IBEX X3 - 1H - Technical analysis published on 12/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 397.9000 EUR
My targets
381.5000 EUR (-2.45%)
374.8000 EUR (-4.17%)
My analysis
The bearish trend is currently very strong for IBEX X3. As long as the price remains below the resistance at 397.9000 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 381.5000 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 374.8000 EUR as an objective. Crossing it would then enable sellers to target 367.3000 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.5
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Additional analysis
Quotes
The IBEX X3 rating is 391.1000 EUR. The price registered an increase of +2.22% on the session and was between 382.1000 EUR and 392.1000 EUR. This implies that the price is at +2.36% from its lowest and at -0.26% from its highest.382.1000
392.1000
391.1000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IBEX X3 in 1H shows a overall strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 367.3000 | 374.8000 | 381.5000 | 391.1000 | 397.9000 | 408.6640 | 419.4400 |
| Change (%) | -6.09% | -4.17% | -2.45% | - | +1.74% | +4.49% | +7.25% |
| Change | -23.8000 | -16.3000 | -9.6000 | - | +6.8000 | +17.5640 | +28.3400 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | 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 | 359.3000 | 368.6000 | 375.6000 | 384.9000 | 391.9000 | 401.2000 | 408.2000 |
| Camarilla | 378.1175 | 379.6117 | 381.1058 | 382.6000 | 384.0942 | 385.5883 | 387.0825 |
| Woodie | 358.1500 | 368.0250 | 374.4500 | 384.3250 | 390.7500 | 400.6250 | 407.0500 |
| Fibonacci | 368.6000 | 374.8266 | 378.6734 | 384.9000 | 391.1266 | 394.9734 | 401.2000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 314.9000 | 346.4000 | 364.5000 | 396.0000 | 414.1000 | 445.6000 | 463.7000 |
| Camarilla | 368.9600 | 373.5067 | 378.0533 | 382.6000 | 387.1467 | 391.6933 | 396.2400 |
| Woodie | 308.2000 | 343.0500 | 357.8000 | 392.6500 | 407.4000 | 442.2500 | 457.0000 |
| Fibonacci | 346.4000 | 365.3472 | 377.0528 | 396.0000 | 414.9472 | 426.6528 | 445.6000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 277.8000 | 310.3000 | 365.5000 | 398.0000 | 453.2000 | 485.7000 | 540.9000 |
| Camarilla | 396.5825 | 404.6217 | 412.6608 | 420.7000 | 428.7392 | 436.7783 | 444.8175 |
| Woodie | 289.1500 | 315.9750 | 376.8500 | 403.6750 | 464.5500 | 491.3750 | 552.2500 |
| Fibonacci | 310.3000 | 343.8014 | 364.4986 | 398.0000 | 431.5014 | 452.1986 | 485.7000 |
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): | 46.35 | |
| MACD (12,26,9): | -4.9120 | |
| Directional Movement: | -12.6473 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 385.3378 | |
| Parabolic SAR (0,02-0,02-0,2): | 379.4469 | |
| Elder Ray (13): | 1.3557 | |
| Super Trend (3,10): | 399.5642 | |
| Zig ZAG (10): | 391.4000 | |
| VORTEX (21): | 0.8750 | |
| Stochastique (14,3,5): | 62.27 | |
| TEMA (21): | 383.8422 | |
| Williams %R (14): | -14.81 | |
| Chande Momentum Oscillator (20): | 3.5000 | |
| Repulse (5,40,3): | 0.9468 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2205 | |
| Courbe Coppock: | 5.66 |
| MA7: | 402.8429 | |
| MA20: | 412.6550 | |
| MA50: | 375.2760 | |
| MA100: | 374.8300 | |
| MAexp7: | 388.6816 | |
| MAexp20: | 392.1764 | |
| MAexp50: | 399.6945 | |
| MAexp100: | 404.4277 | |
| Price / MA7: | -2.92% | |
| Price / MA20: | -5.22% | |
| Price / MA50: | +4.22% | |
| Price / MA100: | +4.34% | |
| Price / MAexp7: | +0.62% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -2.15% | |
| Price / MAexp100: | -3.30% |
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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