IBEX X3 - 1H - Technical analysis published on 03/01/2024 (GMT)
- 102
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
56%
17%
28%
My opinion
Neutral between 617.2857 EUR and 634.0000 EUR
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on IBEX X3. It is difficult to advise a trading direction under these conditions. The first resistance is located at 634.0000 EUR. The first support is located at 617.2857 EUR. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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.
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Additional analysis
Quotes
The IBEX X3 price is 626.5000 EUR. The price registered an increase of +2.00% on the session and was traded between 615.4000 EUR and 631.0000 EUR over the period. The price is currently at +1.80% from its lowest and -0.71% from its highest.615.4000
631.0000
626.5000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this IBEX X3 chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
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 | 604.4231 | 612.2000 | 617.2857 | 626.5000 | 634.0000 | 643.8334 | 651.7000 |
| Change (%) | -3.52% | -2.28% | -1.47% | - | +1.20% | +2.77% | +4.02% |
| Change | -22.0769 | -14.3000 | -9.2143 | - | +7.5000 | +17.3334 | +25.2000 |
| Level | Major | Minor | Major | - | Major | Minor | 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 | 590.5667 | 602.3333 | 608.2667 | 620.0333 | 625.9667 | 637.7333 | 643.6667 |
| Camarilla | 609.3325 | 610.9550 | 612.5775 | 614.2000 | 615.8225 | 617.4450 | 619.0675 |
| Woodie | 587.6500 | 600.8750 | 605.3500 | 618.5750 | 623.0500 | 636.2750 | 640.7500 |
| Fibonacci | 602.3333 | 609.0947 | 613.2719 | 620.0333 | 626.7947 | 630.9719 | 637.7333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 546.4333 | 570.0667 | 604.7333 | 628.3667 | 663.0333 | 686.6667 | 721.3333 |
| Camarilla | 623.3675 | 628.7117 | 634.0558 | 639.4000 | 644.7442 | 650.0883 | 655.4325 |
| Woodie | 551.9500 | 572.8250 | 610.2500 | 631.1250 | 668.5500 | 689.4250 | 726.8500 |
| Fibonacci | 570.0667 | 592.3373 | 606.0961 | 628.3667 | 650.6373 | 664.3961 | 686.6667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 519.1333 | 553.2667 | 583.7333 | 617.8667 | 648.3333 | 682.4667 | 712.9333 |
| Camarilla | 596.4350 | 602.3567 | 608.2783 | 614.2000 | 620.1217 | 626.0433 | 631.9650 |
| Woodie | 517.3000 | 552.3500 | 581.9000 | 616.9500 | 646.5000 | 681.5500 | 711.1000 |
| Fibonacci | 553.2667 | 577.9439 | 593.1895 | 617.8667 | 642.5439 | 657.7895 | 682.4667 |
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): | 51.25 | |
| MACD (12,26,9): | -2.3935 | |
| Directional Movement: | 8.0183 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 622.1187 | |
| Parabolic SAR (0,02-0,02-0,2): | 615.1349 | |
| Elder Ray (13): | 1.6942 | |
| Super Trend (3,10): | 631.0123 | |
| Zig ZAG (10): | 627.2000 | |
| VORTEX (21): | 0.9417 | |
| Stochastique (14,3,5): | 68.94 | |
| TEMA (21): | 621.5128 | |
| Williams %R (14): | -28.41 | |
| Chande Momentum Oscillator (20): | -2.4000 | |
| Repulse (5,40,3): | 0.1723 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0667 | |
| Courbe Coppock: | 1.76 |
| MA7: | 632.1143 | |
| MA20: | 616.3850 | |
| MA50: | 625.0240 | |
| MA100: | 596.4990 | |
| MAexp7: | 624.0163 | |
| MAexp20: | 624.8189 | |
| MAexp50: | 627.2862 | |
| MAexp100: | 624.5444 | |
| Price / MA7: | -0.89% | |
| Price / MA20: | +1.64% | |
| Price / MA50: | +0.24% | |
| Price / MA100: | +5.03% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | +0.31% |
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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