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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 02/14/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 2,420.6100 EUR
My targets
2,268.4000 EUR (-2.33%)
2,216.8000 EUR (-4.55%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LATIBEX AS as long as the price remains well below 2,420.6100 EUR. The sellers' bearish objective is set at 2,268.4000 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,216.8000 EUR. In case of crossing, the next objective would be the support located at 2,165.0100 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.8

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 2,322.3999 EUR. The price registered a decrease of -0.05% on the session and was traded between 2,318.7000 EUR and 2,325.5000 EUR over the period. The price is currently at +0.16% from its lowest and -0.13% from its highest.

2,318.7000
2,325.5000
2,322.3999

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by LATIBEX AS:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of LATIBEX AS in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily



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 2,216.8000 2,268.4000 2,315.2600 2,322.3999 2,420.6100 2,553.1900 2,659.1000
Change (%) -4.55% -2.33% -0.31% - +4.23% +9.94% +14.50%
Change -105.5999 -53.9999 -7.1399 - +98.2101 +230.7901 +336.7001
Level Minor Minor Major - Minor 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
Standard2,301.10012,305.60012,314.60012,319.10012,328.10012,332.60012,341.6001
Camarilla2,319.88762,321.12512,322.36262,323.60012,324.83762,326.07512,327.3126
Woodie2,303.35012,306.72512,316.85012,320.22512,330.35012,333.72512,343.8501
Fibonacci2,305.60012,310.75712,313.94312,319.10012,324.25712,327.44312,332.6001


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,222.40022,254.00022,279.20002,310.80002,335.99982,367.59982,392.7996
Camarilla2,288.78002,293.98662,299.19332,304.39992,309.60662,314.81322,320.0199
Woodie2,219.20022,252.40022,276.00002,309.20002,332.79982,365.99982,389.5996
Fibonacci2,254.00022,275.69772,289.10242,310.80002,332.49752,345.90222,367.5998


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,974.46672,087.23332,259.76672,372.53332,545.06672,657.83332,830.3667
Camarilla2,353.84252,379.99502,406.14752,432.30002,458.45252,484.60502,510.7575
Woodie2,004.35002,102.17502,289.65002,387.47502,574.95002,672.77502,860.2500
Fibonacci2,087.23332,196.21792,263.54872,372.53332,481.51792,548.84872,657.8333

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): 45.04
MACD (12,26,9): -13.9676
Directional Movement: -10.9780
AROON (14): -71.4286
DEMA (21): 2,338.4001
Parabolic SAR (0,02-0,02-0,2): 2,394.8509
Elder Ray (13): -18.7621
Super Trend (3,10): 2,410.1098
Zig ZAG (10): 2,322.3999
VORTEX (21): 0.8788
Stochastique (14,3,5): 15.62
TEMA (21): 2,320.2154
Williams %R (14): -81.57
Chande Momentum Oscillator (20): -112.7002
Repulse (5,40,3): -0.4312
ROCnROLL: 2
TRIX (15,9): 0.0068
Courbe Coppock: 8.70
MA7: 2,310.7571
MA20: 2,378.0000
MA50: 2,333.1600
MA100: 2,397.5910
MAexp7: 2,324.1814
MAexp20: 2,349.7993
MAexp50: 2,359.7567
MAexp100: 2,381.8901
Price / MA7: +0.50%
Price / MA20: -2.34%
Price / MA50: -0.46%
Price / MA100: -3.14%
Price / MAexp7: -0.08%
Price / MAexp20: -1.17%
Price / MAexp50: -1.58%
Price / MAexp100: -2.50%

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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