IGBM BASE 85 - Daily - Technical analysis published on 07/17/2023 (GMT)
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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
33%
17%
50%
My opinion
Bullish above 920.9000 EUR
My targets
946.2300 EUR (+1.16%)
1,002.4400 EUR (+7.17%)
My analysis
IGBM BASE 85 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 920.9000 EUR. The next resistance located at 946.2300 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,002.4400 EUR. After this resistance, buyers could then target 1,073.1700 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The IGBM BASE 85 rating is 935.3800 EUR. The price is lower by -0.01% since the last closing and was between 931.6400 EUR and 939.8100 EUR. This implies that the price is at +0.40% from its lowest and at -0.47% from its highest.931.6400
939.8100
935.3800
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of IGBM BASE 85 indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 | 867.0800 | 888.2510 | 920.9000 | 935.3800 | 946.2300 | 1,002.4400 | 1,073.1700 |
| Change (%) | -7.30% | -5.04% | -1.55% | - | +1.16% | +7.17% | +14.73% |
| Change | -68.3000 | -47.1290 | -14.4800 | - | +10.8500 | +67.0600 | +137.7900 |
| Level | Minor | Major | Major | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 926.0000 | 930.7100 | 933.0800 | 937.7900 | 940.1600 | 944.8700 | 947.2400 |
| Camarilla | 933.5030 | 934.1520 | 934.8010 | 935.4500 | 936.0990 | 936.7480 | 937.3970 |
| Woodie | 924.8300 | 930.1250 | 931.9100 | 937.2050 | 938.9900 | 944.2850 | 946.0700 |
| Fibonacci | 930.7100 | 933.4146 | 935.0854 | 937.7900 | 940.4946 | 942.1654 | 944.8700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 887.3367 | 900.3033 | 917.8767 | 930.8433 | 948.4167 | 961.3833 | 978.9567 |
| Camarilla | 927.0515 | 929.8510 | 932.6505 | 935.4500 | 938.2495 | 941.0490 | 943.8485 |
| Woodie | 889.6400 | 901.4550 | 920.1800 | 931.9950 | 950.7200 | 962.5350 | 981.2600 |
| Fibonacci | 900.3033 | 911.9696 | 919.1771 | 930.8433 | 942.5096 | 949.7171 | 961.3833 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 861.9600 | 881.5900 | 915.5500 | 935.1800 | 969.1400 | 988.7700 | 1,022.7300 |
| Camarilla | 934.7728 | 939.6852 | 944.5976 | 949.5100 | 954.4224 | 959.3348 | 964.2473 |
| Woodie | 869.1250 | 885.1725 | 922.7150 | 938.7625 | 976.3050 | 992.3525 | 1,029.8950 |
| Fibonacci | 881.5900 | 902.0614 | 914.7086 | 935.1800 | 955.6514 | 968.2986 | 988.7700 |
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): | 53.78 | |
| MACD (12,26,9): | 2.4418 | |
| Directional Movement: | 2.6063 | |
| AROON (14): | -28.5715 | |
| DEMA (21): | 935.5882 | |
| Parabolic SAR (0,02-0,02-0,2): | 945.8123 | |
| Elder Ray (13): | 2.6718 | |
| Super Trend (3,10): | 946.1456 | |
| Zig ZAG (10): | 936.2900 | |
| VORTEX (21): | 0.9596 | |
| Stochastique (14,3,5): | 58.69 | |
| TEMA (21): | 934.8365 | |
| Williams %R (14): | -43.14 | |
| Chande Momentum Oscillator (20): | -5.0600 | |
| Repulse (5,40,3): | 0.4446 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0483 | |
| Courbe Coppock: | 0.31 |
| MA7: | 929.5300 | |
| MA20: | 932.9205 | |
| MA50: | 923.7414 | |
| MA100: | 919.3477 | |
| MAexp7: | 933.8853 | |
| MAexp20: | 931.9189 | |
| MAexp50: | 926.0146 | |
| MAexp100: | 913.7591 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | +1.26% | |
| Price / MA100: | +1.74% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +1.01% | |
| Price / MAexp100: | +2.37% |
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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