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 01/11/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 13,010.3000 EUR

My targets

13,572.5000 EUR (+2.35%)

14,233.6000 EUR (+7.33%)

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 MEDIUM as long as the price remains well above 13,010.3000 EUR. The buyers' bullish objective is set at 13,572.5000 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14,233.6000 EUR. If there is any crossing, the next objective would be the resistance located at 15,767.7000 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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 13,261.4004 EUR. The price registered a decrease of -0.08% on the session with the lowest point at 13,227.9004 EUR and the highest point at 13,277.4004 EUR. The deviation from the price is +0.25% for the low point and -0.12% for the high point.

13,227.9004

13,277.4004

13,261.4004

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a 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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11,580.2000	12,325.9000	13,010.3000	13,261.4004	13,263.0000	13,572.5000	14,233.6000
Change (%)	-12.68%	-7.05%	-1.89%	-	+0.01%	+2.35%	+7.33%
Change	-1,681.2004	-935.5004	-251.1004	-	+1.5996	+311.0996	+972.1996
Level	Minor	Major	Major	-	Intermediate	Intermediate	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	13,154.0003	13,183.1003	13,227.5003	13,256.6003	13,301.0003	13,330.1003	13,374.5003
Camarilla	13,251.6879	13,258.4254	13,265.1629	13,271.9004	13,278.6379	13,285.3754	13,292.1129
Woodie	13,161.6504	13,186.9253	13,235.1504	13,260.4253	13,308.6504	13,333.9253	13,382.1504
Fibonacci	13,183.1003	13,211.1773	13,228.5233	13,256.6003	13,284.6773	13,302.0233	13,330.1003

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,613.6999	12,756.8997	13,042.1999	13,185.3997	13,470.6999	13,613.8997	13,899.1999
Camarilla	13,209.6625	13,248.9417	13,288.2208	13,327.5000	13,366.7792	13,406.0583	13,445.3375
Woodie	12,684.7500	12,792.4248	13,113.2500	13,220.9248	13,541.7500	13,649.4248	13,970.2500
Fibonacci	12,756.8997	12,920.5867	13,021.7127	13,185.3997	13,349.0867	13,450.2127	13,613.8997

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,068.9665	12,264.8333	12,531.6667	12,727.5335	12,994.3669	13,190.2337	13,457.0671
Camarilla	12,671.2575	12,713.6716	12,756.0858	12,798.5000	12,840.9142	12,883.3284	12,925.7426
Woodie	12,104.4497	12,282.5750	12,567.1499	12,745.2752	13,029.8501	13,207.9754	13,492.5503
Fibonacci	12,264.8333	12,441.5848	12,550.7821	12,727.5335	12,904.2850	13,013.4823	13,190.2337

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):	67.18
MACD (12,26,9):	158.4495
Directional Movement:	21.4202
AROON (14):	85.7143
DEMA (21):	13,191.9675
Parabolic SAR (0,02-0,02-0,2):	12,947.9793
Elder Ray (13):	162.5736
Super Trend (3,10):	12,893.3195
Zig ZAG (10):	13,261.2002
VORTEX (21):	1.1148
Stochastique (14,3,5):	85.51
TEMA (21):	13,271.0249
Williams %R (14):	-18.96
Chande Momentum Oscillator (20):	503.5996
Repulse (5,40,3):	0.8412
ROCnROLL:	1
TRIX (15,9):	0.1235
Courbe Coppock:	7.99

MA7:	13,221.0142
MA20:	12,915.7950
MA50:	12,760.4960
MA100:	12,545.4600
MAexp7:	13,197.2677
MAexp20:	13,003.2291
MAexp50:	12,803.6235
MAexp100:	12,711.9084
Price / MA7:	+0.31%
Price / MA20:	+2.68%
Price / MA50:	+3.93%
Price / MA100:	+5.71%
Price / MAexp7:	+0.49%
Price / MAexp20:	+1.99%
Price / MAexp50:	+3.58%
Price / MAexp100:	+4.32%

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 AI

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