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 05/05/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 28.59 EUR

My targets

32.34 EUR (+3.09%)

33.09 EUR (+5.48%)

My analysis

The bullish trend is currently very strong on INDITEX. As long as the price remains above the support at 28.59 EUR, you could try to benefit from the boom. The first bullish objective is located at 32.34 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 33.09 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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

The INDITEX rating is 31.37 EUR. The price is lower by -0.19% since the last closing with the lowest point at 31.37 EUR and the highest point at 31.69 EUR. The deviation from the price is 0% for the low point and -1.01% for the high point.

31.37

31.69

31.37

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

Here is a more detailed summary of the historical variations registered by INDITEX:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of INDITEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

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 resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	27.69	28.59	31.13	31.37
Change (%)	-11.73%	-8.86%	-0.77%	-
Change	-3.68	-2.78	-0.24	-
Level	Intermediate	Minor	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	30.21	30.52	30.97	31.28	31.73	32.04	32.49
Camarilla	31.22	31.29	31.36	31.43	31.50	31.57	31.64
Woodie	30.29	30.56	31.05	31.32	31.81	32.08	32.57
Fibonacci	30.52	30.81	30.99	31.28	31.57	31.75	32.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.94	30.35	30.75	31.16	31.56	31.97	32.37
Camarilla	30.94	31.01	31.09	31.16	31.23	31.31	31.38
Woodie	29.95	30.35	30.76	31.16	31.57	31.97	32.38
Fibonacci	30.35	30.66	30.85	31.16	31.47	31.66	31.97

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.07	29.66	30.41	31.00	31.75	32.34	33.09
Camarilla	30.79	30.91	31.04	31.16	31.28	31.41	31.53
Woodie	29.15	29.70	30.49	31.04	31.83	32.38	33.17
Fibonacci	29.66	30.17	30.49	31.00	31.51	31.83	32.34

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):	60.40
MACD (12,26,9):	0.3800
Directional Movement:	11.90
AROON (14):	21.43
DEMA (21):	31.53
Parabolic SAR (0,02-0,02-0,2):	30.71
Elder Ray (13):	0.38
Super Trend (3,10):	30.00
Zig ZAG (10):	31.43
VORTEX (21):	1.0700
Stochastique (14,3,5):	68.10
TEMA (21):	31.45
Williams %R (14):	-27.00
Chande Momentum Oscillator (20):	-0.03
Repulse (5,40,3):	0.3400
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	2.11

MA7:	31.20
MA20:	31.12
MA50:	29.98
MA100:	28.51
MAexp7:	31.25
MAexp20:	30.98
MAexp50:	30.07
MAexp100:	28.65
Price / MA7:	+0.54%
Price / MA20:	+0.80%
Price / MA50:	+4.64%
Price / MA100:	+10.03%
Price / MAexp7:	+0.38%
Price / MAexp20:	+1.26%
Price / MAexp50:	+4.32%
Price / MAexp100:	+9.49%

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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