IBEX SMALL C - 1H - Technical analysis published on 09/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 8,308.2850 EUR
My targets
8,215.2000 EUR (-0.34%)
8,076.8000 EUR (-2.02%)
My analysis
The bearish trend is currently very strong for IBEX SMALL C. As long as the price remains below the resistance at 8,308.2850 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 8,215.2000 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8,076.8000 EUR as an objective. Crossing it would then enable sellers to target 7,918.0000 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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Additional analysis
Quotes
The IBEX SMALL C rating is 8,243.2002 EUR. The price registered a decrease of -0.09% on the session and was between 8,230.2998 EUR and 8,301.0000 EUR. This implies that the price is at +0.16% from its lowest and at -0.70% from its highest.8,230.2998
8,301.0000
8,243.2002
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of IBEX SMALL C in 1H 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,918.0000 | 8,076.8000 | 8,215.2000 | 8,243.2002 | 8,260.8670 | 8,308.2850 | 8,400.6000 |
| Change (%) | -3.95% | -2.02% | -0.34% | - | +0.21% | +0.79% | +1.91% |
| Change | -325.2002 | -166.4002 | -28.0002 | - | +17.6668 | +65.0848 | +157.3998 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 8,160.4668 | 8,201.5332 | 8,225.9668 | 8,267.0332 | 8,291.4668 | 8,332.5332 | 8,356.9668 |
| Camarilla | 8,232.3879 | 8,238.3921 | 8,244.3962 | 8,250.4004 | 8,256.4046 | 8,262.4087 | 8,268.4129 |
| Woodie | 8,152.1504 | 8,197.3750 | 8,217.6504 | 8,262.8750 | 8,283.1504 | 8,328.3750 | 8,348.6504 |
| Fibonacci | 8,201.5332 | 8,226.5542 | 8,242.0122 | 8,267.0332 | 8,292.0542 | 8,307.5122 | 8,332.5332 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,968.8991 | 8,125.4993 | 8,215.7995 | 8,372.3997 | 8,462.6999 | 8,619.3001 | 8,709.6003 |
| Camarilla | 8,238.2020 | 8,260.8345 | 8,283.4671 | 8,306.0996 | 8,328.7321 | 8,351.3647 | 8,373.9972 |
| Woodie | 7,935.7490 | 8,108.9243 | 8,182.6494 | 8,355.8247 | 8,429.5498 | 8,602.7251 | 8,676.4502 |
| Fibonacci | 8,125.4993 | 8,219.8153 | 8,278.0838 | 8,372.3997 | 8,466.7157 | 8,524.9842 | 8,619.3001 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,762.0664 | 7,951.5332 | 8,210.2666 | 8,399.7334 | 8,658.4668 | 8,847.9336 | 9,106.6670 |
| Camarilla | 8,345.7450 | 8,386.8300 | 8,427.9150 | 8,469.0000 | 8,510.0850 | 8,551.1700 | 8,592.2551 |
| Woodie | 7,796.6997 | 7,968.8499 | 8,244.8999 | 8,417.0501 | 8,693.1001 | 8,865.2503 | 9,141.3003 |
| Fibonacci | 7,951.5332 | 8,122.7457 | 8,228.5209 | 8,399.7334 | 8,570.9459 | 8,676.7211 | 8,847.9336 |
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): | 43.06 | |
| MACD (12,26,9): | -11.9433 | |
| Directional Movement: | -3.0641 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 8,246.1889 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,303.5891 | |
| Elder Ray (13): | -18.6522 | |
| Super Trend (3,10): | 8,297.7968 | |
| Zig ZAG (10): | 8,237.2998 | |
| VORTEX (21): | 0.8325 | |
| Stochastique (14,3,5): | 18.29 | |
| TEMA (21): | 8,247.7729 | |
| Williams %R (14): | -91.69 | |
| Chande Momentum Oscillator (20): | -59.7002 | |
| Repulse (5,40,3): | -0.2091 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0165 | |
| Courbe Coppock: | 0.28 |
| MA7: | 8,276.6713 | |
| MA20: | 8,413.5600 | |
| MA50: | 8,475.4040 | |
| MA100: | 8,571.1750 | |
| MAexp7: | 8,248.1728 | |
| MAexp20: | 8,262.2438 | |
| MAexp50: | 8,291.7388 | |
| MAexp100: | 8,336.7158 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -2.02% | |
| Price / MA50: | -2.74% | |
| Price / MA100: | -3.83% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -1.12% |
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.
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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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