IBEX SMALL C - 1H - Technical analysis published on 11/25/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 7,375.5200 EUR
My targets
7,636.2300 EUR (+1.65%)
7,876.9000 EUR (+4.85%)
My analysis
The bullish trend is currently very strong on IBEX SMALL C. As long as the price remains above the support at 7,375.5200 EUR, you could try to benefit from the boom. The first bullish objective is located at 7,636.2300 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7,876.9000 EUR as an objective. Crossing it would then enable buyers to target 8,205.5300 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEX SMALL C rating 7,512.2002 EUR. The price is lower by -0.01% since the last closing with the lowest point at 7,492.7998 EUR and the highest point at 7,524.8999 EUR. The deviation from the price is +0.26% for the low point and -0.17% for the high point.7,492.7998
7,524.8999
7,512.2002
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IBEX SMALL C:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this IBEX SMALL C 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,987.3000 | 7,265.7000 | 7,375.5200 | 7,512.2002 | 7,636.2300 | 7,876.9000 | 8,205.5300 |
| Change (%) | -6.99% | -3.28% | -1.82% | - | +1.65% | +4.85% | +9.23% |
| Change | -524.9002 | -246.5002 | -136.6802 | - | +124.0298 | +364.6998 | +693.3298 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,378.8001 | 7,408.0002 | 7,460.3001 | 7,489.5002 | 7,541.8001 | 7,571.0002 | 7,623.3001 |
| Camarilla | 7,490.1876 | 7,497.6584 | 7,505.1293 | 7,512.6001 | 7,520.0709 | 7,527.5418 | 7,535.0126 |
| Woodie | 7,390.3501 | 7,413.7752 | 7,471.8501 | 7,495.2752 | 7,553.3501 | 7,576.7752 | 7,634.8501 |
| Fibonacci | 7,408.0002 | 7,439.1332 | 7,458.3672 | 7,489.5002 | 7,520.6332 | 7,539.8672 | 7,571.0002 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,031.2659 | 7,120.5329 | 7,206.1663 | 7,295.4333 | 7,381.0667 | 7,470.3337 | 7,555.9671 |
| Camarilla | 7,243.7022 | 7,259.7347 | 7,275.7673 | 7,291.7998 | 7,307.8323 | 7,323.8649 | 7,339.8974 |
| Woodie | 7,029.4492 | 7,119.6245 | 7,204.3496 | 7,294.5249 | 7,379.2500 | 7,469.4253 | 7,554.1504 |
| Fibonacci | 7,120.5329 | 7,187.3448 | 7,228.6213 | 7,295.4333 | 7,362.2452 | 7,403.5217 | 7,470.3337 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,237.2998 | 6,364.7998 | 6,618.7998 | 6,746.2998 | 7,000.2998 | 7,127.7998 | 7,381.7998 |
| Camarilla | 6,767.8873 | 6,802.8581 | 6,837.8290 | 6,872.7998 | 6,907.7706 | 6,942.7415 | 6,977.7123 |
| Woodie | 6,300.5498 | 6,396.4248 | 6,682.0498 | 6,777.9248 | 7,063.5498 | 7,159.4248 | 7,445.0498 |
| Fibonacci | 6,364.7998 | 6,510.5328 | 6,600.5668 | 6,746.2998 | 6,892.0328 | 6,982.0668 | 7,127.7998 |
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): | 71.32 | |
| MACD (12,26,9): | 40.3879 | |
| Directional Movement: | 22.6697 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 7,510.1809 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,492.6313 | |
| Elder Ray (13): | 28.8787 | |
| Super Trend (3,10): | 7,444.9177 | |
| Zig ZAG (10): | 7,515.2998 | |
| VORTEX (21): | 1.2346 | |
| Stochastique (14,3,5): | 91.05 | |
| TEMA (21): | 7,522.2744 | |
| Williams %R (14): | -6.37 | |
| Chande Momentum Oscillator (20): | 103.5000 | |
| Repulse (5,40,3): | 0.1783 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0740 | |
| Courbe Coppock: | 2.72 |
| MA7: | 7,391.8714 | |
| MA20: | 7,169.7150 | |
| MA50: | 6,923.2960 | |
| MA100: | 7,277.7700 | |
| MAexp7: | 7,498.8319 | |
| MAexp20: | 7,457.4854 | |
| MAexp50: | 7,389.6924 | |
| MAexp100: | 7,291.6659 | |
| Price / MA7: | +1.63% | |
| Price / MA20: | +4.78% | |
| Price / MA50: | +8.51% | |
| Price / MA100: | +3.22% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.73% | |
| Price / MAexp50: | +1.66% | |
| Price / MAexp100: | +3.02% |
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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