IBERPAPEL

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	IBG
ISIN:	ES0147561015

IBERPAPEL - Daily - Technical analysis published on 08/05/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 18.39 EUR

My targets

17.11 EUR (-4.94%)

16.45 EUR (-8.61%)

My analysis

IBERPAPEL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 18.39 EUR. The next support located at 17.11 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 16.45 EUR. Below this support, sellers could then target 15.38 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

IBERPAPEL rating 18.00 EUR. The price registered an increase of +0.84% on the session and was traded between 17.85 EUR and 18.20 EUR over the period. The price is currently at +0.84% from its lowest and -1.10% from its highest.

17.85

18.20

18.00

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of IBERPAPEL indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.45	17.11	17.80	18.00	18.39	18.90	19.27
Change (%)	-8.61%	-4.94%	-1.11%	-	+2.17%	+5.00%	+7.06%
Change	-1.55	-0.89	-0.20	-	+0.39	+0.90	+1.27
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Major

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	16.72	17.28	17.57	18.13	18.42	18.98	19.27
Camarilla	17.62	17.69	17.77	17.85	17.93	18.01	18.08
Woodie	16.58	17.21	17.43	18.06	18.28	18.91	19.13
Fibonacci	17.28	17.61	17.81	18.13	18.46	18.66	18.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.18	17.02	17.43	18.27	18.68	19.52	19.93
Camarilla	17.51	17.62	17.74	17.85	17.97	18.08	18.19
Woodie	15.98	16.91	17.23	18.16	18.48	19.41	19.73
Fibonacci	17.02	17.49	17.79	18.27	18.74	19.04	19.52

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.50	18.10	18.40	19.00	19.30	19.90	20.20
Camarilla	18.45	18.54	18.62	18.70	18.78	18.87	18.95
Woodie	17.35	18.03	18.25	18.93	19.15	19.83	20.05
Fibonacci	18.10	18.44	18.66	19.00	19.34	19.56	19.90

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):	26.13
MACD (12,26,9):	-0.2700
Directional Movement:	-12.13
AROON (14):	-64.29
DEMA (21):	18.43
Parabolic SAR (0,02-0,02-0,2):	19.26
Elder Ray (13):	-0.57
Super Trend (3,10):	19.15
Zig ZAG (10):	17.85
VORTEX (21):	0.7900
Stochastique (14,3,5):	0.00
TEMA (21):	18.24
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-0.95
Repulse (5,40,3):	-7.2200
ROCnROLL:	2
TRIX (15,9):	-0.1300
Courbe Coppock:	6.62

MA7:	18.49
MA20:	18.83
MA50:	19.16
MA100:	19.06
MAexp7:	18.37
MAexp20:	18.74
MAexp50:	18.99
MAexp100:	18.87
Price / MA7:	-2.65%
Price / MA20:	-4.41%
Price / MA50:	-6.05%
Price / MA100:	-5.56%
Price / MAexp7:	-2.01%
Price / MAexp20:	-3.95%
Price / MAexp50:	-5.21%
Price / MAexp100:	-4.61%

Quotes : - 15 min delayed data - Spain Stocks

News

Don't forget to follow the news on IBERPAPEL. At the time of publication of this analysis, the latest news was as follows:

Iberpapel Gestion

This member declared not having a position on this financial instrument or a related financial instrument.

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