IBEX X2 - 1H - Technical analysis published on 03/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 5,666.1000 EUR
My targets
5,873.9665 EUR (+1.77%)
6,124.5330 EUR (+6.11%)
My analysis
IBEX X2 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5,666.1000 EUR. The next resistance located at 5,873.9665 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6,124.5330 EUR. After this resistance, buyers could then target 6,128.7856 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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.
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Additional analysis
Quotes
The IBEX X2 price is 5,771.7002 EUR. The price has increased by +2.17% since the last closing with the lowest point at 5,658.1001 EUR and the highest point at 5,801.2998 EUR. The deviation from the price is +2.01% for the low point and -0.51% for the high point.5,658.1001
5,801.2998
5,771.7002
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of IBEX X2 in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
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 : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,315.9000 | 5,568.3000 | 5,666.1000 | 5,771.7002 | 6,128.7856 | 7,947.7000 | 10,196.1000 |
| Change (%) | -7.90% | -3.52% | -1.83% | - | +6.19% | +37.70% | +76.66% |
| Change | -455.8002 | -203.4002 | -105.6002 | - | +357.0854 | +2,175.9998 | +4,424.3998 |
| Level | Minor | Intermediate | Intermediate | - | Minor | 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 | 5,542.9006 | 5,600.5003 | 5,686.1003 | 5,743.7000 | 5,829.3000 | 5,886.8997 | 5,972.4997 |
| Camarilla | 5,732.3203 | 5,745.4469 | 5,758.5736 | 5,771.7002 | 5,784.8268 | 5,797.9535 | 5,811.0801 |
| Woodie | 5,556.9007 | 5,607.5004 | 5,700.1004 | 5,750.7001 | 5,843.3001 | 5,893.8998 | 5,986.4998 |
| Fibonacci | 5,600.5003 | 5,655.2026 | 5,688.9978 | 5,743.7000 | 5,798.4023 | 5,832.1975 | 5,886.8997 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,965.3333 | 5,101.1667 | 5,351.7332 | 5,487.5666 | 5,738.1331 | 5,873.9665 | 6,124.5330 |
| Camarilla | 5,496.0398 | 5,531.4598 | 5,566.8798 | 5,602.2998 | 5,637.7198 | 5,673.1398 | 5,708.5598 |
| Woodie | 5,022.7000 | 5,129.8500 | 5,409.0999 | 5,516.2499 | 5,795.4998 | 5,902.6498 | 6,181.8997 |
| Fibonacci | 5,101.1667 | 5,248.7714 | 5,339.9618 | 5,487.5666 | 5,635.1713 | 5,726.3617 | 5,873.9665 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,208.8338 | 4,381.9670 | 4,539.0335 | 4,712.1667 | 4,869.2332 | 5,042.3664 | 5,199.4329 |
| Camarilla | 4,605.2952 | 4,635.5635 | 4,665.8318 | 4,696.1001 | 4,726.3684 | 4,756.6367 | 4,786.9050 |
| Woodie | 4,200.8006 | 4,377.9503 | 4,531.0003 | 4,708.1500 | 4,861.2000 | 5,038.3497 | 5,191.3997 |
| Fibonacci | 4,381.9670 | 4,508.1033 | 4,586.0304 | 4,712.1667 | 4,838.3030 | 4,916.2301 | 5,042.3664 |
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): | 74.54 | |
| MACD (12,26,9): | 54.2844 | |
| Directional Movement: | 33.8530 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 5,765.5819 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,709.0448 | |
| Elder Ray (13): | 56.2936 | |
| Super Trend (3,10): | 5,710.8875 | |
| Zig ZAG (10): | 5,771.7002 | |
| VORTEX (21): | 1.3258 | |
| Stochastique (14,3,5): | 92.36 | |
| TEMA (21): | 5,774.1643 | |
| Williams %R (14): | -16.77 | |
| Chande Momentum Oscillator (20): | 131.1001 | |
| Repulse (5,40,3): | 0.2590 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1170 | |
| Courbe Coppock: | 4.14 |
| MA7: | 5,561.4286 | |
| MA20: | 5,187.3800 | |
| MA50: | 4,890.0820 | |
| MA100: | 4,801.5630 | |
| MAexp7: | 5,754.0740 | |
| MAexp20: | 5,695.6829 | |
| MAexp50: | 5,592.1977 | |
| MAexp100: | 5,442.5207 | |
| Price / MA7: | +3.78% | |
| Price / MA20: | +11.26% | |
| Price / MA50: | +18.03% | |
| Price / MA100: | +20.20% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +1.33% | |
| Price / MAexp50: | +3.21% | |
| Price / MAexp100: | +6.05% |
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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