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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 08/30/2023 (GMT)

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

Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 2,232.1000 EUR
My targets
2,386.4700 EUR (+1.60%)
2,434.4800 EUR (+3.64%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade LATIBEX AS with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2,232.1000 EUR. The buyers' bullish objective is set at 2,386.4700 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,434.4800 EUR. If there is any crossing, the next objective would be the resistance located at 2,468.0000 EUR. If there is a bearish break in the support located at 2,232.1000 EUR some indecision would arise.

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
4.1

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.

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

Additional analysis

Quotes

LATIBEX AS rating 2,348.8999 EUR. On the day, this instrument gained +0.00% and was between 2,348.8999 EUR and 2,358.5000 EUR. This implies that the price is at 0% from its lowest and at -0.41% from its highest.

2,348.8999
2,358.5000
2,348.8999

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

Central Gaps

Opening Gap UP

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:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this LATIBEX AS chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,165.0100 2,232.1000 2,333.4400 2,348.8999 2,386.4700 2,434.4800 2,468.0000
Change (%) -7.83% -4.97% -0.66% - +1.60% +3.64% +5.07%
Change -183.8899 -116.7999 -15.4599 - +37.5701 +85.5801 +119.1001
Level Major Minor Major - Minor Major Minor



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
Standard2,334.33352,339.46682,344.23342,349.36672,354.13332,359.26662,364.0332
Camarilla2,346.27752,347.18502,348.09252,349.00002,349.90752,350.81502,351.7225
Woodie2,334.15022,339.37512,344.05012,349.27502,353.95002,359.17492,363.8499
Fibonacci2,339.46682,343.24862,345.58492,349.36672,353.14852,355.48482,359.2666


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,177.16682,213.43342,267.36672,303.63332,357.56662,393.83322,447.7665
Camarilla2,296.49502,304.76342,313.03172,321.30002,329.56832,337.83672,346.1050
Woodie2,186.00022,217.85012,276.20012,308.05002,366.40002,398.24992,456.5999
Fibonacci2,213.43342,247.88982,269.17692,303.63332,338.08972,359.37682,393.8332


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,247.66672,284.33332,357.66672,394.33332,467.66672,504.33332,577.6667
Camarilla2,400.75002,410.83332,420.91672,431.00002,441.08332,451.16672,461.2500
Woodie2,266.00002,293.50002,376.00002,403.50002,486.00002,513.50002,596.0000
Fibonacci2,284.33332,326.35332,352.31332,394.33332,436.35332,462.31332,504.3333

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): 54.86
MACD (12,26,9): -5.6525
Directional Movement: 6.5981
AROON (14): 71.4286
DEMA (21): 2,313.3506
Parabolic SAR (0,02-0,02-0,2): 2,264.2358
Elder Ray (13): 31.4791
Super Trend (3,10): 2,280.1441
Zig ZAG (10): 2,348.8999
VORTEX (21): 0.8553
Stochastique (14,3,5): 91.98
TEMA (21): 2,316.0084
Williams %R (14): -8.54
Chande Momentum Oscillator (20): 66.3999
Repulse (5,40,3): 0.0499
ROCnROLL: 1
TRIX (15,9): -0.0968
Courbe Coppock: 0.43
MA7: 2,324.6429
MA20: 2,310.5750
MA50: 2,351.4200
MA100: 2,321.1990
MAexp7: 2,328.6437
MAexp20: 2,324.5677
MAexp50: 2,334.5228
MAexp100: 2,332.9995
Price / MA7: +1.04%
Price / MA20: +1.66%
Price / MA50: -0.11%
Price / MA100: +1.19%
Price / MAexp7: +0.87%
Price / MAexp20: +1.05%
Price / MAexp50: +0.62%
Price / MAexp100: +0.68%

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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