IBEX INVX2 - Daily - Technical analysis published on 03/15/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 187.1000 EUR
My targets
192.6000 EUR (+1.90%)
215.7800 EUR (+14.17%)
My analysis
The strong short-term increase in IBEX INVX2 calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 187.1000 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 192.6000 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 215.7800 EUR as an objective. Crossing it would then enable buyers to target 258.7400 EUR. Caution, a return under 187.1000 EUR could jeopardize the reversal.
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
3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IBEX INVX2 price is 189.0000 EUR. On the day, this instrument gained +7.02% and was traded between 176.2000 EUR and 192.9000 EUR over the period. The price is currently at +7.26% from its lowest and -2.02% from its highest.176.2000
192.9000
189.0000
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this IBEX INVX2 chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 164.6000 | 176.8000 | 189.0000 | 215.7800 | 258.7400 | 293.4890 |
| Change (%) | -12.91% | -6.46% | - | +14.17% | +36.90% | +55.29% |
| Change | -24.4000 | -12.2000 | - | +26.7800 | +69.7400 | +104.4890 |
| Level | Major | Minor | - | Minor | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 161.6333 | 168.6667 | 172.6333 | 179.6667 | 183.6333 | 190.6667 | 194.6333 |
| Camarilla | 173.5750 | 174.5833 | 175.5917 | 176.6000 | 177.6083 | 178.6167 | 179.6250 |
| Woodie | 160.1000 | 167.9000 | 171.1000 | 178.9000 | 182.1000 | 189.9000 | 193.1000 |
| Fibonacci | 168.6667 | 172.8687 | 175.4647 | 179.6667 | 183.8687 | 186.4647 | 190.6667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 153.3333 | 158.6667 | 165.6333 | 170.9667 | 177.9333 | 183.2667 | 190.2333 |
| Camarilla | 169.2175 | 170.3450 | 171.4725 | 172.6000 | 173.7275 | 174.8550 | 175.9825 |
| Woodie | 154.1500 | 159.0750 | 166.4500 | 171.3750 | 178.7500 | 183.6750 | 191.0500 |
| Fibonacci | 158.6667 | 163.3653 | 166.2681 | 170.9667 | 175.6653 | 178.5681 | 183.2667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 148.5000 | 157.7000 | 163.2000 | 172.4000 | 177.9000 | 187.1000 | 192.6000 |
| Camarilla | 164.6575 | 166.0050 | 167.3525 | 168.7000 | 170.0475 | 171.3950 | 172.7425 |
| Woodie | 146.6500 | 156.7750 | 161.3500 | 171.4750 | 176.0500 | 186.1750 | 190.7500 |
| Fibonacci | 157.7000 | 163.3154 | 166.7846 | 172.4000 | 178.0154 | 181.4846 | 187.1000 |
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): | 63.38 | |
| MACD (12,26,9): | -0.2351 | |
| Directional Movement: | 19.2953 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 173.2959 | |
| Parabolic SAR (0,02-0,02-0,2): | 166.0456 | |
| Elder Ray (13): | 9.1329 | |
| Super Trend (3,10): | 163.7154 | |
| Zig ZAG (10): | 191.0000 | |
| VORTEX (21): | 0.9714 | |
| Stochastique (14,3,5): | 78.78 | |
| TEMA (21): | 177.9950 | |
| Williams %R (14): | -8.65 | |
| Chande Momentum Oscillator (20): | 18.8000 | |
| Repulse (5,40,3): | 6.6774 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2399 | |
| Courbe Coppock: | 3.18 |
| MA7: | 175.0571 | |
| MA20: | 172.7750 | |
| MA50: | 179.5200 | |
| MA100: | 202.1280 | |
| MAexp7: | 177.8249 | |
| MAexp20: | 175.0369 | |
| MAexp50: | 182.9681 | |
| MAexp100: | 197.8839 | |
| Price / MA7: | +7.96% | |
| Price / MA20: | +9.39% | |
| Price / MA50: | +5.28% | |
| Price / MA100: | -6.49% | |
| Price / MAexp7: | +6.28% | |
| Price / MAexp20: | +7.98% | |
| Price / MAexp50: | +3.30% | |
| Price / MAexp100: | -4.49% |
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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