IBEX X3 - 1H - Technical analysis published on 05/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 833.8000 EUR
My targets
848.1000 EUR (+1.06%)
870.3667 EUR (+3.71%)
My analysis
The bullish trend is currently very strong on IBEX X3. As long as the price remains above the support at 833.8000 EUR, you could try to benefit from the boom. The first bullish objective is located at 848.1000 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 870.3667 EUR as an objective. Crossing it would then enable buyers to target 2,052.8335 EUR. 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, 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
8.8
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Additional analysis
Quotes
IBEX X3 rating 839.2000 EUR. On the day, this instrument gained +1.48% and was between 823.8000 EUR and 839.3000 EUR. This implies that the price is at +1.87% from its lowest and at -0.01% from its highest.823.8000
839.3000
839.2000
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.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 IBEX X3 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 757.7667 | 795.5000 | 833.8000 | 839.2000 | 848.1000 | 2,052.8335 | 3,607.0000 |
| Change (%) | -9.70% | -5.21% | -0.64% | - | +1.06% | +144.62% | +329.81% |
| Change | -81.4333 | -43.7000 | -5.4000 | - | +8.9000 | +1,213.6335 | +2,767.8000 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 798.3333 | 804.0667 | 815.5333 | 821.2667 | 832.7333 | 838.4667 | 849.9333 |
| Camarilla | 822.2700 | 823.8467 | 825.4233 | 827.0000 | 828.5767 | 830.1533 | 831.7300 |
| Woodie | 801.2000 | 805.5000 | 818.4000 | 822.7000 | 835.6000 | 839.9000 | 852.8000 |
| Fibonacci | 804.0667 | 810.6371 | 814.6963 | 821.2667 | 827.8371 | 831.8963 | 838.4667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 710.0333 | 736.5667 | 776.9333 | 803.4667 | 843.8333 | 870.3667 | 910.7333 |
| Camarilla | 798.9025 | 805.0350 | 811.1675 | 817.3000 | 823.4325 | 829.5650 | 835.6975 |
| Woodie | 716.9500 | 740.0250 | 783.8500 | 806.9250 | 850.7500 | 873.8250 | 917.6500 |
| Fibonacci | 736.5667 | 762.1225 | 777.9109 | 803.4667 | 829.0225 | 844.8109 | 870.3667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 541.8667 | 619.9333 | 692.7667 | 770.8333 | 843.6667 | 921.7333 | 994.5667 |
| Camarilla | 724.1025 | 737.9350 | 751.7675 | 765.6000 | 779.4325 | 793.2650 | 807.0975 |
| Woodie | 539.2500 | 618.6250 | 690.1500 | 769.5250 | 841.0500 | 920.4250 | 991.9500 |
| Fibonacci | 619.9333 | 677.5771 | 713.1895 | 770.8333 | 828.4771 | 864.0895 | 921.7333 |
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): | 68.05 | |
| MACD (12,26,9): | 6.6004 | |
| Directional Movement: | 18.4814 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 832.5610 | |
| Parabolic SAR (0,02-0,02-0,2): | 826.6494 | |
| Elder Ray (13): | 8.0246 | |
| Super Trend (3,10): | 820.7305 | |
| Zig ZAG (10): | 837.9000 | |
| VORTEX (21): | 1.0775 | |
| Stochastique (14,3,5): | 94.49 | |
| TEMA (21): | 834.7499 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 26.2000 | |
| Repulse (5,40,3): | 0.7914 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0836 | |
| Courbe Coppock: | 3.99 |
| MA7: | 815.3857 | |
| MA20: | 788.9550 | |
| MA50: | 759.7920 | |
| MA100: | 692.6180 | |
| MAexp7: | 834.0171 | |
| MAexp20: | 824.8888 | |
| MAexp50: | 815.0200 | |
| MAexp100: | 805.2539 | |
| Price / MA7: | +2.92% | |
| Price / MA20: | +6.37% | |
| Price / MA50: | +10.45% | |
| Price / MA100: | +21.16% | |
| Price / MAexp7: | +0.62% | |
| Price / MAexp20: | +1.73% | |
| Price / MAexp50: | +2.97% | |
| Price / MAexp100: | +4.22% |
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.
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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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