IBEX X2 - 1H - Technical analysis published on 07/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 3,290.5100 EUR
My targets
3,071.8000 EUR (-4.31%)
3,043.7333 EUR (-5.19%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3,290.5100 EUR remains possible. It is advisable to trade IBEX X2 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3,290.5100 EUR. The next bearish objective for sellers is set at 3,071.8000 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,043.7333 EUR. In case of crossing, the next objective would be the support located at 2,943.3000 EUR. PS: if there is a bullish break in the resistance located at 3,290.5100 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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Additional analysis
Quotes
The IBEX X2 price is 3,210.2000 EUR. The price is lower by -0.02% since the last closing and was traded between 3,195.3000 EUR and 3,278.7000 EUR over the period. The price is currently at +0.47% from its lowest and -2.09% from its highest.3,195.3000
3,278.7000
3,210.2000
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this IBEX X2 chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,943.3000 | 3,066.9000 | 3,208.9000 | 3,210.2000 | 3,290.5100 | 3,369.4000 | 3,458.3500 |
| Change (%) | -8.31% | -4.46% | -0.04% | - | +2.50% | +4.96% | +7.73% |
| Change | -266.9000 | -143.3000 | -1.3000 | - | +80.3100 | +159.2000 | +248.1500 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 3,001.0667 | 3,050.4333 | 3,130.5667 | 3,179.9333 | 3,260.0667 | 3,309.4333 | 3,389.5667 |
| Camarilla | 3,175.0875 | 3,186.9583 | 3,198.8292 | 3,210.7000 | 3,222.5708 | 3,234.4417 | 3,246.3125 |
| Woodie | 3,016.4500 | 3,058.1250 | 3,145.9500 | 3,187.6250 | 3,275.4500 | 3,317.1250 | 3,404.9500 |
| Fibonacci | 3,050.4333 | 3,099.9023 | 3,130.4643 | 3,179.9333 | 3,229.4023 | 3,259.9643 | 3,309.4333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,799.3000 | 2,932.9000 | 3,071.8000 | 3,205.4000 | 3,344.3000 | 3,477.9000 | 3,616.8000 |
| Camarilla | 3,135.7625 | 3,160.7417 | 3,185.7208 | 3,210.7000 | 3,235.6792 | 3,260.6583 | 3,285.6375 |
| Woodie | 2,801.9500 | 2,934.2250 | 3,074.4500 | 3,206.7250 | 3,346.9500 | 3,479.2250 | 3,619.4500 |
| Fibonacci | 2,932.9000 | 3,036.9950 | 3,101.3050 | 3,205.4000 | 3,309.4950 | 3,373.8050 | 3,477.9000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,235.8332 | 2,745.3666 | 3,043.7333 | 3,553.2667 | 3,851.6334 | 4,361.1668 | 4,659.5335 |
| Camarilla | 3,119.9276 | 3,193.9851 | 3,268.0426 | 3,342.1001 | 3,416.1576 | 3,490.2151 | 3,564.2726 |
| Woodie | 2,130.2500 | 2,692.5749 | 2,938.1501 | 3,500.4750 | 3,746.0502 | 4,308.3751 | 4,553.9503 |
| Fibonacci | 2,745.3666 | 3,053.9844 | 3,244.6488 | 3,553.2667 | 3,861.8845 | 4,052.5489 | 4,361.1668 |
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): | 55.62 | |
| MACD (12,26,9): | 13.0775 | |
| Directional Movement: | -3.2025 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 3,218.6437 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,272.5200 | |
| Elder Ray (13): | 14.4618 | |
| Super Trend (3,10): | 3,165.3390 | |
| Zig ZAG (10): | 3,229.1001 | |
| VORTEX (21): | 1.1205 | |
| Stochastique (14,3,5): | 60.42 | |
| TEMA (21): | 3,244.6432 | |
| Williams %R (14): | -34.11 | |
| Chande Momentum Oscillator (20): | 62.5000 | |
| Repulse (5,40,3): | -0.2760 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0243 | |
| Courbe Coppock: | 6.10 |
| MA7: | 3,238.9285 | |
| MA20: | 3,333.6550 | |
| MA50: | 3,564.3340 | |
| MA100: | 3,601.9180 | |
| MAexp7: | 3,228.2364 | |
| MAexp20: | 3,207.4154 | |
| MAexp50: | 3,218.3947 | |
| MAexp100: | 3,263.7444 | |
| Price / MA7: | -0.89% | |
| Price / MA20: | -3.70% | |
| Price / MA50: | -9.94% | |
| Price / MA100: | -10.88% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -1.64% |
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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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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