IBA - 1H - Technical analysis published on 07/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 13.13 EUR
My targets
13.49 EUR (+0.67%)
13.80 EUR (+2.99%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IBA as long as the price remains well above 13.13 EUR. The buyers' bullish objective is set at 13.49 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.80 EUR. If there is any crossing, the next objective would be the resistance located at 14.31 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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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 IBA rating is 13.40 EUR. The price registered an increase of +4.69% on the session with the lowest point at 12.94 EUR and the highest point at 13.40 EUR. The deviation from the price is +3.55% for the low point and 0% for the high point.12.94
13.40
13.40
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IBA:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of IBA in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
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 : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.71 | 12.46 | 13.13 | 13.40 | 13.49 | 13.80 | 14.31 |
| Change (%) | -12.61% | -7.01% | -2.01% | - | +0.67% | +2.99% | +6.79% |
| Change | -1.69 | -0.94 | -0.27 | - | +0.09 | +0.40 | +0.91 |
| Level | Major | Major | Intermediate | - | Intermediate | 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 | 12.63 | 12.79 | 13.09 | 13.25 | 13.55 | 13.71 | 14.01 |
| Camarilla | 13.27 | 13.32 | 13.36 | 13.40 | 13.44 | 13.48 | 13.53 |
| Woodie | 12.71 | 12.83 | 13.17 | 13.29 | 13.63 | 13.75 | 14.09 |
| Fibonacci | 12.79 | 12.96 | 13.07 | 13.25 | 13.42 | 13.53 | 13.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.63 | 12.79 | 13.09 | 13.25 | 13.55 | 13.71 | 14.01 |
| Camarilla | 13.27 | 13.32 | 13.36 | 13.40 | 13.44 | 13.48 | 13.53 |
| Woodie | 12.71 | 12.83 | 13.17 | 13.29 | 13.63 | 13.75 | 14.09 |
| Fibonacci | 12.79 | 12.96 | 13.07 | 13.25 | 13.42 | 13.53 | 13.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.21 | 9.11 | 10.55 | 12.45 | 13.89 | 15.79 | 17.23 |
| Camarilla | 11.06 | 11.37 | 11.67 | 11.98 | 12.29 | 12.59 | 12.90 |
| Woodie | 6.97 | 9.00 | 10.31 | 12.34 | 13.65 | 15.68 | 16.99 |
| Fibonacci | 9.11 | 10.39 | 11.18 | 12.45 | 13.73 | 14.52 | 15.79 |
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): | 71.49 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 27.90 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 13.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.86 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 12.97 | |
| Zig ZAG (10): | 13.40 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 97.22 | |
| TEMA (21): | 13.28 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.50 | |
| Repulse (5,40,3): | 2.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 3.72 |
| MA7: | 12.80 | |
| MA20: | 12.50 | |
| MA50: | 13.26 | |
| MA100: | 12.82 | |
| MAexp7: | 13.22 | |
| MAexp20: | 13.04 | |
| MAexp50: | 12.84 | |
| MAexp100: | 12.71 | |
| Price / MA7: | +4.69% | |
| Price / MA20: | +7.20% | |
| Price / MA50: | +1.06% | |
| Price / MA100: | +4.52% | |
| Price / MAexp7: | +1.36% | |
| Price / MAexp20: | +2.76% | |
| Price / MAexp50: | +4.36% | |
| Price / MAexp100: | +5.43% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on IBA. At the time of publication of this analysis, the latest news was as follows:
- IBA signs contract with Yale New Haven Health and Hartford HealthCare to install Proteus®ONE proton therapy solution in Connecticut, US
- IBA Reports Full Year 2023 Results
- PanTera signs a second agreement for the supply of actinium-225
- IBA signs contract with IAEA for the installation of a Cyclone® KEY in Benin, West Africa
- IBA Notice of Full Year 2023 Results and Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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