8,526 | |
| MA50: | 8,383 | |
| MA100: | 8,214 | |
| MAexp7: | 8,544 | |
| MAexp20: | 8,521 | |
| MAexp50: | 8,530 | |
| MAexp100: | 8,535 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.54% | |
| Price / MA50: | +2.25% | |
| Price / MA100: | +4.36% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +0.43% |
Quotes :
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15 min delayed data
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Spain Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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