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LATIBEX AS
LATIBEX AS
- EUR (-)
- 15 min delayed data - Spain Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: INDB
ISIN: ES0SI0000617

LATIBEX AS - 1H - Technical analysis published on 08/23/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 2,496.9000 EUR
My targets
2,553.1900 EUR (+1.30%)
2,647.0000 EUR (+5.02%)
My analysis
LATIBEX AS 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 2,496.9000 EUR. The next resistance located at 2,553.1900 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 2,647.0000 EUR. After this resistance, buyers could then target 2,744.8000 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7

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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Daily Weekly

Additional analysis

Quotes

The LATIBEX AS price is 2,520.3999 EUR. The price has increased by +3.22% since the last closing and was traded between 2,441.8000 EUR and 2,520.3999 EUR over the period. The price is currently at +3.22% from its lowest and 0% from its highest.

2,441.8000
2,520.3999
2,520.3999

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this LATIBEX AS chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,420.6100 2,460.5400 2,496.9000 2,520.3999 2,553.1900 2,647.0000 2,744.8000
Change (%) -3.96% -2.38% -0.93% - +1.30% +5.02% +8.90%
Change -99.7899 -59.8599 -23.4999 - +32.7901 +126.6001 +224.4001
Level Major Intermediate Minor - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,389.40012,415.60002,468.00002,494.19992,546.59992,572.79982,625.1998
Camarilla2,498.78492,505.98992,513.19492,520.39992,527.60492,534.80992,542.0149
Woodie2,402.50012,422.15002,481.10002,500.74992,559.69992,579.34982,638.2998
Fibonacci2,415.60002,445.62522,464.17482,494.19992,524.22512,542.77472,572.7998


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,300.93362,355.26692,388.23342,442.56672,475.53322,529.86652,562.8330
Camarilla2,397.19262,405.19502,413.19752,421.20002,429.20252,437.20502,445.2075
Woodie2,290.25032,349.92522,377.55012,437.22502,464.84992,524.52482,552.1497
Fibonacci2,355.26692,388.61542,409.21812,442.56672,475.91522,496.51792,529.8665


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,939.50002,052.00002,236.00002,348.50002,532.50002,645.00002,829.0000
Camarilla2,338.46252,365.64172,392.82082,420.00002,447.17922,474.35832,501.5375
Woodie1,975.25002,069.87502,271.75002,366.37502,568.25002,662.87502,864.7500
Fibonacci2,052.00002,165.26302,235.23702,348.50002,461.76302,531.73702,645.0000

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): 68.75
MACD (12,26,9): 2.6581
Directional Movement: 31.6860
AROON (14): 42.8571
DEMA (21): 2,453.3927
Parabolic SAR (0,02-0,02-0,2): 2,401.2519
Elder Ray (13): 65.9202
Super Trend (3,10): 2,471.1456
Zig ZAG (10): 2,520.3999
VORTEX (21): 0.8932
Stochastique (14,3,5): 87.92
TEMA (21): 2,459.2056
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 51.7998
Repulse (5,40,3): 0.7782
ROCnROLL: 1
TRIX (15,9): -0.0227
Courbe Coppock: 1.06
MA7: 2,453.6000
MA20: 2,437.1450
MA50: 2,349.8760
MA100: 2,497.0780
MAexp7: 2,463.2946
MAexp20: 2,452.5302
MAexp50: 2,452.4363
MAexp100: 2,436.1917
Price / MA7: +2.72%
Price / MA20: +3.42%
Price / MA50: +7.26%
Price / MA100: +0.93%
Price / MAexp7: +2.32%
Price / MAexp20: +2.77%
Price / MAexp50: +2.77%
Price / MAexp100: +3.46%

Quotes : - 15 min delayed data - Spain Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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