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INDITEX
INDITEX
- EUR (-)
- 15 min delayed data - Spain Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ITX
ISIN: ES0148396007

INDITEX - 1H - Technical analysis published on 06/07/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 32.35 EUR
My targets
33.76 EUR (+0.54%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on INDITEX as long as the price remains well above 32.35 EUR. The buyers' bullish objective is set at 33.76 EUR. A bullish break in this resistance would boost the bullish momentum. 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
8.6

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.

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

Additional analysis

Quotes

The INDITEX price is 33.58 EUR. The price has increased by +5.53% since the last closing and was traded between 32.88 EUR and 33.77 EUR over the period. The price is currently at +2.13% from its lowest and -0.56% from its highest.

32.88
33.77
33.58

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



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:

Central Records

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 INDITEX in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 31.91 32.06 32.35 33.58
Change (%) -4.97% -4.53% -3.66% -
Change -1.67 -1.52 -1.23 -
Level Minor Major 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
Standard31.0731.3831.6031.9132.1332.4432.66
Camarilla31.6731.7231.7731.8231.8731.9231.97
Woodie31.0331.3631.5631.8932.0932.4232.62
Fibonacci31.3831.5831.7131.9132.1132.2432.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard30.1930.6231.3831.8132.5733.0033.76
Camarilla31.8231.9332.0432.1532.2632.3732.48
Woodie30.3730.7031.5631.8932.7533.0833.94
Fibonacci30.6231.0731.3531.8132.2632.5433.00


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard28.7929.6230.4531.2832.1132.9433.77
Camarilla30.8330.9931.1431.2931.4431.5931.75
Woodie28.8029.6230.4631.2832.1232.9433.78
Fibonacci29.6230.2530.6431.2831.9132.3032.94

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): 80.33
MACD (12,26,9): 0.2400
Directional Movement: 40.37
AROON (14): 21.43
DEMA (21): 32.47
Parabolic SAR (0,02-0,02-0,2): 31.69
Elder Ray (13): 1.22
Super Trend (3,10): 32.61
Zig ZAG (10): 33.65
VORTEX (21): 1.0600
Stochastique (14,3,5): 71.61
TEMA (21): 32.60
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 1.67
Repulse (5,40,3): 2.1800
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 1.55
MA7: 31.98
MA20: 31.47
MA50: 31.16
MA100: 29.86
MAexp7: 32.61
MAexp20: 32.20
MAexp50: 31.89
MAexp100: 31.64
Price / MA7: +5.00%
Price / MA20: +6.70%
Price / MA50: +7.77%
Price / MA100: +12.46%
Price / MAexp7: +2.97%
Price / MAexp20: +4.29%
Price / MAexp50: +5.30%
Price / MAexp100: +6.13%

Quotes : - 15 min delayed data - Spain Stocks

News


The latest news and videos published on INDITEX at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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