IBEX INVX2 - Daily - Technical analysis published on 02/10/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 182.1000 EUR
My targets
168.5333 EUR (-5.79%)
154.9667 EUR (-13.38%)
My analysis
The bearish trend is currently very strong for IBEX INVX2. As long as the price remains below the resistance at 182.1000 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 168.5333 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 154.9667 EUR as an objective. Crossing it would then enable sellers to target 129.8333 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 sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEX INVX2 rating 178.9000 EUR. On the day, this instrument gained +2.88% and was between 175.0000 EUR and 180.5000 EUR. This implies that the price is at +2.23% from its lowest and at -0.89% from its highest.175.0000
180.5000
178.9000
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 IBEX INVX2 in Daily 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 5 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 178.9000 | 182.1000 | 215.6910 | 258.4000 |
| Change (%) | - | +1.79% | +20.57% | +44.44% |
| Change | - | +3.2000 | +36.7910 | +79.5000 |
| Level | - | Minor | Intermediate | 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 | 170.5667 | 171.2333 | 172.5667 | 173.2333 | 174.5667 | 175.2333 | 176.5667 |
| Camarilla | 173.3500 | 173.5333 | 173.7167 | 173.9000 | 174.0833 | 174.2667 | 174.4500 |
| Woodie | 170.9000 | 171.4000 | 172.9000 | 173.4000 | 174.9000 | 175.4000 | 176.9000 |
| Fibonacci | 171.2333 | 171.9973 | 172.4693 | 173.2333 | 173.9973 | 174.4693 | 175.2333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 158.5667 | 165.4333 | 169.9667 | 176.8333 | 181.3667 | 188.2333 | 192.7667 |
| Camarilla | 171.3650 | 172.4100 | 173.4550 | 174.5000 | 175.5450 | 176.5900 | 177.6350 |
| Woodie | 157.4000 | 164.8500 | 168.8000 | 176.2500 | 180.2000 | 187.6500 | 191.6000 |
| Fibonacci | 165.4333 | 169.7881 | 172.4785 | 176.8333 | 181.1881 | 183.8785 | 188.2333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.8333 | 154.9667 | 168.5333 | 193.6667 | 207.2333 | 232.3667 | 245.9333 |
| Camarilla | 171.4575 | 175.0050 | 178.5525 | 182.1000 | 185.6475 | 189.1950 | 192.7425 |
| Woodie | 124.0500 | 152.0750 | 162.7500 | 190.7750 | 201.4500 | 229.4750 | 240.1500 |
| Fibonacci | 154.9667 | 169.7501 | 178.8833 | 193.6667 | 208.4501 | 217.5833 | 232.3667 |
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): | 37.31 | |
| MACD (12,26,9): | -7.2379 | |
| Directional Movement: | -11.5092 | |
| AROON (14): | -85.7142 | |
| DEMA (21): | 172.6074 | |
| Parabolic SAR (0,02-0,02-0,2): | 181.6917 | |
| Elder Ray (13): | -1.4698 | |
| Super Trend (3,10): | 184.2333 | |
| Zig ZAG (10): | 178.7000 | |
| VORTEX (21): | 0.7148 | |
| Stochastique (14,3,5): | 23.27 | |
| TEMA (21): | 172.8737 | |
| Williams %R (14): | -55.84 | |
| Chande Momentum Oscillator (20): | -6.5000 | |
| Repulse (5,40,3): | 2.6530 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5982 | |
| Courbe Coppock: | 11.44 |
| MA7: | 175.7143 | |
| MA20: | 181.7100 | |
| MA50: | 200.6780 | |
| MA100: | 225.2650 | |
| MAexp7: | 177.0456 | |
| MAexp20: | 182.8085 | |
| MAexp50: | 197.6286 | |
| MAexp100: | 212.7100 | |
| Price / MA7: | +1.81% | |
| Price / MA20: | -1.55% | |
| Price / MA50: | -10.85% | |
| Price / MA100: | -20.58% | |
| Price / MAexp7: | +1.05% | |
| Price / MAexp20: | -2.14% | |
| Price / MAexp50: | -9.48% | |
| Price / MAexp100: | -15.89% |
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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