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INDITEX
INDITEX
- EUR (-)
- 15 min delayed data - Spain Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ITX
ISIN: ES0148396007

INDITEX - Daily - Technical analysis published on 09/23/2019 (GMT)

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Londinia
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 26.79 EUR
My targets
27.94 EUR (+1.53%)
28.79 EUR (+4.61%)
My analysis
A bullish trend on INDITEX both in substance and in the short term. A purchase could be considered as long as the price remains above 26.79 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 27.94 EUR. Then the price could move towards 28.79 EUR. Then 30.00 EUR by extension. Be careful, a return below 26.79 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.8

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The INDITEX price is 27.52 EUR. The price has increased by +0.92% since the last closing and was traded between 27.04 EUR and 27.61 EUR over the period. The price is currently at +1.78% from its lowest and -0.33% from its highest.

27.04
27.61
27.52

Here is a more detailed summary of the historical variations registered by INDITEX:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this INDITEX chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 24.00 25.59 26.79 27.52 27.94 28.79 30.00
Change (%) -12.79% -7.01% -2.65% - +1.53% +4.61% +9.01%
Change -3.52 -1.93 -0.73 - +0.42 +1.27 +2.48
Level Major Intermediate Major - Major 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
Standard26.6526.8427.0627.2527.4727.6627.88
Camarilla27.1627.2027.2327.2727.3127.3527.38
Woodie26.6626.8527.0727.2627.4827.6727.89
Fibonacci26.8427.0027.1027.2527.4127.5127.66


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.6126.0226.6427.0527.6728.0828.70
Camarilla26.9927.0827.1827.2727.3627.4627.55
Woodie25.7326.0726.7627.1027.7928.1328.82
Fibonacci26.0226.4126.6527.0527.4427.6828.08


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.1224.2326.1727.2829.2230.3332.27
Camarilla27.2827.5627.8428.1228.4028.6828.96
Woodie23.5524.4426.6027.4929.6530.5432.70
Fibonacci24.2325.3926.1127.2828.4429.1630.33

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): 53.24
MACD (12,26,9): 0.0000
Directional Movement: 5.34
AROON (14): -28.58
DEMA (21): 27.38
Parabolic SAR (0,02-0,02-0,2): 28.19
Elder Ray (13): 0.03
Super Trend (3,10): 28.26
Zig ZAG (10): 27.52
VORTEX (21): 0.9700
Stochastique (14,3,5): 34.50
TEMA (21): 27.22
Williams %R (14): -57.36
Chande Momentum Oscillator (20): -1.00
Repulse (5,40,3): 2.2000
ROCnROLL: 1
TRIX (15,9): 0.0600
Courbe Coppock: 5.37
MA7: 26.96
MA20: 27.60
MA50: 27.17
MA100: 26.37
MAexp7: 27.23
MAexp20: 27.32
MAexp50: 27.08
MAexp100: 26.65
Price / MA7: +2.08%
Price / MA20: -0.29%
Price / MA50: +1.29%
Price / MA100: +4.36%
Price / MAexp7: +1.07%
Price / MAexp20: +0.73%
Price / MAexp50: +1.62%
Price / MAexp100: +3.26%

News


The last news published on INDITEX 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.

About author

Londinia
Londinia AI

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