Londinia Opportunities Analyses - 05/03/2024 (GMT) BCN INMOB.B - 1H

- EUR (-)

- 15 min delayed data - Spain Indices

Type:	Indices
Ticker:	IND40400
ISIN:	ES0SI0000294

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 998.5980 EUR

My targets

1,011.8000 EUR (+0.74%)

1,041.1200 EUR (+3.66%)

My analysis

BCN INMOB.B 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 998.5980 EUR. The next resistance located at 1,011.8000 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 1,041.1200 EUR. After this resistance, buyers could then target 1,073.1500 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.

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

8.8

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Additional analysis

Quotes

The BCN INMOB.B price is 1,004.4000 EUR. On the day, this instrument gained +0.18% and was between 997.9100 EUR and 1,005.5800 EUR. This implies that the price is at +0.65% from its lowest and at -0.12% from its highest.

997.9100

1,005.5800

1,004.4000

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BCN INMOB.B:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BCN INMOB.B in 1H shows a strongly overall 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	947.7367	980.6400	998.5980	1,004.4000	1,011.8000	1,041.1200	1,073.1500
Change (%)	-5.64%	-2.37%	-0.58%	-	+0.74%	+3.66%	+6.84%
Change	-56.6633	-23.7600	-5.8020	-	+7.4000	+36.7200	+68.7500
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Major

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	964.3433	972.9467	987.7933	996.3967	1,011.2433	1,019.8467	1,034.6933
Camarilla	996.1913	998.3408	1,000.4904	1,002.6400	1,004.7896	1,006.9392	1,009.0888
Woodie	967.4650	974.5075	990.9150	997.9575	1,014.3650	1,021.4075	1,037.8150
Fibonacci	972.9467	981.9046	987.4388	996.3967	1,005.3546	1,010.8888	1,019.8467

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	942.8400	954.1600	971.4400	982.7600	1,000.0400	1,011.3600	1,028.6400
Camarilla	980.8550	983.4767	986.0983	988.7200	991.3417	993.9633	996.5850
Woodie	945.8200	955.6500	974.4200	984.2500	1,003.0200	1,012.8500	1,031.6200
Fibonacci	954.1600	965.0852	971.8348	982.7600	993.6852	1,000.4348	1,011.3600

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	863.9033	893.8367	938.5633	968.4967	1,013.2233	1,043.1567	1,087.8833
Camarilla	962.7585	969.6023	976.4462	983.2900	990.1338	996.9777	1,003.8215
Woodie	871.3000	897.5350	945.9600	972.1950	1,020.6200	1,046.8550	1,095.2800
Fibonacci	893.8367	922.3568	939.9766	968.4967	997.0168	1,014.6366	1,043.1567

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):	61.88
MACD (12,26,9):	4.0464
Directional Movement:	12.2315
AROON (14):	85.7143
DEMA (21):	1,001.9969
Parabolic SAR (0,02-0,02-0,2):	993.7509
Elder Ray (13):	3.7104
Super Trend (3,10):	986.4586
Zig ZAG (10):	1,004.2700
VORTEX (21):	1.1355
Stochastique (14,3,5):	85.23
TEMA (21):	1,003.0284
Williams %R (14):	-5.45
Chande Momentum Oscillator (20):	10.9100
Repulse (5,40,3):	0.4495
ROCnROLL:	1
TRIX (15,9):	0.0491
Courbe Coppock:	2.51

MA7:	988.1529
MA20:	967.4325
MA50:	939.2464
MA100:	968.3067
MAexp7:	1,001.2172
MAexp20:	996.6189
MAexp50:	989.7409
MAexp100:	980.4059
Price / MA7:	+1.64%
Price / MA20:	+3.82%
Price / MA50:	+6.94%
Price / MA100:	+3.73%
Price / MAexp7:	+0.32%
Price / MAexp20:	+0.78%
Price / MAexp50:	+1.48%
Price / MAexp100:	+2.45%

Quotes : - 15 min delayed data - Indices Espagne