IBEX X3 - 1H - Technical analysis published on 02/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 623.4333 EUR
My targets
638.6000 EUR (+1.12%)
653.1000 EUR (+3.42%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 623.4333 EUR remains possible. It is advisable to trade IBEX X3 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 623.4333 EUR. The next bullish objective for buyers is set at 638.6000 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 653.1000 EUR. If there is any crossing, the next objective would be the resistance located at 665.3000 EUR. PS: if there is a bearish break in the support located at 623.4333 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.8
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Additional analysis
Quotes
The IBEX X3 rating is 631.5000 EUR. The price has increased by +1.56% since the last closing and was traded between 625.3000 EUR and 643.8000 EUR over the period. The price is currently at +0.99% from its lowest and -1.91% from its highest.625.3000
643.8000
631.5000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IBEX X3 indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 604.4231 | 615.7385 | 623.4333 | 631.5000 | 638.6000 | 653.1000 | 665.3000 |
| Change (%) | -4.29% | -2.50% | -1.28% | - | +1.12% | +3.42% | +5.35% |
| Change | -27.0769 | -15.7615 | -8.0667 | - | +7.1000 | +21.6000 | +33.8000 |
| Level | Major | Major | Major | - | Major | Minor | Intermediate |
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 | 579.0000 | 597.8000 | 609.8000 | 628.6000 | 640.6000 | 659.4000 | 671.4000 |
| Camarilla | 613.3300 | 616.1533 | 618.9767 | 621.8000 | 624.6233 | 627.4467 | 630.2700 |
| Woodie | 575.6000 | 596.1000 | 606.4000 | 626.9000 | 637.2000 | 657.7000 | 668.0000 |
| Fibonacci | 597.8000 | 609.5656 | 616.8344 | 628.6000 | 640.3656 | 647.6344 | 659.4000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 565.1667 | 579.0333 | 593.9667 | 607.8333 | 622.7667 | 636.6333 | 651.5667 |
| Camarilla | 600.9800 | 603.6200 | 606.2600 | 608.9000 | 611.5400 | 614.1800 | 616.8200 |
| Woodie | 565.7000 | 579.3000 | 594.5000 | 608.1000 | 623.3000 | 636.9000 | 652.1000 |
| Fibonacci | 579.0333 | 590.0349 | 596.8317 | 607.8333 | 618.8349 | 625.6317 | 636.6333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 489.6333 | 537.6667 | 585.8333 | 633.8667 | 682.0333 | 730.0667 | 778.2333 |
| Camarilla | 607.5450 | 616.3633 | 625.1817 | 634.0000 | 642.8183 | 651.6367 | 660.4550 |
| Woodie | 489.7000 | 537.7000 | 585.9000 | 633.9000 | 682.1000 | 730.1000 | 778.3000 |
| Fibonacci | 537.6667 | 574.4151 | 597.1183 | 633.8667 | 670.6151 | 693.3183 | 730.0667 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.01 | |
| MACD (12,26,9): | 1.9212 | |
| Directional Movement: | -3.2063 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 636.9892 | |
| Parabolic SAR (0,02-0,02-0,2): | 619.5653 | |
| Elder Ray (13): | -4.0544 | |
| Super Trend (3,10): | 620.5624 | |
| Zig ZAG (10): | 630.1000 | |
| VORTEX (21): | 0.9105 | |
| Stochastique (14,3,5): | 48.38 | |
| TEMA (21): | 634.5089 | |
| Williams %R (14): | -48.90 | |
| Chande Momentum Oscillator (20): | -12.4000 | |
| Repulse (5,40,3): | -0.7740 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 1.54 |
| MA7: | 618.3571 | |
| MA20: | 620.7650 | |
| MA50: | 638.0740 | |
| MA100: | 580.4050 | |
| MAexp7: | 633.9164 | |
| MAexp20: | 633.4060 | |
| MAexp50: | 626.7367 | |
| MAexp100: | 622.3041 | |
| Price / MA7: | +2.13% | |
| Price / MA20: | +1.73% | |
| Price / MA50: | -1.03% | |
| Price / MA100: | +8.80% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -0.30% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +1.48% |
Quotes :
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15 min delayed data
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Spain Indices
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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