INDITEX

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ITX
ISIN:	ES0148396007

INDITEX - Daily - Technical analysis published on 09/12/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 23.247 EUR

My targets

20.343 EUR (-8.65%)

19.155 EUR (-13.99%)

My analysis

In the short term, we can see an acceleration in the bearish trend on INDITEX, which is a positive signal for sellers. As long as the price remains above 23.247 EUR, a sale could be considered. The first bearish objective is located at 20.343 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 19.155 EUR as an objective. Crossing it would then enable sellers to target 10.718 EUR. If the price were to return above 23.247 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

2.9

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.

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Additional analysis

Quotes

The INDITEX price is 22.270 EUR. On the day, this instrument gained +3.73% and was traded between 21.630 EUR and 22.290 EUR over the period. The price is currently at +2.96% from its lowest and -0.09% from its highest.

21.630

22.290

22.270

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this INDITEX chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.718	19.155	20.343	22.270	23.247	25.681	27.264
Change (%)	-51.87%	-13.99%	-8.65%	-	+4.39%	+15.32%	+22.42%
Change	-11.552	-3.115	-1.927	-	+0.977	+3.411	+4.994
Level	Minor	Major	Intermediate	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.590	20.850	21.160	21.420	21.730	21.990	22.300
Camarilla	21.313	21.366	21.418	21.470	21.522	21.575	21.627
Woodie	20.615	20.863	21.185	21.433	21.755	22.003	22.325
Fibonacci	20.850	21.068	21.202	21.420	21.638	21.772	21.990

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.303	19.917	20.693	21.307	22.083	22.697	23.473
Camarilla	21.088	21.215	21.343	21.470	21.597	21.725	21.852
Woodie	19.385	19.958	20.775	21.348	22.165	22.738	23.555
Fibonacci	19.917	20.448	20.776	21.307	21.838	22.166	22.697

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.343	18.397	19.973	23.027	24.603	27.657	29.233
Camarilla	20.277	20.701	21.126	21.550	21.974	22.399	22.823
Woodie	14.605	18.028	19.235	22.658	23.865	27.288	28.495
Fibonacci	18.397	20.165	21.258	23.027	24.795	25.888	27.657

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):	45.07
MACD (12,26,9):	-0.6900
Directional Movement:	-7.908
AROON (14):	-85.714
DEMA (21):	21.617
Parabolic SAR (0,02-0,02-0,2):	20.530
Elder Ray (13):	-0.097
Super Trend (3,10):	23.016
Zig ZAG (10):	22.220
VORTEX (21):	0.6960
Stochastique (14,3,5):	30.85
TEMA (21):	21.014
Williams %R (14):	-47.11
Chande Momentum Oscillator (20):	-0.860
Repulse (5,40,3):	4.4160
ROCnROLL:	-1
TRIX (15,9):	-0.3880
Courbe Coppock:	22.00

MA7:	21.539
MA20:	22.780
MA50:	23.569
MA100:	22.471
MAexp7:	21.721
MAexp20:	22.448
MAexp50:	22.951
MAexp100:	23.012
Price / MA7:	+3.39%
Price / MA20:	-2.24%
Price / MA50:	-5.51%
Price / MA100:	-0.89%
Price / MAexp7:	+2.53%
Price / MAexp20:	-0.79%
Price / MAexp50:	-2.97%
Price / MAexp100:	-3.22%

Quotes : - 15 min delayed data - Spain Stocks

News

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

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

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Londinia AI

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