IBEX TOP DIV - 1H - Technical analysis published on 02/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 2,645.0700 EUR
My targets
2,684.3000 EUR (+0.88%)
2,762.9000 EUR (+3.83%)
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 TOP DIV as long as the price remains well above 2,645.0700 EUR. The buyers' bullish objective is set at 2,684.3000 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,762.9000 EUR. If there is any crossing, the next objective would be the resistance located at 2,803.9300 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IBEX TOP DIV rating is 2,661.0000 EUR. On the day, this instrument lost -0.07% and was traded between 2,661.0000 EUR and 2,683.1001 EUR over the period. The price is currently at 0% from its lowest and -0.82% from its highest.2,661.0000
2,683.1001
2,661.0000
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IBEX TOP DIV:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IBEX TOP DIV indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,615.8500 | 2,628.8000 | 2,645.0700 | 2,661.0000 | 2,662.6000 | 2,684.3000 | 2,762.9000 |
| Change (%) | -1.70% | -1.21% | -0.60% | - | +0.06% | +0.88% | +3.83% |
| Change | -45.1500 | -32.2000 | -15.9300 | - | +1.6000 | +23.3000 | +101.9000 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,623.2002 | 2,632.4001 | 2,647.6001 | 2,656.8000 | 2,672.0000 | 2,681.1999 | 2,696.3999 |
| Camarilla | 2,656.0900 | 2,658.3267 | 2,660.5633 | 2,662.8000 | 2,665.0367 | 2,667.2733 | 2,669.5100 |
| Woodie | 2,626.2002 | 2,633.9001 | 2,650.6001 | 2,658.3000 | 2,675.0000 | 2,682.6999 | 2,699.3999 |
| Fibonacci | 2,632.4001 | 2,641.7209 | 2,647.4793 | 2,656.8000 | 2,666.1208 | 2,671.8792 | 2,681.1999 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,583.0001 | 2,603.3001 | 2,639.6000 | 2,659.9000 | 2,696.1999 | 2,716.4999 | 2,752.7998 |
| Camarilla | 2,660.3349 | 2,665.5233 | 2,670.7116 | 2,675.8999 | 2,681.0882 | 2,686.2766 | 2,691.4649 |
| Woodie | 2,591.0001 | 2,607.3001 | 2,647.6000 | 2,663.9000 | 2,704.1999 | 2,720.4999 | 2,760.7998 |
| Fibonacci | 2,603.3001 | 2,624.9213 | 2,638.2788 | 2,659.9000 | 2,681.5212 | 2,694.8787 | 2,716.4999 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,456.7666 | 2,500.7333 | 2,564.1667 | 2,608.1334 | 2,671.5668 | 2,715.5335 | 2,778.9669 |
| Camarilla | 2,598.0651 | 2,607.9101 | 2,617.7551 | 2,627.6001 | 2,637.4451 | 2,647.2901 | 2,657.1351 |
| Woodie | 2,466.5000 | 2,505.6000 | 2,573.9001 | 2,613.0001 | 2,681.3002 | 2,720.4002 | 2,788.7003 |
| Fibonacci | 2,500.7333 | 2,541.7601 | 2,567.1066 | 2,608.1334 | 2,649.1602 | 2,674.5067 | 2,715.5335 |
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): | 58.70 | |
| MACD (12,26,9): | 6.4568 | |
| Directional Movement: | 8.3143 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 2,670.3467 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,665.0864 | |
| Elder Ray (13): | 3.8636 | |
| Super Trend (3,10): | 2,658.0026 | |
| Zig ZAG (10): | 2,667.0000 | |
| VORTEX (21): | 1.2848 | |
| Stochastique (14,3,5): | 71.80 | |
| TEMA (21): | 2,675.9303 | |
| Williams %R (14): | -44.68 | |
| Chande Momentum Oscillator (20): | 13.1000 | |
| Repulse (5,40,3): | -0.3107 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0226 | |
| Courbe Coppock: | 2.22 |
| MA7: | 2,660.9143 | |
| MA20: | 2,645.7300 | |
| MA50: | 2,613.2800 | |
| MA100: | 2,547.9600 | |
| MAexp7: | 2,670.2883 | |
| MAexp20: | 2,663.5827 | |
| MAexp50: | 2,657.9879 | |
| MAexp100: | 2,653.0226 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | +0.58% | |
| Price / MA50: | +1.83% | |
| Price / MA100: | +4.44% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.30% |
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.
About author
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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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