IBEX35 INDEX

- EUR (-)

- 15 min delayed data - IBEX35 Index

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	IBX35
ISIN:	ES0SI0000005

IBEX35 INDEX - Daily - Technical analysis published on 09/21/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 8,141.09 EUR

My targets

7,633.14 EUR (-3.04%)

7,424.17 EUR (-5.69%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IBEX35 INDEX as long as the price remains well below 8,141.09 EUR. The sellers' bearish objective is set at 7,633.14 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7,424.17 EUR. In case of crossing, the next objective would be the support located at 6,817.40 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.6

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 IBEX35 INDEX price is 7,872.20 EUR. The price registered a decrease of -0.01% on the session and was between 7,790.50 EUR and 7,896.70 EUR. This implies that the price is at +1.05% from its lowest and at -0.31% from its highest.

7,790.50

7,896.70

7,872.20

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this IBEX35 INDEX chart shows a sharp bearish trend. 92.86% 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 does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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	6,817.40	7,633.14	7,805.15	7,872.20	8,141.09	8,313.37	8,517.58
Change (%)	-13.40%	-3.04%	-0.85%	-	+3.42%	+5.60%	+8.20%
Change	-1,054.80	-239.06	-67.05	-	+268.89	+441.17	+645.38
Level	Intermediate	Major	Major	-	Major	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,618.43	7,745.77	7,809.43	7,936.77	8,000.43	8,127.77	8,191.43
Camarilla	7,820.58	7,838.08	7,855.59	7,873.10	7,890.61	7,908.12	7,925.63
Woodie	7,586.60	7,729.85	7,777.60	7,920.85	7,968.60	8,111.85	8,159.60
Fibonacci	7,745.77	7,818.73	7,863.81	7,936.77	8,009.73	8,054.81	8,127.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,612.40	7,787.30	7,886.00	8,060.90	8,159.60	8,334.50	8,433.20
Camarilla	7,909.46	7,934.54	7,959.62	7,984.70	8,009.78	8,034.86	8,059.94
Woodie	7,574.30	7,768.25	7,847.90	8,041.85	8,121.50	8,315.45	8,395.10
Fibonacci	7,787.30	7,891.82	7,956.39	8,060.90	8,165.42	8,229.99	8,334.50

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6,981.73	7,424.17	7,655.13	8,097.57	8,328.53	8,770.97	9,001.93
Camarilla	7,700.92	7,762.64	7,824.37	7,886.10	7,947.83	8,009.56	8,071.29
Woodie	6,876.00	7,371.30	7,549.40	8,044.70	8,222.80	8,718.10	8,896.20
Fibonacci	7,424.17	7,681.41	7,840.33	8,097.57	8,354.81	8,513.73	8,770.97

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):	39.99
MACD (12,26,9):	-54.4800
Directional Movement:	-0.81
AROON (14):	42.85
DEMA (21):	7,941.42
Parabolic SAR (0,02-0,02-0,2):	8,228.55
Elder Ray (13):	-140.34
Super Trend (3,10):	7,755.21
Zig ZAG (10):	7,877.10
VORTEX (21):	0.8000
Stochastique (14,3,5):	31.73
TEMA (21):	7,922.91
Williams %R (14):	-76.36
Chande Momentum Oscillator (20):	13.90
Repulse (5,40,3):	-0.5100
ROCnROLL:	2
TRIX (15,9):	-0.1000
Courbe Coppock:	0.58

MA7:	7,990.56
MA20:	7,974.03
MA50:	8,103.11
MA100:	8,237.04
MAexp7:	7,956.57
MAexp20:	8,012.33
MAexp50:	8,099.96
MAexp100:	8,206.43
Price / MA7:	-1.48%
Price / MA20:	-1.28%
Price / MA50:	-2.85%
Price / MA100:	-4.43%
Price / MAexp7:	-1.06%
Price / MAexp20:	-1.75%
Price / MAexp50:	-2.81%
Price / MAexp100:	-4.07%

Quotes : - 15 min delayed data - IBEX35 Index

News

The last news published on IBEX35 INDEX at the time of the generation of this analysis was as follows:

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

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