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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 - Daily - Technical analysis published on 09/26/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Bullish
Underlying: Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 2,516.8667 EUR
My targets
2,357.2000 EUR (-2.00%)
2,138.2200 EUR (-11.10%)
My analysis
The basic trend is bearish on LATIBEX AS and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 2,516.8667 EUR. Buyers would then use the next resistance located at 2,553.1900 EUR as an objective. Crossing it would then enable buyers to target 2,744.8000 EUR. If there is a return to below the support located at 2,357.2000 EUR, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 2,138.2200 EUR and 1,860.5000 EUR by extension.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.4

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Weekly

Additional analysis

Quotes

The LATIBEX AS price is 2,405.2000 EUR. The price is lower by -0.06% since the last closing and was between 2,381.3000 EUR and 2,408.1001 EUR. This implies that the price is at +1.00% from its lowest and at -0.12% from its highest.

2,381.3000
2,408.1001
2,405.2000

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by LATIBEX AS:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of LATIBEX AS in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily


Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,860.5000 2,138.2200 2,357.2000 2,405.2000 2,420.6100 2,553.1900 2,744.8000
Change (%) -22.65% -11.10% -2.00% - +0.64% +6.15% +14.12%
Change -544.7000 -266.9800 -48.0000 - +15.4100 +147.9900 +339.6000
Level Major Major Intermediate - Major Major 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
Standard2,336.46692,371.53352,389.06682,424.13342,441.66672,476.73332,494.2666
Camarilla2,392.13512,396.95682,401.77842,406.60012,411.42182,416.24342,421.0651
Woodie2,327.70032,367.15022,380.30022,419.75012,432.90012,472.35002,485.5000
Fibonacci2,371.53352,391.62672,404.04022,424.13342,444.22662,456.64012,476.7333


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,106.83342,199.06672,302.83342,395.06672,498.83342,591.06672,694.8334
Camarilla2,352.70012,370.66682,388.63342,406.60012,424.56682,442.53342,460.5001
Woodie2,112.60012,201.95012,308.60012,397.95012,504.60012,593.95012,700.6001
Fibonacci2,199.06672,273.93872,320.19472,395.06672,469.93872,516.19472,591.0667


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,106.46632,229.43312,311.66652,434.63332,516.86672,639.83352,722.0669
Camarilla2,337.46992,356.27992,375.08992,393.89992,412.70992,431.51992,450.3300
Woodie2,086.09962,219.24982,291.29982,424.45002,496.50002,629.65022,701.7002
Fibonacci2,229.43312,307.81962,356.24682,434.63332,513.01982,561.44702,639.8335

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): 50.32
MACD (12,26,9): -3.6692
Directional Movement: 2.5976
AROON (14): 21.4286
DEMA (21): 2,396.0651
Parabolic SAR (0,02-0,02-0,2): 2,309.0312
Elder Ray (13): -4.2450
Super Trend (3,10): 2,457.7451
Zig ZAG (10): 2,405.2000
VORTEX (21): 0.8467
Stochastique (14,3,5): 65.83
TEMA (21): 2,390.2396
Williams %R (14): -41.89
Chande Momentum Oscillator (20): 49.5999
Repulse (5,40,3): -0.0925
ROCnROLL: -1
TRIX (15,9): -0.0487
Courbe Coppock: 0.45
MA7: 2,391.1286
MA20: 2,391.3900
MA50: 2,398.9640
MA100: 2,433.0210
MAexp7: 2,401.8817
MAexp20: 2,401.1857
MAexp50: 2,406.9530
MAexp100: 2,415.2973
Price / MA7: +0.59%
Price / MA20: +0.58%
Price / MA50: +0.26%
Price / MA100: -1.14%
Price / MAexp7: +0.14%
Price / MAexp20: +0.17%
Price / MAexp50: -0.07%
Price / MAexp100: -0.42%

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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