IBEX X2 - 1H - Technical analysis published on 06/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 5,614.2800 EUR
My targets
5,771.7000 EUR (+0.46%)
5,881.7110 EUR (+2.37%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on IBEX X2. This is a positive signal for buyers. As long as the price remains above 5,614.2800 EUR, a purchase could be considered. The first bullish objective is located at 5,771.7000 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5,881.7110 EUR as an objective. Crossing it would then enable buyers to target 5,965.5750 EUR. In the event of a return below 5,614.2800 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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 rating is 5,745.2998 EUR. On the day, this instrument gained +2.47% and was between 5,612.8999 EUR and 5,756.0000 EUR. This implies that the price is at +2.36% from its lowest and at -0.19% from its highest.5,612.8999
5,756.0000
5,745.2998
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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
Technical analysis of this 1H chart of IBEX X2 indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,453.1600 | 5,537.2000 | 5,614.2800 | 5,745.2998 | 5,771.7000 | 5,881.7110 | 5,965.5750 |
| Change (%) | -5.08% | -3.62% | -2.28% | - | +0.46% | +2.37% | +3.83% |
| Change | -292.1398 | -208.0998 | -131.0198 | - | +26.4002 | +136.4112 | +220.2752 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,321.9666 | 5,431.9333 | 5,519.3665 | 5,629.3332 | 5,716.7664 | 5,826.7331 | 5,914.1663 |
| Camarilla | 5,552.5148 | 5,570.6098 | 5,588.7048 | 5,606.7998 | 5,624.8948 | 5,642.9898 | 5,661.0848 |
| Woodie | 5,310.7000 | 5,426.2999 | 5,508.0999 | 5,623.6998 | 5,705.4998 | 5,821.0997 | 5,902.8997 |
| Fibonacci | 5,431.9333 | 5,507.3400 | 5,553.9264 | 5,629.3332 | 5,704.7399 | 5,751.3263 | 5,826.7331 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,174.3003 | 5,316.2002 | 5,461.5000 | 5,603.3999 | 5,748.6997 | 5,890.5996 | 6,035.8994 |
| Camarilla | 5,527.8199 | 5,554.1465 | 5,580.4732 | 5,606.7998 | 5,633.1264 | 5,659.4531 | 5,685.7797 |
| Woodie | 5,176.0003 | 5,317.0502 | 5,463.2000 | 5,604.2499 | 5,750.3997 | 5,891.4496 | 6,037.5994 |
| Fibonacci | 5,316.2002 | 5,425.9105 | 5,493.6896 | 5,603.3999 | 5,713.1102 | 5,780.8893 | 5,890.5996 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,002.7331 | 5,219.7664 | 5,572.9333 | 5,789.9666 | 6,143.1335 | 6,360.1668 | 6,713.3337 |
| Camarilla | 5,769.2951 | 5,821.5634 | 5,873.8318 | 5,926.1001 | 5,978.3685 | 6,030.6368 | 6,082.9052 |
| Woodie | 5,070.7998 | 5,253.7998 | 5,641.0000 | 5,824.0000 | 6,211.2002 | 6,394.2002 | 6,781.4004 |
| Fibonacci | 5,219.7664 | 5,437.5829 | 5,572.1502 | 5,789.9666 | 6,007.7831 | 6,142.3504 | 6,360.1668 |
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): | 62.95 | |
| MACD (12,26,9): | 17.6768 | |
| Directional Movement: | 11.4440 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 5,689.5992 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,598.6667 | |
| Elder Ray (13): | 53.5807 | |
| Super Trend (3,10): | 5,616.8812 | |
| Zig ZAG (10): | 5,747.2002 | |
| VORTEX (21): | 1.0569 | |
| Stochastique (14,3,5): | 99.19 | |
| TEMA (21): | 5,718.9215 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 152.2998 | |
| Repulse (5,40,3): | 0.9171 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0243 | |
| Courbe Coppock: | 2.45 |
| MA7: | 5,640.9570 | |
| MA20: | 5,804.0949 | |
| MA50: | 5,729.0880 | |
| MA100: | 5,397.1730 | |
| MAexp7: | 5,712.5767 | |
| MAexp20: | 5,670.3773 | |
| MAexp50: | 5,663.6691 | |
| MAexp100: | 5,704.7059 | |
| Price / MA7: | +1.85% | |
| Price / MA20: | -1.01% | |
| Price / MA50: | +0.28% | |
| Price / MA100: | +6.45% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +1.32% | |
| Price / MAexp50: | +1.44% | |
| Price / MAexp100: | +0.71% |
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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