IBEX X3 - 1H - Technical analysis published on 12/08/2023 (GMT)
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- Timeframe : 1H
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- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 669.7667 EUR
My targets
690.3800 EUR (+2.31%)
714.9667 EUR (+5.95%)
My analysis
The basic bullish trend is very strong on IBEX X3 but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 669.7667 EUR. Crossing the first resistance at 690.3800 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 714.9667 EUR as an objective. Crossing it would then enable buyers to target 1,313.5000 EUR. Caution, a return to below 669.7667 EUR would be a sign of a consolidation phase in the short-term basic trend. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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Additional analysis
Quotes
The IBEX X3 price is 674.8000 EUR. The price has increased by +2.34% since the last closing and was between 658.0000 EUR and 675.5000 EUR. This implies that the price is at +2.55% from its lowest and at -0.10% from its highest.658.0000
675.5000
674.8000
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a 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. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 605.1933 | 643.0889 | 669.7667 | 674.8000 | 690.3800 | 1,313.5000 | 2,052.8335 |
| Change (%) | -10.32% | -4.70% | -0.75% | - | +2.31% | +94.65% | +204.21% |
| Change | -69.6067 | -31.7111 | -5.0333 | - | +15.5800 | +638.7000 | +1,378.0335 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 621.9333 | 637.4667 | 648.4333 | 663.9667 | 674.9333 | 690.4667 | 701.4333 |
| Camarilla | 652.1125 | 654.5417 | 656.9708 | 659.4000 | 661.8292 | 664.2583 | 666.6875 |
| Woodie | 619.6500 | 636.3250 | 646.1500 | 662.8250 | 672.6500 | 689.3250 | 699.1500 |
| Fibonacci | 637.4667 | 647.5897 | 653.8437 | 663.9667 | 674.0897 | 680.3437 | 690.4667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 590.1667 | 604.0333 | 631.7667 | 645.6333 | 673.3667 | 687.2333 | 714.9667 |
| Camarilla | 648.0600 | 651.8733 | 655.6867 | 659.5000 | 663.3133 | 667.1267 | 670.9400 |
| Woodie | 597.1000 | 607.5000 | 638.7000 | 649.1000 | 680.3000 | 690.7000 | 721.9000 |
| Fibonacci | 604.0333 | 619.9245 | 629.7421 | 645.6333 | 661.5245 | 671.3421 | 687.2333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 336.0667 | 401.1333 | 522.4667 | 587.5333 | 708.8667 | 773.9333 | 895.2667 |
| Camarilla | 592.5400 | 609.6267 | 626.7133 | 643.8000 | 660.8867 | 677.9733 | 695.0600 |
| Woodie | 364.2000 | 415.2000 | 550.6000 | 601.6000 | 737.0000 | 788.0000 | 923.4000 |
| Fibonacci | 401.1333 | 472.3381 | 516.3285 | 587.5333 | 658.7381 | 702.7285 | 773.9333 |
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): | 54.32 | |
| MACD (12,26,9): | -0.1760 | |
| Directional Movement: | 12.2873 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 666.3237 | |
| Parabolic SAR (0,02-0,02-0,2): | 656.2445 | |
| Elder Ray (13): | 5.3113 | |
| Super Trend (3,10): | 655.2682 | |
| Zig ZAG (10): | 671.9000 | |
| VORTEX (21): | 0.9489 | |
| Stochastique (14,3,5): | 92.73 | |
| TEMA (21): | 665.2825 | |
| Williams %R (14): | -3.27 | |
| Chande Momentum Oscillator (20): | 19.4000 | |
| Repulse (5,40,3): | 1.7898 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0386 | |
| Courbe Coppock: | 0.73 |
| MA7: | 666.3286 | |
| MA20: | 623.0300 | |
| MA50: | 547.3500 | |
| MA100: | 548.9080 | |
| MAexp7: | 668.5871 | |
| MAexp20: | 667.3568 | |
| MAexp50: | 663.7995 | |
| MAexp100: | 648.4651 | |
| Price / MA7: | +1.27% | |
| Price / MA20: | +8.31% | |
| Price / MA50: | +23.28% | |
| Price / MA100: | +22.93% | |
| Price / MAexp7: | +0.93% | |
| Price / MAexp20: | +1.12% | |
| Price / MAexp50: | +1.66% | |
| Price / MAexp100: | +4.06% |
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.
About author
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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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