IBEX35 INDEX - Daily - Technical analysis published on 10/07/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 7,633.14 EUR
My targets
7,178.40 EUR (-4.42%)
6,817.40 EUR (-9.22%)
My analysis
IBEX35 INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7,633.14 EUR. The next support located at 7,178.40 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6,817.40 EUR. Below this support, sellers could then target 6,411.80 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEX35 INDEX rating 7,510.20 EUR. The price registered a decrease of -0.01% on the session with the lowest point at 7,454.70 EUR and the highest point at 7,510.20 EUR. The deviation from the price is +0.74% for the low point and 0% for the high point.7,454.70
7,510.20
7,510.20
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of IBEX35 INDEX indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 6 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 6,411.80 | 6,817.40 | 7,178.40 | 7,510.20 | 7,633.14 | 7,805.15 | 8,142.60 |
Change (%) | -14.63% | -9.22% | -4.42% | - | +1.64% | +3.93% | +8.42% |
Change | -1,098.40 | -692.80 | -331.80 | - | +122.94 | +294.95 | +632.40 |
Level | Major | Intermediate | Intermediate | - | Major | Intermediate | 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 | 7,292.50 | 7,387.30 | 7,449.20 | 7,544.00 | 7,605.90 | 7,700.70 | 7,762.60 |
Camarilla | 7,468.01 | 7,482.37 | 7,496.74 | 7,511.10 | 7,525.46 | 7,539.83 | 7,554.19 |
Woodie | 7,276.05 | 7,379.08 | 7,432.75 | 7,535.78 | 7,589.45 | 7,692.48 | 7,746.15 |
Fibonacci | 7,387.30 | 7,447.16 | 7,484.14 | 7,544.00 | 7,603.86 | 7,640.84 | 7,700.70 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 6,862.60 | 7,052.40 | 7,209.60 | 7,399.40 | 7,556.60 | 7,746.40 | 7,903.60 |
Camarilla | 7,271.38 | 7,303.18 | 7,334.99 | 7,366.80 | 7,398.61 | 7,430.42 | 7,462.23 |
Woodie | 6,846.30 | 7,044.25 | 7,193.30 | 7,391.25 | 7,540.30 | 7,738.25 | 7,887.30 |
Fibonacci | 7,052.40 | 7,184.95 | 7,266.85 | 7,399.40 | 7,531.95 | 7,613.85 | 7,746.40 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 6,000.47 | 6,621.33 | 6,994.07 | 7,614.93 | 7,987.67 | 8,608.53 | 8,981.27 |
Camarilla | 7,093.56 | 7,184.64 | 7,275.72 | 7,366.80 | 7,457.88 | 7,548.96 | 7,640.04 |
Woodie | 5,876.40 | 6,559.30 | 6,870.00 | 7,552.90 | 7,863.60 | 8,546.50 | 8,857.20 |
Fibonacci | 6,621.33 | 7,000.89 | 7,235.38 | 7,614.93 | 7,994.49 | 8,228.98 | 8,608.53 |
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): | 39.61 | |
MACD (12,26,9): | -143.3300 | |
Directional Movement: | -6.66 | |
AROON (14): | -50.00 | |
DEMA (21): | 7,472.73 | |
Parabolic SAR (0,02-0,02-0,2): | 7,269.12 | |
Elder Ray (13): | -103.54 | |
Super Trend (3,10): | 7,780.76 | |
Zig ZAG (10): | 7,503.90 | |
VORTEX (21): | 0.8300 | |
Stochastique (14,3,5): | 35.23 | |
TEMA (21): | 7,421.95 | |
Williams %R (14): | -68.18 | |
Chande Momentum Oscillator (20): | -368.10 | |
Repulse (5,40,3): | 0.3100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.2700 | |
Courbe Coppock: | 12.03 |
MA7: | 7,489.10 | |
MA20: | 7,715.16 | |
MA50: | 7,977.59 | |
MA100: | 8,138.00 | |
MAexp7: | 7,531.29 | |
MAexp20: | 7,662.36 | |
MAexp50: | 7,876.11 | |
MAexp100: | 8,059.22 | |
Price / MA7: | +0.28% | |
Price / MA20: | -2.66% | |
Price / MA50: | -5.86% | |
Price / MA100: | -7.71% | |
Price / MAexp7: | -0.28% | |
Price / MAexp20: | -1.99% | |
Price / MAexp50: | -4.65% | |
Price / MAexp100: | -6.81% |
Quotes :
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15 min delayed data
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IBEX35 Index
News
The last news published on IBEX35 INDEX at the time of the generation of this analysis was as follows:
- Will the IBEX 35 turn lower again? - 16th January 2019
- Could the IBEX 35 lose more ground 30th May 2018
- Will the IBEX 35 break lower 15th November 2017
- Can the IBEX 35 keeping pushing higher 1st November 2017
- Will the IBEX 35 keep falling 4th October 2017
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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