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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 - 1H - Technical analysis published on 03/24/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 2,165.0100 EUR
My targets
2,095.7999 EUR (-1.77%)
2,007.1998 EUR (-5.92%)
My analysis
LATIBEX AS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,165.0100 EUR. The next support located at 2,095.7999 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,007.1998 EUR. Below this support, sellers could then target 1,878.0200 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5

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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Daily Weekly

Additional analysis

Quotes

The LATIBEX AS rating is 2,133.6001 EUR. On the day, this instrument lost -0.08% and was between 2,129.2000 EUR and 2,136.5000 EUR. This implies that the price is at +0.21% from its lowest and at -0.14% from its highest.

2,129.2000
2,136.5000
2,133.6001

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of LATIBEX AS in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,206.7000 1,541.1400 1,878.0200 2,133.6001 2,165.0100 2,198.5400 2,242.4800
Change (%) -43.44% -27.77% -11.98% - +1.47% +3.04% +5.10%
Change -926.9001 -592.4601 -255.5801 - +31.4099 +64.9399 +108.8799
Level Intermediate Major Intermediate - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,086.59982,110.99982,123.19992,147.59992,159.80002,184.20002,196.4001
Camarilla2,125.33492,128.68992,132.04492,135.39992,138.75492,142.10992,145.4649
Woodie2,080.49982,107.94982,117.09992,144.54992,153.70002,181.15002,190.3001
Fibonacci2,110.99982,124.98112,133.61872,147.59992,161.58122,170.21882,184.2000


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,007.19982,095.79992,143.49992,232.10002,279.80002,368.40012,416.1001
Camarilla2,153.71752,166.21172,178.70582,191.20002,203.69422,216.18842,228.6825
Woodie1,986.74992,085.57492,123.05002,221.87502,259.35012,358.17512,395.6502
Fibonacci2,095.79992,147.86652,180.03332,232.10002,284.16662,316.33342,368.4001


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,142.73352,214.16682,297.83342,369.26672,452.93332,524.36662,608.0332
Camarilla2,338.84752,353.06502,367.28252,381.50002,395.71752,409.93502,424.1525
Woodie2,148.85022,217.22512,303.95012,372.32502,459.05002,527.42492,614.1499
Fibonacci2,214.16682,273.41502,310.01852,369.26672,428.51492,465.11842,524.3666

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): 30.64
MACD (12,26,9): -17.7528
Directional Movement: -39.2629
AROON (14): -85.7143
DEMA (21): 2,137.4488
Parabolic SAR (0,02-0,02-0,2): 2,171.1674
Elder Ray (13): -17.3770
Super Trend (3,10): 2,155.3799
Zig ZAG (10): 2,133.6001
VORTEX (21): 0.5855
Stochastique (14,3,5): 4.87
TEMA (21): 2,134.9312
Williams %R (14): -92.17
Chande Momentum Oscillator (20): -26.5000
Repulse (5,40,3): -0.5647
ROCnROLL: 2
TRIX (15,9): -0.0947
Courbe Coppock: 3.75
MA7: 2,173.9000
MA20: 2,278.6350
MA50: 2,337.3440
MA100: 2,343.2650
MAexp7: 2,140.8288
MAexp20: 2,162.9476
MAexp50: 2,194.9427
MAexp100: 2,240.2983
Price / MA7: -1.85%
Price / MA20: -6.36%
Price / MA50: -8.72%
Price / MA100: -8.95%
Price / MAexp7: -0.34%
Price / MAexp20: -1.36%
Price / MAexp50: -2.79%
Price / MAexp100: -4.76%

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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