IBEX X3 - 1H - Technical analysis published on 09/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 946.3400 EUR
My targets
981.1000 EUR (+2.38%)
1,023.4000 EUR (+6.79%)
My analysis
The bullish trend is currently very strong on IBEX X3. As long as the price remains above the support at 946.3400 EUR, you could try to benefit from the boom. The first bullish objective is located at 981.1000 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,023.4000 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
IBEX X3 rating 958.3000 EUR. The price has increased by +3.08% since the last closing and was between 949.9000 EUR and 960.9000 EUR. This implies that the price is at +0.88% from its lowest and at -0.27% from its highest.949.9000
960.9000
958.3000
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 885.9000 | 922.3000 | 946.3400 | 958.3000 | 2,052.8335 | 3,607.0000 | 6,555.4000 |
| Change (%) | -7.56% | -3.76% | -1.25% | - | +114.22% | +276.40% | +584.07% |
| Change | -72.4000 | -36.0000 | -11.9600 | - | +1,094.5335 | +2,648.7000 | +5,597.1000 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 898.8333 | 911.1667 | 920.4333 | 932.7667 | 942.0333 | 954.3667 | 963.6333 |
| Camarilla | 923.7600 | 925.7400 | 927.7200 | 929.7000 | 931.6800 | 933.6600 | 935.6400 |
| Woodie | 897.3000 | 910.4000 | 918.9000 | 932.0000 | 940.5000 | 953.6000 | 962.1000 |
| Fibonacci | 911.1667 | 919.4179 | 924.5155 | 932.7667 | 941.0179 | 946.1155 | 954.3667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 807.1000 | 836.9000 | 879.2000 | 909.0000 | 951.3000 | 981.1000 | 1,023.4000 |
| Camarilla | 901.6725 | 908.2817 | 914.8908 | 921.5000 | 928.1092 | 934.7183 | 941.3275 |
| Woodie | 813.3500 | 840.0250 | 885.4500 | 912.1250 | 957.5500 | 984.2250 | 1,029.6500 |
| Fibonacci | 836.9000 | 864.4422 | 881.4578 | 909.0000 | 936.5422 | 953.5578 | 981.1000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 470.5333 | 549.3667 | 698.2333 | 777.0667 | 925.9333 | 1,004.7667 | 1,153.6333 |
| Camarilla | 784.4825 | 805.3550 | 826.2275 | 847.1000 | 867.9725 | 888.8450 | 909.7175 |
| Woodie | 505.5500 | 566.8750 | 733.2500 | 794.5750 | 960.9500 | 1,022.2750 | 1,188.6500 |
| Fibonacci | 549.3667 | 636.3481 | 690.0853 | 777.0667 | 864.0481 | 917.7853 | 1,004.7667 |
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): | 68.47 | |
| MACD (12,26,9): | 3.9197 | |
| Directional Movement: | 18.7582 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 941.1644 | |
| Parabolic SAR (0,02-0,02-0,2): | 926.1000 | |
| Elder Ray (13): | 16.8259 | |
| Super Trend (3,10): | 933.7782 | |
| Zig ZAG (10): | 960.4000 | |
| VORTEX (21): | 0.9994 | |
| Stochastique (14,3,5): | 75.28 | |
| TEMA (21): | 945.5018 | |
| Williams %R (14): | -3.67 | |
| Chande Momentum Oscillator (20): | 27.5000 | |
| Repulse (5,40,3): | 0.5049 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0510 | |
| Courbe Coppock: | 1.56 |
| MA7: | 930.8286 | |
| MA20: | 869.3600 | |
| MA50: | 806.5060 | |
| MA100: | 814.5070 | |
| MAexp7: | 944.9827 | |
| MAexp20: | 936.2466 | |
| MAexp50: | 925.3114 | |
| MAexp100: | 902.9165 | |
| Price / MA7: | +2.95% | |
| Price / MA20: | +10.23% | |
| Price / MA50: | +18.82% | |
| Price / MA100: | +17.65% | |
| Price / MAexp7: | +1.41% | |
| Price / MAexp20: | +2.36% | |
| Price / MAexp50: | +3.57% | |
| Price / MAexp100: | +6.13% |
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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