IBEX INVX3 - Daily - Technical analysis published on 05/01/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 5,894.2334 EUR
My targets
5,182.3600 EUR (-2.09%)
4,732.2666 EUR (-10.59%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IBEX INVX3 as long as the price remains well below 5,894.2334 EUR. The next bearish objective for sellers is set at 5,182.3600 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4,732.2666 EUR. If there is any crossing, the next objective would be the support located at 1,258.3000 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEX INVX3 rating 5,292.8999 EUR. The price registered an increase of +2.40% on the session and was traded between 5,129.8999 EUR and 5,428.1001 EUR over the period. The price is currently at +3.18% from its lowest and -2.49% from its highest.5,129.8999
5,428.1001
5,292.8999
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of IBEX INVX3 in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.7000 | 1,258.3000 | 5,182.3600 | 5,292.8999 | 6,559.6700 | 7,456.6000 | 8,601.5000 |
| Change (%) | -99.48% | -76.23% | -2.09% | - | +23.93% | +40.88% | +62.51% |
| Change | -5,265.1999 | -4,034.5999 | -110.5399 | - | +1,266.7701 | +2,163.7001 | +3,308.6001 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | 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 | 4,840.9663 | 4,985.4331 | 5,139.1665 | 5,283.6333 | 5,437.3667 | 5,581.8335 | 5,735.5669 |
| Camarilla | 5,210.8949 | 5,238.2299 | 5,265.5649 | 5,292.8999 | 5,320.2349 | 5,347.5699 | 5,374.9050 |
| Woodie | 4,845.5996 | 4,987.7498 | 5,143.7998 | 5,285.9500 | 5,442.0000 | 5,584.1502 | 5,740.2002 |
| Fibonacci | 4,985.4331 | 5,099.3456 | 5,169.7208 | 5,283.6333 | 5,397.5458 | 5,467.9210 | 5,581.8335 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,674.4661 | 4,857.6330 | 5,075.2664 | 5,258.4333 | 5,476.0667 | 5,659.2336 | 5,876.8670 |
| Camarilla | 5,182.6798 | 5,219.4199 | 5,256.1599 | 5,292.8999 | 5,329.6399 | 5,366.3800 | 5,403.1200 |
| Woodie | 4,691.6995 | 4,866.2496 | 5,092.4998 | 5,267.0499 | 5,493.3001 | 5,667.8502 | 5,894.1004 |
| Fibonacci | 4,857.6330 | 5,010.7387 | 5,105.3276 | 5,258.4333 | 5,411.5390 | 5,506.1279 | 5,659.2336 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,826.3662 | 3,988.3330 | 4,732.2666 | 5,894.2334 | 6,638.1670 | 7,800.1338 | 8,544.0674 |
| Camarilla | 4,952.0776 | 5,126.7851 | 5,301.4927 | 5,476.2002 | 5,650.9077 | 5,825.6153 | 6,000.3228 |
| Woodie | 2,617.3496 | 3,883.8247 | 4,523.2500 | 5,789.7251 | 6,429.1504 | 7,695.6255 | 8,335.0508 |
| Fibonacci | 3,988.3330 | 4,716.3870 | 5,166.1795 | 5,894.2334 | 6,622.2874 | 7,072.0799 | 7,800.1338 |
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): | 47.44 | |
| MACD (12,26,9): | -141.7465 | |
| Directional Movement: | 2.2065 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 5,103.7474 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,921.3330 | |
| Elder Ray (13): | 50.1347 | |
| Super Trend (3,10): | 5,573.1441 | |
| Zig ZAG (10): | 5,292.8999 | |
| VORTEX (21): | 0.7602 | |
| Stochastique (14,3,5): | 63.93 | |
| TEMA (21): | 5,085.5827 | |
| Williams %R (14): | -25.93 | |
| Chande Momentum Oscillator (20): | 8.8999 | |
| Repulse (5,40,3): | -0.4665 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4434 | |
| Courbe Coppock: | 9.50 |
| MA7: | 5,166.6143 | |
| MA20: | 5,248.0950 | |
| MA50: | 5,551.9400 | |
| MA100: | 6,223.0700 | |
| MAexp7: | 5,202.4186 | |
| MAexp20: | 5,300.7033 | |
| MAexp50: | 5,621.4137 | |
| MAexp100: | 6,270.5837 | |
| Price / MA7: | +2.44% | |
| Price / MA20: | +0.85% | |
| Price / MA50: | -4.67% | |
| Price / MA100: | -14.95% | |
| Price / MAexp7: | +1.74% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -5.84% | |
| Price / MAexp100: | -15.59% |
Quotes :
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15 min delayed data
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Spain Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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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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