IBEX MEDIUM

- EUR (-)

- 15 min delayed data - Spain Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	INDC
ISIN:	ES0SI0000013

IBEX MEDIUM - Daily - Technical analysis published on 11/30/2022 (GMT)

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11/30/2022 - 11:35
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Londinia

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Timeframe : Daily
- Analysis generated on 11/30/2022 - 11:35
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 12,611.9000 EUR

My targets

13,010.3000 EUR (+1.34%)

13,353.0000 EUR (+4.01%)

My analysis

The bullish trend is currently very strong on IBEX MEDIUM. As long as the price remains above the support at 12,611.9000 EUR, you could try to benefit from the boom. The first bullish objective is located at 13,010.3000 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13,353.0000 EUR as an objective. Crossing it would then enable buyers to target 13,573.1000 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

Comment on the analysis

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.

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

Additional analysis

Quotes

IBEX MEDIUM rating 12,838.7002 EUR. On the day, this instrument lost -0.05% and was traded between 12,786.2998 EUR and 12,880.5000 EUR over the period. The price is currently at +0.41% from its lowest and -0.32% from its highest.

12,786.2998

12,880.5000

12,838.7002

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

Here is a more detailed summary of the historical variations registered by IBEX MEDIUM:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this IBEX MEDIUM chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11,956.8000	12,325.9000	12,611.9000	12,838.7002	13,010.3000	13,353.0000	13,573.1000
Change (%)	-6.87%	-3.99%	-1.77%	-	+1.34%	+4.01%	+5.72%
Change	-881.9002	-512.8002	-226.8002	-	+171.5998	+514.2998	+734.3998
Level	Minor	Major	Major	-	Major	Intermediate	Intermediate

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	12,602.4339	12,657.5671	12,751.3333	12,806.4665	12,900.2327	12,955.3659	13,049.1321
Camarilla	12,804.1523	12,817.8014	12,831.4505	12,845.0996	12,858.7487	12,872.3978	12,886.0469
Woodie	12,621.7505	12,667.2254	12,770.6499	12,816.1248	12,919.5493	12,965.0242	13,068.4487
Fibonacci	12,657.5671	12,714.4466	12,749.5869	12,806.4665	12,863.3460	12,898.4863	12,955.3659

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,284.9661	12,399.7331	12,623.3665	12,738.1335	12,961.7669	13,076.5339	13,300.1673
Camarilla	12,753.9399	12,784.9599	12,815.9800	12,847.0000	12,878.0200	12,909.0401	12,940.0601
Woodie	12,339.3994	12,426.9497	12,677.7998	12,765.3501	13,016.2002	13,103.7505	13,354.6006
Fibonacci	12,399.7331	12,529.0020	12,608.8645	12,738.1335	12,867.4024	12,947.2649	13,076.5339

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,769.2005	11,168.8005	11,942.8001	12,342.4001	13,116.3997	13,515.9997	14,289.9993
Camarilla	12,394.0599	12,501.6399	12,609.2198	12,716.7998	12,824.3798	12,931.9597	13,039.5397
Woodie	10,956.4004	11,262.4004	12,130.0000	12,436.0000	13,303.5996	13,609.5996	14,477.1992
Fibonacci	11,168.8005	11,617.1155	11,894.0850	12,342.4001	12,790.7151	13,067.6846	13,515.9997

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):	61.36
MACD (12,26,9):	116.5285
Directional Movement:	16.7370
AROON (14):	64.2857
DEMA (21):	12,781.0205
Parabolic SAR (0,02-0,02-0,2):	12,437.1144
Elder Ray (13):	135.8695
Super Trend (3,10):	12,408.6260
Zig ZAG (10):	12,841.4004
VORTEX (21):	1.0484
Stochastique (14,3,5):	88.19
TEMA (21):	12,842.5664
Williams %R (14):	-8.01
Chande Momentum Oscillator (20):	318.2998
Repulse (5,40,3):	0.8802
ROCnROLL:	1
TRIX (15,9):	0.1202
Courbe Coppock:	3.69

MA7:	12,782.6713
MA20:	12,607.9050
MA50:	12,315.6621
MA100:	12,544.1800
MAexp7:	12,767.4575
MAexp20:	12,634.0817
MAexp50:	12,518.3232
MAexp100:	12,566.9353
Price / MA7:	+0.44%
Price / MA20:	+1.83%
Price / MA50:	+4.25%
Price / MA100:	+2.35%
Price / MAexp7:	+0.56%
Price / MAexp20:	+1.62%
Price / MAexp50:	+2.56%
Price / MAexp100:	+2.16%

Quotes : 11/30/2022 - 11:18 - 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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