IBEX INVX2 - Daily - Technical analysis published on 08/17/2023 (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 156.6333 EUR
My targets
175.4333 EUR (+6.45%)
182.7667 EUR (+10.90%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for IBEX INVX2 as long as the price remains well above 156.6333 EUR. The buyers' bullish objective is set at 175.4333 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 182.7667 EUR. If there is any crossing, the next objective would be the resistance located at 193.6000 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 175.4333 EUR. On this resistance, against the trend traders who would like to go short on IBEX INVX2 with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEX INVX2 rating 164.8000 EUR. The price has increased by +1.60% since the last closing with the lowest point at 162.0000 EUR and the highest point at 165.0000 EUR. The deviation from the price is +1.73% for the low point and -0.12% for the high point.162.0000
165.0000
164.8000
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of IBEX INVX2 in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 150.7000 | 164.8000 | 164.9500 | 193.6000 | 213.3800 |
| Change (%) | -8.56% | - | +0.09% | +17.48% | +29.48% |
| Change | -14.1000 | - | +0.1500 | +28.8000 | +48.5800 |
| Level | Intermediate | - | Major | Intermediate | Minor |
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 | 159.8667 | 160.9333 | 162.8667 | 163.9333 | 165.8667 | 166.9333 | 168.8667 |
| Camarilla | 163.9750 | 164.2500 | 164.5250 | 164.8000 | 165.0750 | 165.3500 | 165.6250 |
| Woodie | 160.3000 | 161.1500 | 163.3000 | 164.1500 | 166.3000 | 167.1500 | 169.3000 |
| Fibonacci | 160.9333 | 162.0793 | 162.7873 | 163.9333 | 165.0793 | 165.7873 | 166.9333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 143.9333 | 150.0667 | 154.6333 | 160.7667 | 165.3333 | 171.4667 | 176.0333 |
| Camarilla | 156.2575 | 157.2383 | 158.2192 | 159.2000 | 160.1808 | 161.1617 | 162.1425 |
| Woodie | 143.1500 | 149.6750 | 153.8500 | 160.3750 | 164.5500 | 171.0750 | 175.2500 |
| Fibonacci | 150.0667 | 154.1541 | 156.6793 | 160.7667 | 164.8541 | 167.3793 | 171.4667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 126.3667 | 137.8333 | 145.1667 | 156.6333 | 163.9667 | 175.4333 | 182.7667 |
| Camarilla | 147.3300 | 149.0533 | 150.7767 | 152.5000 | 154.2233 | 155.9467 | 157.6700 |
| Woodie | 124.3000 | 136.8000 | 143.1000 | 155.6000 | 161.9000 | 174.4000 | 180.7000 |
| Fibonacci | 137.8333 | 145.0149 | 149.4517 | 156.6333 | 163.8149 | 168.2517 | 175.4333 |
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): | 59.11 | |
| MACD (12,26,9): | 0.8246 | |
| Directional Movement: | 11.3295 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 160.7981 | |
| Parabolic SAR (0,02-0,02-0,2): | 156.8658 | |
| Elder Ray (13): | 2.7468 | |
| Super Trend (3,10): | 153.2240 | |
| Zig ZAG (10): | 164.8000 | |
| VORTEX (21): | 0.9974 | |
| Stochastique (14,3,5): | 77.98 | |
| TEMA (21): | 162.6143 | |
| Williams %R (14): | -13.21 | |
| Chande Momentum Oscillator (20): | 7.9000 | |
| Repulse (5,40,3): | 2.0432 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0074 | |
| Courbe Coppock: | 8.98 |
| MA7: | 160.9857 | |
| MA20: | 158.5500 | |
| MA50: | 160.0860 | |
| MA100: | 164.7700 | |
| MAexp7: | 161.8172 | |
| MAexp20: | 160.1704 | |
| MAexp50: | 161.2470 | |
| MAexp100: | 167.3075 | |
| Price / MA7: | +2.37% | |
| Price / MA20: | +3.94% | |
| Price / MA50: | +2.94% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | +1.84% | |
| Price / MAexp20: | +2.89% | |
| Price / MAexp50: | +2.20% | |
| Price / MAexp100: | -1.50% |
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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