IBEX X2 - 1H - Technical analysis published on 08/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 5,704.0667 EUR
My targets
5,748.6753 EUR (+0.29%)
5,885.4000 EUR (+2.68%)
My analysis
IBEX X2 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5,704.0667 EUR. The next resistance located at 5,748.6753 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5,885.4000 EUR. After this resistance, buyers could then target 6,128.7856 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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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 X2 rating 5,731.8999 EUR. The price registered an increase of +1.05% on the session and was between 5,694.3999 EUR and 5,753.7998 EUR. This implies that the price is at +0.66% from its lowest and at -0.38% from its highest.5,694.3999
5,753.7998
5,731.8999
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this IBEX X2 chart shows a strongly bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,235.9000 | 5,463.3857 | 5,571.6333 | 5,731.8999 | 5,748.6753 | 5,885.4000 | 6,128.7856 |
| Change (%) | -8.65% | -4.68% | -2.80% | - | +0.29% | +2.68% | +6.92% |
| Change | -495.9999 | -268.5142 | -160.2666 | - | +16.7754 | +153.5001 | +396.8857 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | 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 | 5,520.5003 | 5,571.6003 | 5,621.9002 | 5,673.0002 | 5,723.3001 | 5,774.4001 | 5,824.7000 |
| Camarilla | 5,644.3152 | 5,653.6102 | 5,662.9052 | 5,672.2002 | 5,681.4952 | 5,690.7902 | 5,700.0852 |
| Woodie | 5,520.1004 | 5,571.4003 | 5,621.5003 | 5,672.8002 | 5,722.9002 | 5,774.2001 | 5,824.3001 |
| Fibonacci | 5,571.6003 | 5,610.3350 | 5,634.2654 | 5,673.0002 | 5,711.7349 | 5,735.6653 | 5,774.4001 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,904.2331 | 5,021.8665 | 5,245.3332 | 5,362.9666 | 5,586.4333 | 5,704.0667 | 5,927.5334 |
| Camarilla | 5,374.9973 | 5,406.2648 | 5,437.5323 | 5,468.7998 | 5,500.0673 | 5,531.3348 | 5,562.6023 |
| Woodie | 4,957.1497 | 5,048.3248 | 5,298.2498 | 5,389.4249 | 5,639.3499 | 5,730.5250 | 5,980.4500 |
| Fibonacci | 5,021.8665 | 5,152.1668 | 5,232.6664 | 5,362.9666 | 5,493.2669 | 5,573.7665 | 5,704.0667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,970.1333 | 5,184.8667 | 5,395.1333 | 5,609.8667 | 5,820.1333 | 6,034.8667 | 6,245.1333 |
| Camarilla | 5,488.5249 | 5,527.4832 | 5,566.4416 | 5,605.3999 | 5,644.3582 | 5,683.3166 | 5,722.2749 |
| Woodie | 4,967.8999 | 5,183.7500 | 5,392.8999 | 5,608.7500 | 5,817.8999 | 6,033.7500 | 6,242.8999 |
| Fibonacci | 5,184.8667 | 5,347.2167 | 5,447.5167 | 5,609.8667 | 5,772.2167 | 5,872.5167 | 6,034.8667 |
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): | 68.63 | |
| MACD (12,26,9): | 39.9747 | |
| Directional Movement: | 25.8347 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 5,717.9411 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,672.2002 | |
| Elder Ray (13): | 42.4888 | |
| Super Trend (3,10): | 5,636.4348 | |
| Zig ZAG (10): | 5,732.2998 | |
| VORTEX (21): | 1.1641 | |
| Stochastique (14,3,5): | 71.46 | |
| TEMA (21): | 5,718.0643 | |
| Williams %R (14): | -16.19 | |
| Chande Momentum Oscillator (20): | 125.2998 | |
| Repulse (5,40,3): | 0.0282 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1027 | |
| Courbe Coppock: | 3.20 |
| MA7: | 5,589.7001 | |
| MA20: | 5,386.6800 | |
| MA50: | 5,541.2040 | |
| MA100: | 5,622.1030 | |
| MAexp7: | 5,704.8397 | |
| MAexp20: | 5,662.6888 | |
| MAexp50: | 5,569.8513 | |
| MAexp100: | 5,476.1528 | |
| Price / MA7: | +2.54% | |
| Price / MA20: | +6.41% | |
| Price / MA50: | +3.44% | |
| Price / MA100: | +1.95% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | +1.22% | |
| Price / MAexp50: | +2.91% | |
| Price / MAexp100: | +4.67% |
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.
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