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 11/19/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

50%

28%

22%

My opinion

Bullish above 27.12 EUR

My targets

27.99 EUR (+0.39%)

28.76 EUR (+3.16%)

My analysis

INDITEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 27.12 EUR. The next resistance located at 27.99 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 28.76 EUR. After this resistance, buyers could then target 29.99 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

FORCE

6.8

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

INDITEX rating 27.88 EUR. The price registered a decrease of -0.78% on the session with the lowest point at 27.88 EUR and the highest point at 28.19 EUR. The deviation from the price is 0% for the low point and -1.10% for the high point.

27.88

28.19

27.88

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Abnormal volumes on INDITEX were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of INDITEX in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 9 are bullish, 4 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	25.59	26.56	27.12	27.88	27.99	28.76	29.99
Change (%)	-8.21%	-4.73%	-2.73%	-	+0.39%	+3.16%	+7.57%
Change	-2.29	-1.32	-0.76	-	+0.11	+0.88	+2.11
Level	Minor	Minor	Intermediate	-	Major	Major	Intermediate

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	27.58	27.69	27.89	28.00	28.20	28.31	28.51
Camarilla	28.02	28.04	28.07	28.10	28.13	28.16	28.19
Woodie	27.64	27.71	27.95	28.02	28.26	28.33	28.57
Fibonacci	27.69	27.81	27.88	28.00	28.12	28.19	28.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.20	21.32	21.50	21.62	21.81	21.93	22.11
Camarilla	21.60	21.63	21.66	21.69	21.71	21.74	21.77
Woodie	21.23	21.34	21.53	21.64	21.84	21.94	22.14
Fibonacci	21.32	21.44	21.51	21.62	21.74	21.81	21.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.23	26.02	26.98	27.77	28.74	29.52	30.49
Camarilla	27.47	27.63	27.79	27.95	28.11	28.27	28.43
Woodie	25.32	26.06	27.07	27.81	28.83	29.57	30.58
Fibonacci	26.02	26.68	27.10	27.77	28.44	28.85	29.52

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):	51.65
MACD (12,26,9):	-0.1000
Directional Movement:	2.50
AROON (14):	-50.00
DEMA (21):	27.52
Parabolic SAR (0,02-0,02-0,2):	24.60
Elder Ray (13):	0.50
Super Trend (3,10):	25.25
Zig ZAG (10):	27.89
VORTEX (21):	0.9500
Stochastique (14,3,5):	56.33
TEMA (21):	27.31
Williams %R (14):	-21.48
Chande Momentum Oscillator (20):	-0.32
Repulse (5,40,3):	-0.1100
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	4.54

MA7:	27.29
MA20:	27.75
MA50:	27.53
MA100:	27.15
MAexp7:	27.44
MAexp20:	27.61
MAexp50:	27.51
MAexp100:	27.07
Price / MA7:	+2.16%
Price / MA20:	+0.47%
Price / MA50:	+1.27%
Price / MA100:	+2.69%
Price / MAexp7:	+1.60%
Price / MAexp20:	+0.98%
Price / MAexp50:	+1.34%
Price / MAexp100:	+2.99%

News

The latest news and videos published on INDITEX at the time of the analysis were as follows:

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

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