IBEX X3 - 1H - Technical analysis published on 01/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 643.4333 EUR
My targets
637.4667 EUR (-0.69%)
623.4000 EUR (-2.88%)
My analysis
In a bearish trend, the price of IBEX X3 tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 643.4333 EUR. A bearish break in the support located at 637.4667 EUR would revive the bearish momentum and fuel the basic trend. Then the price could move towards 623.4000 EUR. Then 604.4231 EUR by extension. It would be safer to wait for a bearish break in the support located at 637.4667 EUR before allowing yourself to re trade short positions (for sale) on IBEX X3. PS: if there is a bullish break in the resistance located at 643.4333 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IBEX X3 price is 641.9000 EUR. The price registered an increase of +2.67% on the session and was traded between 628.6000 EUR and 649.4000 EUR over the period. The price is currently at +2.12% from its lowest and -1.15% from its highest.628.6000
649.4000
641.9000
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IBEX X3 indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum 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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 604.4231 | 623.4000 | 637.4667 | 641.9000 | 661.6000 | 681.8000 | 690.3800 |
| Change (%) | -5.84% | -2.88% | -0.69% | - | +3.07% | +6.22% | +7.55% |
| Change | -37.4769 | -18.5000 | -4.4333 | - | +19.7000 | +39.9000 | +48.4800 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 609.7333 | 619.1667 | 630.5333 | 639.9667 | 651.3333 | 660.7667 | 672.1333 |
| Camarilla | 636.1800 | 638.0867 | 639.9933 | 641.9000 | 643.8067 | 645.7133 | 647.6200 |
| Woodie | 610.7000 | 619.6500 | 631.5000 | 640.4500 | 652.3000 | 661.2500 | 673.1000 |
| Fibonacci | 619.1667 | 627.1123 | 632.0211 | 639.9667 | 647.9123 | 652.8211 | 660.7667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 579.3667 | 601.2333 | 621.5667 | 643.4333 | 663.7667 | 685.6333 | 705.9667 |
| Camarilla | 630.2950 | 634.1633 | 638.0317 | 641.9000 | 645.7683 | 649.6367 | 653.5050 |
| Woodie | 578.6000 | 600.8500 | 620.8000 | 643.0500 | 663.0000 | 685.2500 | 705.2000 |
| Fibonacci | 601.2333 | 617.3537 | 627.3129 | 643.4333 | 659.5537 | 669.5129 | 685.6333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 566.5000 | 600.0000 | 623.4000 | 656.9000 | 680.3000 | 713.8000 | 737.2000 |
| Camarilla | 631.1525 | 636.3683 | 641.5842 | 646.8000 | 652.0158 | 657.2317 | 662.4475 |
| Woodie | 561.4500 | 597.4750 | 618.3500 | 654.3750 | 675.2500 | 711.2750 | 732.1500 |
| Fibonacci | 600.0000 | 621.7358 | 635.1642 | 656.9000 | 678.6358 | 692.0642 | 713.8000 |
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): | 50.17 | |
| MACD (12,26,9): | 0.1337 | |
| Directional Movement: | 3.3479 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 638.9403 | |
| Parabolic SAR (0,02-0,02-0,2): | 627.4420 | |
| Elder Ray (13): | 0.7755 | |
| Super Trend (3,10): | 647.1935 | |
| Zig ZAG (10): | 639.5000 | |
| VORTEX (21): | 0.9965 | |
| Stochastique (14,3,5): | 67.91 | |
| TEMA (21): | 640.5959 | |
| Williams %R (14): | -42.15 | |
| Chande Momentum Oscillator (20): | 2.8000 | |
| Repulse (5,40,3): | -0.5204 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0138 | |
| Courbe Coppock: | 0.33 |
| MA7: | 645.9714 | |
| MA20: | 647.7650 | |
| MA50: | 616.1060 | |
| MA100: | 570.1560 | |
| MAexp7: | 640.3773 | |
| MAexp20: | 639.1456 | |
| MAexp50: | 641.2159 | |
| MAexp100: | 644.6106 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -0.91% | |
| Price / MA50: | +4.19% | |
| Price / MA100: | +12.58% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | -0.42% |
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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