IBEX INVX2 - 1H - Technical analysis published on 01/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 144.9500 EUR
My targets
146.1000 EUR (+0.41%)
148.0000 EUR (+1.72%)
My analysis
The bullish trend is currently very strong on IBEX INVX2. As long as the price remains above the support at 144.9500 EUR, you could try to benefit from the boom. The first bullish objective is located at 146.1000 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 148.0000 EUR as an objective. Crossing it would then enable buyers to target 153.5000 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
8.2
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Additional analysis
Quotes
The IBEX INVX2 price is 145.5000 EUR. The price registered an increase of +0.97% on the session with the lowest point at 144.0000 EUR and the highest point at 146.3000 EUR. The deviation from the price is +1.04% for the low point and -0.55% for the high point.144.0000
146.3000
145.5000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 IBEX INVX2 in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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.
In fact, 13 technical indicators on 18 studied are currently bullish. 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 : 1 hour
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 137.2000 | 141.3000 | 144.9500 | 145.5000 | 146.1000 | 148.0000 | 153.5000 |
| Change (%) | -5.70% | -2.89% | -0.38% | - | +0.41% | +1.72% | +5.50% |
| Change | -8.3000 | -4.2000 | -0.5500 | - | +0.6000 | +2.5000 | +8.0000 |
| Level | Minor | Major | Minor | - | Intermediate | 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 | 141.9333 | 142.9667 | 144.2333 | 145.2667 | 146.5333 | 147.5667 | 148.8333 |
| Camarilla | 144.8675 | 145.0783 | 145.2892 | 145.5000 | 145.7108 | 145.9217 | 146.1325 |
| Woodie | 142.0500 | 143.0250 | 144.3500 | 145.3250 | 146.6500 | 147.6250 | 148.9500 |
| Fibonacci | 142.9667 | 143.8453 | 144.3881 | 145.2667 | 146.1453 | 146.6881 | 147.5667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.4667 | 139.8333 | 141.9667 | 144.3333 | 146.4667 | 148.8333 | 150.9667 |
| Camarilla | 142.8625 | 143.2750 | 143.6875 | 144.1000 | 144.5125 | 144.9250 | 145.3375 |
| Woodie | 137.3500 | 139.7750 | 141.8500 | 144.2750 | 146.3500 | 148.7750 | 150.8500 |
| Fibonacci | 139.8333 | 141.5523 | 142.6143 | 144.3333 | 146.0523 | 147.1143 | 148.8333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.1000 | 131.3000 | 135.6000 | 138.8000 | 143.1000 | 146.3000 | 150.6000 |
| Camarilla | 137.8375 | 138.5250 | 139.2125 | 139.9000 | 140.5875 | 141.2750 | 141.9625 |
| Woodie | 128.6500 | 131.5750 | 136.1500 | 139.0750 | 143.6500 | 146.5750 | 151.1500 |
| Fibonacci | 131.3000 | 134.1650 | 135.9350 | 138.8000 | 141.6650 | 143.4350 | 146.3000 |
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): | 57.15 | |
| MACD (12,26,9): | 0.3628 | |
| Directional Movement: | 11.1801 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 145.4311 | |
| Parabolic SAR (0,02-0,02-0,2): | 144.3795 | |
| Elder Ray (13): | 0.4336 | |
| Super Trend (3,10): | 143.9370 | |
| Zig ZAG (10): | 145.6000 | |
| VORTEX (21): | 1.0634 | |
| Stochastique (14,3,5): | 82.83 | |
| TEMA (21): | 145.7714 | |
| Williams %R (14): | -18.18 | |
| Chande Momentum Oscillator (20): | 1.9000 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0184 | |
| Courbe Coppock: | 2.38 |
| MA7: | 144.6857 | |
| MA20: | 142.0650 | |
| MA50: | 141.5160 | |
| MA100: | 153.3390 | |
| MAexp7: | 145.5609 | |
| MAexp20: | 145.0448 | |
| MAexp50: | 144.6812 | |
| MAexp100: | 143.9715 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +2.42% | |
| Price / MA50: | +2.82% | |
| Price / MA100: | -5.11% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +1.06% |
Quotes :
-
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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