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LATIBEX AS
LATIBEX AS
- EUR (-)
- 15 min delayed data - Spain Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: INDB
ISIN: ES0SI0000617

LATIBEX AS - Daily - Technical analysis published on 12/16/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 2,316.0200 EUR
My targets
2,165.0100 EUR (-1.32%)
1,954.5000 EUR (-10.91%)
My analysis
The bearish trend is currently very strong for LATIBEX AS. As long as the price remains below the resistance at 2,316.0200 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,165.0100 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,954.5000 EUR as an objective. Crossing it would then enable sellers to target 1,878.0200 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Weekly

Additional analysis

Quotes

The LATIBEX AS price is 2,193.8999 EUR. The price is lower by -0.09% since the last closing and was between 2,191.8000 EUR and 2,230.7000 EUR. This implies that the price is at +0.10% from its lowest and at -1.65% from its highest.

2,191.8000
2,230.7000
2,193.8999

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by LATIBEX AS:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on LATIBEX AS were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in Daily of this LATIBEX AS chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Dark cloud cover

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,541.1400 1,878.0200 2,165.0100 2,193.8999 2,316.0200 2,420.6100 2,553.1900
Change (%) -29.75% -14.40% -1.32% - +5.57% +10.33% +16.38%
Change -652.7599 -315.8799 -28.8899 - +122.1201 +226.7101 +359.2901
Level Major Major Major - Major Major 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
Standard2,150.36682,167.73352,181.76672,199.13342,213.16662,230.53332,244.5665
Camarilla2,187.16502,190.04342,192.92172,195.80002,198.67832,201.55672,204.4350
Woodie2,148.70022,166.90012,180.10012,198.30002,211.50002,229.69992,242.8999
Fibonacci2,167.73352,179.72822,187.13862,199.13342,211.12812,218.53852,230.5333


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,183.30012,251.40012,297.20002,365.30002,411.09992,479.19992,524.9998
Camarilla2,311.67752,322.11842,332.55922,343.00002,353.44082,363.88172,374.3225
Woodie2,172.15022,245.82512,286.05012,359.72502,399.95002,473.62492,513.8499
Fibonacci2,251.40012,294.90982,321.79022,365.30002,408.80972,435.69012,479.1999


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,954.50002,121.00002,285.00002,451.50002,615.50002,782.00002,946.0000
Camarilla2,358.11252,388.40832,418.70422,449.00002,479.29582,509.59172,539.8875
Woodie1,953.25002,120.37502,283.75002,450.87502,614.25002,781.37502,944.7500
Fibonacci2,121.00002,247.25102,325.24902,451.50002,577.75102,655.74902,782.0000

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): 33.56
MACD (12,26,9): -59.8201
Directional Movement: -18.4050
AROON (14): -71.4285
DEMA (21): 2,251.3381
Parabolic SAR (0,02-0,02-0,2): 2,423.2902
Elder Ray (13): -78.0071
Super Trend (3,10): 2,367.1603
Zig ZAG (10): 2,193.8999
VORTEX (21): 0.8281
Stochastique (14,3,5): 2.38
TEMA (21): 2,215.0589
Williams %R (14): -96.78
Chande Momentum Oscillator (20): -255.1001
Repulse (5,40,3): -6.2411
ROCnROLL: 2
TRIX (15,9): -0.2527
Courbe Coppock: 10.17
MA7: 2,252.0571
MA20: 2,335.5000
MA50: 2,434.7300
MA100: 2,430.3370
MAexp7: 2,245.2060
MAexp20: 2,322.3578
MAexp50: 2,386.4299
MAexp100: 2,411.5436
Price / MA7: -2.58%
Price / MA20: -6.06%
Price / MA50: -9.89%
Price / MA100: -9.73%
Price / MAexp7: -2.29%
Price / MAexp20: -5.53%
Price / MAexp50: -8.07%
Price / MAexp100: -9.03%

Quotes : - 15 min delayed data - Spain Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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