INDITEX - 1H - Technical analysis published on 01/20/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
11%
56%
My opinion
Bearish under 49.62 EUR
My targets
48.93 EUR (-0.69%)
47.15 EUR (-4.30%)
My analysis
INDITEX 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 49.62 EUR. The next support located at 48.93 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 47.15 EUR. Below this support, sellers could then target 45.01 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INDITEX price is 49.27 EUR. The price is lower by -0.22% since the last closing and was traded between 49.10 EUR and 49.71 EUR over the period. The price is currently at +0.35% from its lowest and -0.89% from its highest.49.10
49.71
49.27
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of INDITEX indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 10 are neutral and 2 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 47.15 | 48.93 | 49.23 | 49.27 | 49.62 | 49.91 | 50.28 |
| Change (%) | -4.30% | -0.69% | -0.08% | - | +0.71% | +1.30% | +2.05% |
| Change | -2.12 | -0.34 | -0.04 | - | +0.35 | +0.64 | +1.01 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.59 | 48.82 | 49.10 | 49.33 | 49.61 | 49.84 | 50.12 |
| Camarilla | 49.24 | 49.29 | 49.33 | 49.38 | 49.43 | 49.47 | 49.52 |
| Woodie | 48.62 | 48.83 | 49.13 | 49.34 | 49.64 | 49.85 | 50.15 |
| Fibonacci | 48.82 | 49.02 | 49.14 | 49.33 | 49.53 | 49.65 | 49.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.22 | 47.54 | 48.46 | 49.78 | 50.70 | 52.02 | 52.94 |
| Camarilla | 48.76 | 48.97 | 49.18 | 49.38 | 49.59 | 49.79 | 50.00 |
| Woodie | 46.02 | 47.44 | 48.26 | 49.68 | 50.50 | 51.92 | 52.74 |
| Fibonacci | 47.54 | 48.40 | 48.92 | 49.78 | 50.64 | 51.16 | 52.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.52 | 44.23 | 46.93 | 51.64 | 54.34 | 59.05 | 61.75 |
| Camarilla | 47.60 | 48.28 | 48.96 | 49.64 | 50.32 | 51.00 | 51.68 |
| Woodie | 38.53 | 43.73 | 45.94 | 51.14 | 53.35 | 58.55 | 60.76 |
| Fibonacci | 44.23 | 47.06 | 48.81 | 51.64 | 54.47 | 56.22 | 59.05 |
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): | 46.35 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | 10.38 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 49.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 49.05 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 49.85 | |
| Zig ZAG (10): | 49.29 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 47.98 | |
| TEMA (21): | 49.23 | |
| Williams %R (14): | -69.70 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.15 |
| MA7: | 49.48 | |
| MA20: | 49.89 | |
| MA50: | 51.27 | |
| MA100: | 51.44 | |
| MAexp7: | 49.30 | |
| MAexp20: | 49.40 | |
| MAexp50: | 49.61 | |
| MAexp100: | 49.88 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -1.24% | |
| Price / MA50: | -3.90% | |
| Price / MA100: | -4.22% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -1.22% |
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:
- Apranga Group extends successful collaboration with Inditex
- Apranga Group extends successful collaboration with Inditex
-
UK GDP latest, Poland's Duda visits Washington, Inditex results
-
Key Brexit votes, energy leaders' shale focus, Inditex reports
-
Brexit deal vote, ECB meeting, Inditex results
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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