IBEX X3

INDM

- EUR (-)

- 15 min delayed data - Spain Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	INDM
ISIN:	ES0SI0000104

IBEX X3 - 1H - Technical analysis published on 12/08/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 669.7667 EUR

My targets

690.3800 EUR (+2.31%)

714.9667 EUR (+5.95%)

My analysis

The basic bullish trend is very strong on IBEX X3 but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 669.7667 EUR. Crossing the first resistance at 690.3800 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 714.9667 EUR as an objective. Crossing it would then enable buyers to target 1,313.5000 EUR. Caution, a return to below 669.7667 EUR would be a sign of a consolidation phase in the short-term basic trend. 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.

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

6.8

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 IBEX X3 price is 674.8000 EUR. The price has increased by +2.34% since the last closing and was between 658.0000 EUR and 675.5000 EUR. This implies that the price is at +2.55% from its lowest and at -0.10% from its highest.

658.0000

675.5000

674.8000

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

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 (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

A technical analysis in 1H of this IBEX X3 chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD indicator is back over 0

Type : Bullish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	605.1933	643.0889	669.7667	674.8000	690.3800	1,313.5000	2,052.8335
Change (%)	-10.32%	-4.70%	-0.75%	-	+2.31%	+94.65%	+204.21%
Change	-69.6067	-31.7111	-5.0333	-	+15.5800	+638.7000	+1,378.0335
Level	Major	Major	Minor	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	621.9333	637.4667	648.4333	663.9667	674.9333	690.4667	701.4333
Camarilla	652.1125	654.5417	656.9708	659.4000	661.8292	664.2583	666.6875
Woodie	619.6500	636.3250	646.1500	662.8250	672.6500	689.3250	699.1500
Fibonacci	637.4667	647.5897	653.8437	663.9667	674.0897	680.3437	690.4667

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	590.1667	604.0333	631.7667	645.6333	673.3667	687.2333	714.9667
Camarilla	648.0600	651.8733	655.6867	659.5000	663.3133	667.1267	670.9400
Woodie	597.1000	607.5000	638.7000	649.1000	680.3000	690.7000	721.9000
Fibonacci	604.0333	619.9245	629.7421	645.6333	661.5245	671.3421	687.2333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	336.0667	401.1333	522.4667	587.5333	708.8667	773.9333	895.2667
Camarilla	592.5400	609.6267	626.7133	643.8000	660.8867	677.9733	695.0600
Woodie	364.2000	415.2000	550.6000	601.6000	737.0000	788.0000	923.4000
Fibonacci	401.1333	472.3381	516.3285	587.5333	658.7381	702.7285	773.9333

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.32
MACD (12,26,9):	-0.1760
Directional Movement:	12.2873
AROON (14):	71.4286
DEMA (21):	666.3237
Parabolic SAR (0,02-0,02-0,2):	656.2445
Elder Ray (13):	5.3113
Super Trend (3,10):	655.2682
Zig ZAG (10):	671.9000
VORTEX (21):	0.9489
Stochastique (14,3,5):	92.73
TEMA (21):	665.2825
Williams %R (14):	-3.27
Chande Momentum Oscillator (20):	19.4000
Repulse (5,40,3):	1.7898
ROCnROLL:	1
TRIX (15,9):	-0.0386
Courbe Coppock:	0.73

MA7:	666.3286
MA20:	623.0300
MA50:	547.3500
MA100:	548.9080
MAexp7:	668.5871
MAexp20:	667.3568
MAexp50:	663.7995
MAexp100:	648.4651
Price / MA7:	+1.27%
Price / MA20:	+8.31%
Price / MA50:	+23.28%
Price / MA100:	+22.93%
Price / MAexp7:	+0.93%
Price / MAexp20:	+1.12%
Price / MAexp50:	+1.66%
Price / MAexp100:	+4.06%

Quotes : - 15 min delayed data - Spain Indices

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

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