IBEX INVX2 - 1H - Technical analysis published on 09/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 100.6111 EUR
My targets
96.5000 EUR (-1.93%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on IBEX INVX2. As long as you are under the resistance located at 100.6111 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 96.5000 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 100.6111 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.5
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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 98.4000 EUR. The price registered an increase of +1.44% on the session and was between 97.0000 EUR and 98.6000 EUR. This implies that the price is at +1.44% from its lowest and at -0.20% from its highest.97.0000
98.6000
98.4000
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this IBEX INVX2 chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 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 2
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 96.5000 | 98.4000 | 100.6111 | 106.2286 | 107.4600 |
| Change (%) | -1.93% | - | +2.25% | +7.96% | +9.21% |
| Change | -1.9000 | - | +2.2111 | +7.8286 | +9.0600 |
| Level | Intermediate | - | Minor | 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 | 95.3667 | 95.9333 | 96.4667 | 97.0333 | 97.5667 | 98.1333 | 98.6667 |
| Camarilla | 96.6975 | 96.7983 | 96.8992 | 97.0000 | 97.1008 | 97.2017 | 97.3025 |
| Woodie | 95.3500 | 95.9250 | 96.4500 | 97.0250 | 97.5500 | 98.1250 | 98.6500 |
| Fibonacci | 95.9333 | 96.3535 | 96.6131 | 97.0333 | 97.4535 | 97.7131 | 98.1333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90.5667 | 93.5333 | 95.2667 | 98.2333 | 99.9667 | 102.9333 | 104.6667 |
| Camarilla | 95.7075 | 96.1383 | 96.5692 | 97.0000 | 97.4308 | 97.8617 | 98.2925 |
| Woodie | 89.9500 | 93.2250 | 94.6500 | 97.9250 | 99.3500 | 102.6250 | 104.0500 |
| Fibonacci | 93.5333 | 95.3287 | 96.4379 | 98.2333 | 100.0287 | 101.1379 | 102.9333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.2333 | 90.0667 | 98.3333 | 114.1667 | 122.4333 | 138.2667 | 146.5333 |
| Camarilla | 99.9725 | 102.1817 | 104.3908 | 106.6000 | 108.8092 | 111.0183 | 113.2275 |
| Woodie | 70.4500 | 88.1750 | 94.5500 | 112.2750 | 118.6500 | 136.3750 | 142.7500 |
| Fibonacci | 90.0667 | 99.2729 | 104.9605 | 114.1667 | 123.3729 | 129.0605 | 138.2667 |
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): | 56.99 | |
| MACD (12,26,9): | -0.2618 | |
| Directional Movement: | 5.7320 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 97.1943 | |
| Parabolic SAR (0,02-0,02-0,2): | 96.7186 | |
| Elder Ray (13): | 0.6837 | |
| Super Trend (3,10): | 96.6067 | |
| Zig ZAG (10): | 98.5000 | |
| VORTEX (21): | 1.0631 | |
| Stochastique (14,3,5): | 93.51 | |
| TEMA (21): | 97.4751 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 1.7000 | |
| Repulse (5,40,3): | 1.1103 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0686 | |
| Courbe Coppock: | 0.30 |
| MA7: | 98.9714 | |
| MA20: | 103.9500 | |
| MA50: | 110.3400 | |
| MA100: | 111.0940 | |
| MAexp7: | 97.9167 | |
| MAexp20: | 97.6629 | |
| MAexp50: | 98.6296 | |
| MAexp100: | 100.4437 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | -5.34% | |
| Price / MA50: | -10.82% | |
| Price / MA100: | -11.43% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +0.75% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -2.03% |
Quotes :
-
15 min delayed data
-
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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