INDITEX

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ITX
ISIN:	ES0148396007

INDITEX - Daily - Technical analysis published on 08/18/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 33.18 EUR

My targets

35.46 EUR (+4.57%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on INDITEX as long as the price remains well above 33.18 EUR. The buyers' bullish objective is set at 35.46 EUR. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

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

The INDITEX rating is 33.91 EUR. The price is lower by -0.27% since the last closing with the lowest point at 33.64 EUR and the highest point at 33.99 EUR. The deviation from the price is +0.80% for the low point and -0.24% for the high point.

33.64

33.99

33.91

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

Bearish opening

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of INDITEX in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	27.99	30.53	33.18	33.91	35.46
Change (%)	-17.46%	-9.97%	-2.15%	-	+4.57%
Change	-5.92	-3.38	-0.73	-	+1.55
Level	Minor	Major	Major	-	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	33.33	33.49	33.74	33.90	34.15	34.31	34.56
Camarilla	33.89	33.93	33.96	34.00	34.04	34.08	34.11
Woodie	33.39	33.51	33.80	33.92	34.21	34.33	34.62
Fibonacci	33.49	33.64	33.74	33.90	34.05	34.15	34.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.02	32.49	32.89	33.36	33.76	34.23	34.63
Camarilla	33.06	33.14	33.22	33.30	33.38	33.46	33.54
Woodie	32.00	32.47	32.87	33.34	33.74	34.21	34.61
Fibonacci	32.49	32.82	33.02	33.36	33.69	33.89	34.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.01	32.06	33.43	34.48	35.85	36.90	38.27
Camarilla	34.15	34.37	34.59	34.81	35.03	35.25	35.48
Woodie	31.18	32.14	33.60	34.56	36.02	36.98	38.44
Fibonacci	32.06	32.98	33.55	34.48	35.40	35.97	36.90

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):	50.39
MACD (12,26,9):	-0.1200
Directional Movement:	-0.94
AROON (14):	-42.86
DEMA (21):	33.72
Parabolic SAR (0,02-0,02-0,2):	32.97
Elder Ray (13):	0.02
Super Trend (3,10):	34.96
Zig ZAG (10):	33.94
VORTEX (21):	0.9100
Stochastique (14,3,5):	49.13
TEMA (21):	33.50
Williams %R (14):	-47.57
Chande Momentum Oscillator (20):	0.44
Repulse (5,40,3):	2.0600
ROCnROLL:	1
TRIX (15,9):	-0.0800
Courbe Coppock:	3.60

MA7:	33.72
MA20:	33.88
MA50:	34.27
MA100:	32.68
MAexp7:	33.77
MAexp20:	33.88
MAexp50:	33.68
MAexp100:	32.46
Price / MA7:	+0.56%
Price / MA20:	+0.09%
Price / MA50:	-1.05%
Price / MA100:	+3.76%
Price / MAexp7:	+0.41%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.68%
Price / MAexp100:	+4.47%

Quotes : - 15 min delayed data - Spain Stocks

News

The last news published on INDITEX at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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