LATIBEX TOP - Daily - Technical analysis published on 10/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 5,497.6000 EUR
My targets
5,818.0000 EUR (+3.16%)
6,071.4000 EUR (+7.65%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on LATIBEX TOP. This is a positive signal for buyers. As long as the price remains above 5,497.6000 EUR, a purchase could be considered. The first bullish objective is located at 5,818.0000 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6,071.4000 EUR as an objective. Crossing it would then enable buyers to target 6,479.3000 EUR. In the event of a return below 5,497.6000 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
0
10
6.1
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Additional analysis
Quotes
LATIBEX TOP rating 5,639.8999 EUR. The price is lower by -0.02% since the last closing and was traded between 5,639.8999 EUR and 5,644.1001 EUR over the period. The price is currently at 0% from its lowest and -0.07% from its highest.5,639.8999
5,644.1001
5,639.8999
Here is a more detailed summary of the historical variations registered by LATIBEX TOP:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of LATIBEX TOP indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced 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, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,251.8000 | 5,497.6000 | 5,635.0600 | 5,639.8999 | 5,818.0000 | 6,071.4000 | 6,479.3000 |
| Change (%) | -6.88% | -2.52% | -0.09% | - | +3.16% | +7.65% | +14.88% |
| Change | -388.0999 | -142.2999 | -4.8399 | - | +178.1001 | +431.5001 | +839.4001 |
| Level | Major | Minor | Major | - | Minor | Major | 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 | 5,558.0337 | 5,599.5669 | 5,620.3335 | 5,661.8667 | 5,682.6333 | 5,724.1665 | 5,744.9331 |
| Camarilla | 5,623.9677 | 5,629.6785 | 5,635.3893 | 5,641.1001 | 5,646.8109 | 5,652.5217 | 5,658.2326 |
| Woodie | 5,547.6504 | 5,594.3753 | 5,609.9502 | 5,656.6751 | 5,672.2500 | 5,718.9749 | 5,734.5498 |
| Fibonacci | 5,599.5669 | 5,623.3654 | 5,638.0682 | 5,661.8667 | 5,685.6652 | 5,700.3680 | 5,724.1665 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,108.6663 | 5,233.3332 | 5,448.8665 | 5,573.5334 | 5,789.0667 | 5,913.7336 | 6,129.2669 |
| Camarilla | 5,570.8449 | 5,602.0299 | 5,633.2149 | 5,664.3999 | 5,695.5849 | 5,726.7699 | 5,757.9550 |
| Woodie | 5,154.0996 | 5,256.0498 | 5,494.2998 | 5,596.2500 | 5,834.5000 | 5,936.4502 | 6,174.7002 |
| Fibonacci | 5,233.3332 | 5,363.2896 | 5,443.5769 | 5,573.5334 | 5,703.4898 | 5,783.7771 | 5,913.7336 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,863.8997 | 5,064.0998 | 5,214.9998 | 5,415.1999 | 5,566.0999 | 5,766.3000 | 5,917.2000 |
| Camarilla | 5,269.3474 | 5,301.5316 | 5,333.7157 | 5,365.8999 | 5,398.0841 | 5,430.2683 | 5,462.4524 |
| Woodie | 4,839.2498 | 5,051.7748 | 5,190.3499 | 5,402.8749 | 5,541.4500 | 5,753.9750 | 5,892.5501 |
| Fibonacci | 5,064.0998 | 5,198.2200 | 5,281.0796 | 5,415.1999 | 5,549.3201 | 5,632.1797 | 5,766.3000 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.68 | |
| MACD (12,26,9): | 34.3058 | |
| Directional Movement: | 5.0032 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 5,586.6679 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,403.7427 | |
| Elder Ray (13): | 64.4241 | |
| Super Trend (3,10): | 5,418.0448 | |
| Zig ZAG (10): | 5,639.8999 | |
| VORTEX (21): | 1.0249 | |
| Stochastique (14,3,5): | 89.18 | |
| TEMA (21): | 5,627.8671 | |
| Williams %R (14): | -14.46 | |
| Chande Momentum Oscillator (20): | 183.1997 | |
| Repulse (5,40,3): | 0.0409 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0047 | |
| Courbe Coppock: | 5.39 |
| MA7: | 5,650.4000 | |
| MA20: | 5,506.8150 | |
| MA50: | 5,580.8360 | |
| MA100: | 5,544.4780 | |
| MAexp7: | 5,618.5507 | |
| MAexp20: | 5,556.1116 | |
| MAexp50: | 5,543.2443 | |
| MAexp100: | 5,549.5857 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | +2.42% | |
| Price / MA50: | +1.06% | |
| Price / MA100: | +1.72% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +1.51% | |
| Price / MAexp50: | +1.74% | |
| Price / MAexp100: | +1.63% |
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.
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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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