IBEX X2 - 1H - Technical analysis published on 03/13/2024 (GMT)
- 114
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 5,105.8665 EUR
My targets
5,423.3665 EUR (+4.21%)
6,128.7856 EUR (+17.76%)
My analysis
IBEX X2 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 5,105.8665 EUR. The next resistance located at 5,423.3665 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 6,128.7856 EUR. After this resistance, buyers could then target 7,947.7000 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 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
0
10
9.1
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
IBEX X2 rating 5,204.2998 EUR. On the day, this instrument gained +2.88% with the lowest point at 5,099.7002 EUR and the highest point at 5,217.2002 EUR. The deviation from the price is +2.05% for the low point and -0.25% for the high point.5,099.7002
5,217.2002
5,204.2998
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IBEX X2:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of IBEX X2 in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,695.7817 | 4,829.4000 | 5,004.5000 | 5,204.2998 | 6,128.7856 | 7,947.7000 | 10,196.1000 |
| Change (%) | -9.77% | -7.20% | -3.84% | - | +17.76% | +52.71% | +95.92% |
| Change | -508.5181 | -374.8998 | -199.7998 | - | +924.4858 | +2,743.4002 | +4,991.8002 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Major |
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 | 4,965.9336 | 4,989.9668 | 5,024.2334 | 5,048.2666 | 5,082.5332 | 5,106.5664 | 5,140.8330 |
| Camarilla | 5,042.4676 | 5,047.8117 | 5,053.1559 | 5,058.5000 | 5,063.8442 | 5,069.1883 | 5,074.5325 |
| Woodie | 4,971.0503 | 4,992.5252 | 5,029.3501 | 5,050.8250 | 5,087.6499 | 5,109.1248 | 5,145.9497 |
| Fibonacci | 4,989.9668 | 5,012.2373 | 5,025.9961 | 5,048.2666 | 5,070.5371 | 5,084.2959 | 5,106.5664 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,470.8665 | 4,596.4333 | 4,788.3665 | 4,913.9333 | 5,105.8665 | 5,231.4333 | 5,423.3665 |
| Camarilla | 4,892.9873 | 4,922.0915 | 4,951.1956 | 4,980.2998 | 5,009.4040 | 5,038.5081 | 5,067.6123 |
| Woodie | 4,504.0498 | 4,613.0249 | 4,821.5498 | 4,930.5249 | 5,139.0498 | 5,248.0249 | 5,456.5498 |
| Fibonacci | 4,596.4333 | 4,717.7183 | 4,792.6483 | 4,913.9333 | 5,035.2183 | 5,110.1483 | 5,231.4333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,208.8338 | 4,381.9670 | 4,539.0335 | 4,712.1667 | 4,869.2332 | 5,042.3664 | 5,199.4329 |
| Camarilla | 4,605.2952 | 4,635.5635 | 4,665.8318 | 4,696.1001 | 4,726.3684 | 4,756.6367 | 4,786.9050 |
| Woodie | 4,200.8006 | 4,377.9503 | 4,531.0003 | 4,708.1500 | 4,861.2000 | 5,038.3497 | 5,191.3997 |
| Fibonacci | 4,381.9670 | 4,508.1033 | 4,586.0304 | 4,712.1667 | 4,838.3030 | 4,916.2301 | 5,042.3664 |
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): | 82.25 | |
| MACD (12,26,9): | 51.4724 | |
| Directional Movement: | 40.1132 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 5,123.1954 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,041.9615 | |
| Elder Ray (13): | 110.7571 | |
| Super Trend (3,10): | 5,097.3045 | |
| Zig ZAG (10): | 5,212.5000 | |
| VORTEX (21): | 1.2994 | |
| Stochastique (14,3,5): | 99.30 | |
| TEMA (21): | 5,142.1159 | |
| Williams %R (14): | -1.79 | |
| Chande Momentum Oscillator (20): | 174.1001 | |
| Repulse (5,40,3): | 1.7747 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1081 | |
| Courbe Coppock: | 5.29 |
| MA7: | 4,988.9570 | |
| MA20: | 4,829.6500 | |
| MA50: | 4,757.6880 | |
| MA100: | 4,647.2760 | |
| MAexp7: | 5,149.4297 | |
| MAexp20: | 5,061.1531 | |
| MAexp50: | 4,984.3539 | |
| MAexp100: | 4,909.0774 | |
| Price / MA7: | +4.32% | |
| Price / MA20: | +7.76% | |
| Price / MA50: | +9.39% | |
| Price / MA100: | +11.99% | |
| Price / MAexp7: | +1.07% | |
| Price / MAexp20: | +2.83% | |
| Price / MAexp50: | +4.41% | |
| Price / MAexp100: | +6.01% |
Quotes :
-
15 min delayed data
-
Spain Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis IBEX X2 - 1H