IBEX X2 - 1H - Technical analysis published on 09/16/2024 (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
67%
17%
17%
My opinion
Bullish above 5,959.7000 EUR
My targets
6,128.7856 EUR (+1.31%)
6,336.9665 EUR (+4.76%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IBEX X2 as long as the price remains well above 5,959.7000 EUR. The buyers' bullish objective is set at 6,128.7856 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6,336.9665 EUR. If there is any crossing, the next objective would be the resistance located at 7,947.7000 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
The IBEX X2 rating is 6,049.2998 EUR. The price registered an increase of +0.00% on the session and was between 6,015.8999 EUR and 6,101.1001 EUR. This implies that the price is at +0.56% from its lowest and at -0.85% from its highest.6,015.8999
6,101.1001
6,049.2998
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of IBEX X2 in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,749.5600 | 5,839.6000 | 5,959.7000 | 6,049.2998 | 6,128.7856 | 7,947.7000 | 10,196.1000 |
| Change (%) | -4.95% | -3.47% | -1.48% | - | +1.31% | +31.38% | +68.55% |
| Change | -299.7398 | -209.6998 | -89.5998 | - | +79.4858 | +1,898.4002 | +4,146.8002 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Major |
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 | 5,800.1331 | 5,861.9665 | 5,955.7332 | 6,017.5666 | 6,111.3333 | 6,173.1667 | 6,266.9334 |
| Camarilla | 6,006.7100 | 6,020.9733 | 6,035.2367 | 6,049.5000 | 6,063.7633 | 6,078.0267 | 6,092.2900 |
| Woodie | 5,816.0999 | 5,869.9498 | 5,971.7000 | 6,025.5499 | 6,127.3001 | 6,181.1500 | 6,282.9002 |
| Fibonacci | 5,861.9665 | 5,921.4057 | 5,958.1273 | 6,017.5666 | 6,077.0058 | 6,113.7274 | 6,173.1667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,390.6336 | 5,534.3669 | 5,791.9334 | 5,935.6667 | 6,193.2332 | 6,336.9665 | 6,594.5330 |
| Camarilla | 5,939.1426 | 5,975.9284 | 6,012.7142 | 6,049.5000 | 6,086.2858 | 6,123.0716 | 6,159.8575 |
| Woodie | 5,447.5503 | 5,562.8252 | 5,848.8501 | 5,964.1250 | 6,250.1499 | 6,365.4248 | 6,651.4497 |
| Fibonacci | 5,534.3669 | 5,687.6634 | 5,782.3701 | 5,935.6667 | 6,088.9632 | 6,183.6699 | 6,336.9665 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,071.6662 | 4,457.5330 | 5,187.9665 | 5,573.8333 | 6,304.2668 | 6,690.1336 | 7,420.5671 |
| Camarilla | 5,611.4173 | 5,713.7449 | 5,816.0724 | 5,918.3999 | 6,020.7274 | 6,123.0550 | 6,225.3825 |
| Woodie | 4,243.9495 | 4,543.6747 | 5,360.2498 | 5,659.9750 | 6,476.5501 | 6,776.2753 | 7,592.8504 |
| Fibonacci | 4,457.5330 | 4,883.9598 | 5,147.4066 | 5,573.8333 | 6,000.2601 | 6,263.7069 | 6,690.1336 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.35 | |
| MACD (12,26,9): | 61.1569 | |
| Directional Movement: | 22.5575 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 6,085.3471 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,047.9093 | |
| Elder Ray (13): | 29.5154 | |
| Super Trend (3,10): | 5,969.6902 | |
| Zig ZAG (10): | 6,062.2002 | |
| VORTEX (21): | 1.2075 | |
| Stochastique (14,3,5): | 80.78 | |
| TEMA (21): | 6,103.8245 | |
| Williams %R (14): | -29.27 | |
| Chande Momentum Oscillator (20): | 70.5000 | |
| Repulse (5,40,3): | -0.3133 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1522 | |
| Courbe Coppock: | 4.77 |
| MA7: | 5,851.0714 | |
| MA20: | 5,806.4800 | |
| MA50: | 5,616.0400 | |
| MA100: | 5,682.9670 | |
| MAexp7: | 6,061.6475 | |
| MAexp20: | 6,005.0575 | |
| MAexp50: | 5,917.3963 | |
| MAexp100: | 5,849.2458 | |
| Price / MA7: | +3.39% | |
| Price / MA20: | +4.18% | |
| Price / MA50: | +7.71% | |
| Price / MA100: | +6.45% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | +0.74% | |
| Price / MAexp50: | +2.23% | |
| Price / MAexp100: | +3.42% |
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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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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