IBEX X2 - 1H - Technical analysis published on 08/04/2022 (GMT)
- 134
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 3,355.2700 EUR
My targets
3,441.5000 EUR (+2.19%)
3,525.1667 EUR (+4.67%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 3,355.2700 EUR remains possible. It is advisable to trade IBEX X2 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3,355.2700 EUR. The next bullish objective for buyers is set at 3,441.5000 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,525.1667 EUR. If there is any crossing, the next objective would be the resistance located at 3,650.6000 EUR. PS: if there is a bearish break in the support located at 3,355.2700 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.5
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 X2 rating 3,367.8999 EUR. The price registered a decrease of -0.01% on the session and was between 3,361.5000 EUR and 3,428.1001 EUR. This implies that the price is at +0.19% from its lowest and at -1.76% from its highest.3,361.5000
3,428.1001
3,367.8999
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IBEX X2 indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Dragon-fly doji
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,248.5500 | 3,293.6100 | 3,355.2700 | 3,367.8999 | 3,441.5000 | 3,650.6000 | 3,826.2400 |
| Change (%) | -3.54% | -2.21% | -0.38% | - | +2.19% | +8.39% | +13.61% |
| Change | -119.3499 | -74.2899 | -12.6299 | - | +73.6001 | +282.7001 | +458.3401 |
| Level | Intermediate | Intermediate | Major | - | 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 | 3,243.2330 | 3,274.5665 | 3,321.4332 | 3,352.7667 | 3,399.6334 | 3,430.9669 | 3,477.8336 |
| Camarilla | 3,346.7950 | 3,353.9633 | 3,361.1317 | 3,368.3000 | 3,375.4684 | 3,382.6367 | 3,389.8051 |
| Woodie | 3,250.9997 | 3,278.4498 | 3,329.1999 | 3,356.6500 | 3,407.4001 | 3,434.8502 | 3,485.6003 |
| Fibonacci | 3,274.5665 | 3,304.4389 | 3,322.8942 | 3,352.7667 | 3,382.6391 | 3,401.0944 | 3,430.9669 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,102.9333 | 3,175.3667 | 3,277.8333 | 3,350.2667 | 3,452.7333 | 3,525.1667 | 3,627.6333 |
| Camarilla | 3,332.2025 | 3,348.2350 | 3,364.2675 | 3,380.3000 | 3,396.3325 | 3,412.3650 | 3,428.3975 |
| Woodie | 3,117.9500 | 3,182.8750 | 3,292.8500 | 3,357.7750 | 3,467.7500 | 3,532.6750 | 3,642.6500 |
| Fibonacci | 3,175.3667 | 3,242.1785 | 3,283.4549 | 3,350.2667 | 3,417.0785 | 3,458.3549 | 3,525.1667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,751.5665 | 2,909.0333 | 3,144.6666 | 3,302.1334 | 3,537.7667 | 3,695.2335 | 3,930.8668 |
| Camarilla | 3,272.1975 | 3,308.2317 | 3,344.2658 | 3,380.3000 | 3,416.3342 | 3,452.3684 | 3,488.4025 |
| Woodie | 2,790.6499 | 2,928.5749 | 3,183.7500 | 3,321.6750 | 3,576.8501 | 3,714.7751 | 3,969.9502 |
| Fibonacci | 2,909.0333 | 3,059.1975 | 3,151.9691 | 3,302.1334 | 3,452.2976 | 3,545.0692 | 3,695.2335 |
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): | 54.08 | |
| MACD (12,26,9): | 12.6872 | |
| Directional Movement: | 3.4550 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 3,393.7719 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,362.7295 | |
| Elder Ray (13): | 1.2007 | |
| Super Trend (3,10): | 3,342.2065 | |
| Zig ZAG (10): | 3,381.0000 | |
| VORTEX (21): | 1.1759 | |
| Stochastique (14,3,5): | 47.99 | |
| TEMA (21): | 3,399.5151 | |
| Williams %R (14): | -66.81 | |
| Chande Momentum Oscillator (20): | 16.9001 | |
| Repulse (5,40,3): | -0.4322 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0482 | |
| Courbe Coppock: | 2.67 |
| MA7: | 3,351.1857 | |
| MA20: | 3,297.5550 | |
| MA50: | 3,474.0620 | |
| MA100: | 3,591.6080 | |
| MAexp7: | 3,390.5662 | |
| MAexp20: | 3,378.6332 | |
| MAexp50: | 3,359.3306 | |
| MAexp100: | 3,339.3221 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +2.13% | |
| Price / MA50: | -3.06% | |
| Price / MA100: | -6.23% | |
| Price / MAexp7: | -0.67% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.86% |
Quotes :
-
15 min delayed data
-
Spain Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis IBEX X2 - 1H