IBEX35 FULL0624 - 1H - Technical analysis published on 03/03/2022 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 8,259 EUR
My targets
8,033 EUR (-1.36%)
7,856 EUR (-3.54%)
My analysis
The bearish basic trend is very strong on IBEX35 FULL0322 but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 8,259 EUR. Crossing the first support at 8,033 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 7,856 EUR as an objective. Crossing it would then enable sellers to target 7,105 EUR. Caution, a return to above the resistance located at 8,259 EUR would be a sign of a possible consolidation phase of 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 bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7
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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 FULL0322 rating 8,144 EUR. On the day, this instrument lost -2.32% and was between 8,135 EUR and 8,345 EUR. This implies that the price is at +0.11% from its lowest and at -2.41% from its highest.8,135
8,345
8,144
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IBEX35 FULL0322 indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,105 | 7,856 | 8,033 | 8,144 | 8,259 | 8,502 | 8,582 |
| Change (%) | -12.76% | -3.54% | -1.36% | - | +1.41% | +4.40% | +5.38% |
| Change | -1,039 | -288 | -111 | - | +115 | +358 | +438 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 7,856 | 7,964 | 8,151 | 8,259 | 8,446 | 8,554 | 8,741 |
| Camarilla | 8,256 | 8,283 | 8,310 | 8,337 | 8,364 | 8,391 | 8,418 |
| Woodie | 7,895 | 7,984 | 8,190 | 8,279 | 8,485 | 8,574 | 8,780 |
| Fibonacci | 7,964 | 8,077 | 8,147 | 8,259 | 8,372 | 8,442 | 8,554 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,502 | 7,767 | 8,130 | 8,395 | 8,758 | 9,023 | 9,386 |
| Camarilla | 8,320 | 8,378 | 8,435 | 8,493 | 8,551 | 8,608 | 8,666 |
| Woodie | 7,551 | 7,792 | 8,179 | 8,420 | 8,807 | 9,048 | 9,435 |
| Fibonacci | 7,767 | 8,007 | 8,155 | 8,395 | 8,635 | 8,783 | 9,023 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,113 | 7,572 | 7,985 | 8,444 | 8,857 | 9,316 | 9,729 |
| Camarilla | 8,157 | 8,237 | 8,317 | 8,397 | 8,477 | 8,557 | 8,637 |
| Woodie | 7,089 | 7,561 | 7,961 | 8,433 | 8,833 | 9,305 | 9,705 |
| Fibonacci | 7,572 | 7,905 | 8,111 | 8,444 | 8,777 | 8,983 | 9,316 |
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): | 37.00 | |
| MACD (12,26,9): | -29.0000 | |
| Directional Movement: | -14 | |
| AROON (14): | -64 | |
| DEMA (21): | 8,211 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,355 | |
| Elder Ray (13): | -88 | |
| Super Trend (3,10): | 8,337 | |
| Zig ZAG (10): | 8,140 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 2.00 | |
| TEMA (21): | 8,198 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -157 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 8,311 | |
| MA20: | 8,525 | |
| MA50: | 8,615 | |
| MA100: | 8,657 | |
| MAexp7: | 8,202 | |
| MAexp20: | 8,246 | |
| MAexp50: | 8,291 | |
| MAexp100: | 8,359 | |
| Price / MA7: | -2.01% | |
| Price / MA20: | -4.47% | |
| Price / MA50: | -5.47% | |
| Price / MA100: | -5.93% | |
| Price / MAexp7: | -0.71% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -1.77% | |
| Price / MAexp100: | -2.57% |
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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