IBEX MEDIUM - 1H - Technical analysis published on 06/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 13,240.5000 EUR
My targets
13,138.4000 EUR (-0.40%)
13,010.3000 EUR (-1.37%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IBEX MEDIUM as long as the price remains well below 13,240.5000 EUR. The sellers' bearish objective is set at 13,138.4000 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13,010.3000 EUR. In case of crossing, the next objective would be the support located at 12,325.9000 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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Additional analysis
Quotes
The IBEX MEDIUM rating is 13,190.7998 EUR. The price registered an increase of +0.00% on the session and was traded between 13,131.0996 EUR and 13,247.4004 EUR over the period. The price is currently at +0.45% from its lowest and -0.43% from its highest.13,131.0996
13,247.4004
13,190.7998
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IBEX MEDIUM in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,325.9000 | 13,010.3000 | 13,138.4000 | 13,190.7998 | 13,240.5000 | 13,351.5000 | 13,573.1000 |
| Change (%) | -6.56% | -1.37% | -0.40% | - | +0.38% | +1.22% | +2.90% |
| Change | -864.8998 | -180.4998 | -52.3998 | - | +49.7002 | +160.7002 | +382.3002 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,015.8320 | 13,073.4658 | 13,132.1328 | 13,189.7666 | 13,248.4336 | 13,306.0674 | 13,364.7344 |
| Camarilla | 13,158.8171 | 13,169.4780 | 13,180.1389 | 13,190.7998 | 13,201.4607 | 13,212.1216 | 13,222.7825 |
| Woodie | 13,016.3486 | 13,073.7241 | 13,132.6494 | 13,190.0249 | 13,248.9502 | 13,306.3257 | 13,365.2510 |
| Fibonacci | 13,073.4658 | 13,117.8927 | 13,145.3397 | 13,189.7666 | 13,234.1935 | 13,261.6405 | 13,306.0674 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,052.1321 | 13,195.8659 | 13,317.7327 | 13,461.4665 | 13,583.3333 | 13,727.0671 | 13,848.9339 |
| Camarilla | 13,366.5594 | 13,390.9062 | 13,415.2529 | 13,439.5996 | 13,463.9463 | 13,488.2930 | 13,512.6398 |
| Woodie | 13,041.1987 | 13,190.3992 | 13,306.7993 | 13,455.9998 | 13,572.3999 | 13,721.6004 | 13,838.0005 |
| Fibonacci | 13,195.8659 | 13,297.3253 | 13,360.0070 | 13,461.4665 | 13,562.9259 | 13,625.6076 | 13,727.0671 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,409.6673 | 12,774.0339 | 12,982.4671 | 13,346.8337 | 13,555.2669 | 13,919.6335 | 14,128.0667 |
| Camarilla | 13,033.3805 | 13,085.8871 | 13,138.3938 | 13,190.9004 | 13,243.4071 | 13,295.9137 | 13,348.4204 |
| Woodie | 12,331.7007 | 12,735.0506 | 12,904.5005 | 13,307.8504 | 13,477.3003 | 13,880.6502 | 14,050.1001 |
| Fibonacci | 12,774.0339 | 12,992.8434 | 13,128.0241 | 13,346.8337 | 13,565.6432 | 13,700.8239 | 13,919.6335 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.81 | |
| MACD (12,26,9): | -58.7896 | |
| Directional Movement: | -20.2671 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 13,151.8349 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,131.0996 | |
| Elder Ray (13): | -25.8573 | |
| Super Trend (3,10): | 13,239.7054 | |
| Zig ZAG (10): | 13,182.2998 | |
| VORTEX (21): | 0.7345 | |
| Stochastique (14,3,5): | 16.17 | |
| TEMA (21): | 13,132.6676 | |
| Williams %R (14): | -70.74 | |
| Chande Momentum Oscillator (20): | -63.1006 | |
| Repulse (5,40,3): | 0.1938 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0637 | |
| Courbe Coppock: | 2.07 |
| MA7: | 13,353.4858 | |
| MA20: | 13,485.2150 | |
| MA50: | 13,551.0760 | |
| MA100: | 13,631.2270 | |
| MAexp7: | 13,175.5050 | |
| MAexp20: | 13,229.0015 | |
| MAexp50: | 13,318.2119 | |
| MAexp100: | 13,387.0572 | |
| Price / MA7: | -1.22% | |
| Price / MA20: | -2.18% | |
| Price / MA50: | -2.66% | |
| Price / MA100: | -3.23% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | -1.47% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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