IBEX X3 - 1H - Technical analysis published on 01/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 464.9667 EUR
My targets
484.6000 EUR (+3.26%)
511.6000 EUR (+9.01%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IBEX X3 as long as the price remains well above 464.9667 EUR. The buyers' bullish objective is set at 484.6000 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 511.6000 EUR. If there is any crossing, the next objective would be the resistance located at 540.4000 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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Additional analysis
Quotes
IBEX X3 rating 469.3000 EUR. On the day, this instrument lost -0.02% with the lowest point at 462.8000 EUR and the highest point at 470.4000 EUR. The deviation from the price is +1.40% for the low point and -0.23% for the high point.462.8000
470.4000
469.3000
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this IBEX X3 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 414.4330 | 429.4610 | 456.2200 | 469.3000 | 484.6000 | 540.4000 | 688.5000 |
| Change (%) | -11.69% | -8.49% | -2.79% | - | +3.26% | +15.15% | +46.71% |
| Change | -54.8670 | -39.8390 | -13.0800 | - | +15.3000 | +71.1000 | +219.2000 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 | 439.7333 | 445.6667 | 457.5333 | 463.4667 | 475.3333 | 481.2667 | 493.1333 |
| Camarilla | 464.5050 | 466.1367 | 467.7683 | 469.4000 | 471.0317 | 472.6633 | 474.2950 |
| Woodie | 442.7000 | 447.1500 | 460.5000 | 464.9500 | 478.3000 | 482.7500 | 496.1000 |
| Fibonacci | 445.6667 | 452.4663 | 456.6671 | 463.4667 | 470.2663 | 474.4671 | 481.2667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 363.9000 | 385.0000 | 427.2000 | 448.3000 | 490.5000 | 511.6000 | 553.8000 |
| Camarilla | 451.9925 | 457.7950 | 463.5975 | 469.4000 | 475.2025 | 481.0050 | 486.8075 |
| Woodie | 374.4500 | 390.2750 | 437.7500 | 453.5750 | 501.0500 | 516.8750 | 564.3500 |
| Fibonacci | 385.0000 | 409.1806 | 424.1194 | 448.3000 | 472.4806 | 487.4194 | 511.6000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 308.2333 | 341.5667 | 369.9333 | 403.2667 | 431.6333 | 464.9667 | 493.3333 |
| Camarilla | 381.3325 | 386.9883 | 392.6442 | 398.3000 | 403.9558 | 409.6117 | 415.2675 |
| Woodie | 305.7500 | 340.3250 | 367.4500 | 402.0250 | 429.1500 | 463.7250 | 490.8500 |
| Fibonacci | 341.5667 | 365.1361 | 379.6973 | 403.2667 | 426.8361 | 441.3973 | 464.9667 |
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): | 70.03 | |
| MACD (12,26,9): | 7.0788 | |
| Directional Movement: | 18.0376 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 470.8919 | |
| Parabolic SAR (0,02-0,02-0,2): | 469.6696 | |
| Elder Ray (13): | 3.6588 | |
| Super Trend (3,10): | 456.9247 | |
| Zig ZAG (10): | 468.5000 | |
| VORTEX (21): | 1.2147 | |
| Stochastique (14,3,5): | 82.25 | |
| TEMA (21): | 470.3830 | |
| Williams %R (14): | -12.18 | |
| Chande Momentum Oscillator (20): | 9.2000 | |
| Repulse (5,40,3): | 1.0008 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2527 | |
| Courbe Coppock: | 5.49 |
| MA7: | 440.0000 | |
| MA20: | 415.7550 | |
| MA50: | 403.7620 | |
| MA100: | 374.1460 | |
| MAexp7: | 466.9867 | |
| MAexp20: | 460.9380 | |
| MAexp50: | 446.4732 | |
| MAexp100: | 432.5623 | |
| Price / MA7: | +6.66% | |
| Price / MA20: | +12.88% | |
| Price / MA50: | +16.23% | |
| Price / MA100: | +25.43% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +1.81% | |
| Price / MAexp50: | +5.11% | |
| Price / MAexp100: | +8.49% |
Quotes :
-
15 min delayed data
-
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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