LATIBEX TOP - Daily - Technical analysis published on 05/04/2023 (GMT)
- 118
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 5,096.8400 EUR
My targets
4,782.2000 EUR (-5.06%)
4,515.4400 EUR (-10.36%)
My analysis
The bearish trend is currently very strong for LATIBEX TOP. As long as the price remains below the resistance at 5,096.8400 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 4,782.2000 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4,515.4400 EUR as an objective. Crossing it would then enable sellers to target 3,833.5600 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7
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 LATIBEX TOP price is 5,037.1001 EUR. On the day, this instrument lost -0.04% with the lowest point at 5,037.1001 EUR and the highest point at 5,065.2002 EUR. The deviation from the price is 0% for the low point and -0.55% for the high point.5,037.1001
5,065.2002
5,037.1001
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this LATIBEX TOP chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,833.5600 | 4,515.4400 | 4,782.2000 | 5,037.1001 | 5,096.8400 | 5,251.8000 | 5,635.0600 |
| Change (%) | -23.89% | -10.36% | -5.06% | - | +1.19% | +4.26% | +11.87% |
| Change | -1,203.5401 | -521.6601 | -254.9001 | - | +59.7399 | +214.6999 | +597.9599 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 5,006.3337 | 5,013.2669 | 5,026.1335 | 5,033.0667 | 5,045.9333 | 5,052.8665 | 5,065.7331 |
| Camarilla | 5,033.5551 | 5,035.3700 | 5,037.1850 | 5,039.0000 | 5,040.8150 | 5,042.6300 | 5,044.4450 |
| Woodie | 5,009.3003 | 5,014.7503 | 5,029.1001 | 5,034.5501 | 5,048.8999 | 5,054.3499 | 5,068.6997 |
| Fibonacci | 5,013.2669 | 5,020.8305 | 5,025.5032 | 5,033.0667 | 5,040.6303 | 5,045.3030 | 5,052.8665 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,969.2002 | 5,033.1001 | 5,077.5000 | 5,141.3999 | 5,185.7998 | 5,249.6997 | 5,294.0996 |
| Camarilla | 5,092.1175 | 5,102.0449 | 5,111.9724 | 5,121.8999 | 5,131.8274 | 5,141.7549 | 5,151.6824 |
| Woodie | 4,959.4502 | 5,028.2251 | 5,067.7500 | 5,136.5249 | 5,176.0498 | 5,244.8247 | 5,284.3496 |
| Fibonacci | 5,033.1001 | 5,074.4706 | 5,100.0294 | 5,141.3999 | 5,182.7704 | 5,208.3292 | 5,249.6997 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,675.0337 | 4,849.5669 | 4,985.7334 | 5,160.2666 | 5,296.4331 | 5,470.9663 | 5,607.1328 |
| Camarilla | 5,036.4575 | 5,064.9383 | 5,093.4191 | 5,121.8999 | 5,150.3807 | 5,178.8615 | 5,207.3423 |
| Woodie | 4,655.8504 | 4,839.9752 | 4,966.5501 | 5,150.6749 | 5,277.2498 | 5,461.3746 | 5,587.9495 |
| Fibonacci | 4,849.5669 | 4,968.2542 | 5,041.5793 | 5,160.2666 | 5,278.9539 | 5,352.2790 | 5,470.9663 |
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): | 42.08 | |
| MACD (12,26,9): | -10.8519 | |
| Directional Movement: | -8.5633 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 5,122.7554 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,217.9916 | |
| Elder Ray (13): | -68.2402 | |
| Super Trend (3,10): | 5,206.3199 | |
| Zig ZAG (10): | 5,044.7998 | |
| VORTEX (21): | 0.9739 | |
| Stochastique (14,3,5): | 4.60 | |
| TEMA (21): | 5,119.6230 | |
| Williams %R (14): | -92.18 | |
| Chande Momentum Oscillator (20): | -281.9004 | |
| Repulse (5,40,3): | -0.7923 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0451 | |
| Courbe Coppock: | 4.18 |
| MA7: | 5,098.9856 | |
| MA20: | 5,168.5100 | |
| MA50: | 5,126.8020 | |
| MA100: | 5,230.8550 | |
| MAexp7: | 5,096.0528 | |
| MAexp20: | 5,128.6524 | |
| MAexp50: | 5,156.5075 | |
| MAexp100: | 5,239.0465 | |
| Price / MA7: | -1.21% | |
| Price / MA20: | -2.54% | |
| Price / MA50: | -1.75% | |
| Price / MA100: | -3.70% | |
| Price / MAexp7: | -1.16% | |
| Price / MAexp20: | -1.79% | |
| Price / MAexp50: | -2.32% | |
| Price / MAexp100: | -3.85% |
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 LATIBEX TOP - Daily