LATIBEX BRAS

- EUR (-)

- 15 min delayed data - Spain Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	INDL
ISIN:	ES0SI0000633

LATIBEX BRAS - Daily - Technical analysis published on 03/02/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

50%

22%

28%

My opinion

Bearish under 11,440.8000 EUR

My targets

10,553.4000 EUR (-3.29%)

9,994.2700 EUR (-8.41%)

My analysis

LATIBEX BRAS 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 11,440.8000 EUR. The next support located at 10,553.4000 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 9,994.2700 EUR. Below this support, sellers could then target 8,465.8000 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.

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

Force

5.2

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

LATIBEX BRAS rating 10,912.0996 EUR. The price registered an increase of +2.83% on the session and was between 10,609.5996 EUR and 10,912.0996 EUR. This implies that the price is at +2.85% from its lowest and at 0% from its highest.

10,609.5996

10,912.0996

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a 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:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of LATIBEX BRAS in Daily 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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8,465.8000	9,994.2700	10,553.4000	10,912.0996	10,978.4000	11,440.8000	11,813.2000
Change (%)	-22.42%	-8.41%	-3.29%	-	+0.61%	+4.85%	+8.26%
Change	-2,446.2996	-917.8296	-358.6996	-	+66.3004	+528.7004	+901.1004
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Minor

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	10,407.9329	10,508.7663	10,710.4329	10,811.2663	11,012.9329	11,113.7663	11,315.4329
Camarilla	10,828.9121	10,856.6413	10,884.3704	10,912.0996	10,939.8288	10,967.5579	10,995.2871
Woodie	10,458.3496	10,533.9746	10,760.8496	10,836.4746	11,063.3496	11,138.9746	11,365.8496
Fibonacci	10,508.7663	10,624.3213	10,695.7113	10,811.2663	10,926.8213	10,998.2113	11,113.7663

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,485.6003	10,687.0003	10,795.9001	10,997.3001	11,106.1999	11,307.5999	11,416.4997
Camarilla	10,819.4674	10,847.9115	10,876.3557	10,904.7998	10,933.2440	10,961.6881	10,990.1323
Woodie	10,439.3501	10,663.8753	10,749.6499	10,974.1751	11,059.9497	11,284.4749	11,370.2495
Fibonacci	10,687.0003	10,805.5349	10,878.7656	10,997.3001	11,115.8347	11,189.0654	11,307.5999

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,506.5989	10,132.5993	10,511.6995	11,137.6999	11,516.8001	12,142.8005	12,521.9007
Camarilla	10,614.3971	10,706.5314	10,798.6656	10,890.7998	10,982.9340	11,075.0682	11,167.2025
Woodie	9,383.1489	10,070.8743	10,388.2495	11,075.9749	11,393.3501	12,081.0755	12,398.4507
Fibonacci	10,132.5993	10,516.5477	10,753.7514	11,137.6999	11,521.6483	11,758.8520	12,142.8005

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.74
MACD (12,26,9):	-116.9924
Directional Movement:	-5.8274
AROON (14):	-42.8571
DEMA (21):	10,823.4198
Parabolic SAR (0,02-0,02-0,2):	11,167.5015
Elder Ray (13):	-155.1450
Super Trend (3,10):	11,189.1196
Zig ZAG (10):	10,912.0996
VORTEX (21):	0.7213
Stochastique (14,3,5):	27.13
TEMA (21):	10,787.7156
Williams %R (14):	-48.65
Chande Momentum Oscillator (20):	84.5000
Repulse (5,40,3):	2.2930
ROCnROLL:	-1
TRIX (15,9):	-0.1544
Courbe Coppock:	1.64

MA7:	10,877.0857
MA20:	10,922.4949
MA50:	11,184.7160
MA100:	11,574.3600
MAexp7:	10,866.1175
MAexp20:	10,977.4127
MAexp50:	11,184.1501
MAexp100:	11,493.0532
Price / MA7:	+0.32%
Price / MA20:	-0.10%
Price / MA50:	-2.44%
Price / MA100:	-5.72%
Price / MAexp7:	+0.42%
Price / MAexp20:	-0.59%
Price / MAexp50:	-2.43%
Price / MAexp100:	-5.05%

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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