IBEX MEDIUM

- EUR (-)

- 15 min delayed data - Spain Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	INDC
ISIN:	ES0SI0000013

IBEX MEDIUM - Daily - Technical analysis published on 06/01/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

78%

My opinion

Bearish under 13,351.5000 EUR

My targets

13,010.3000 EUR (-1.37%)

12,325.9000 EUR (-6.56%)

My analysis

The bearish trend is currently very strong for IBEX MEDIUM. As long as the price remains below the resistance at 13,351.5000 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 13,010.3000 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12,325.9000 EUR as an objective. Crossing it would then enable sellers to target 11,580.2000 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.7

Comment on the analysis

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.

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

Additional analysis

Quotes

The IBEX MEDIUM price is 13,190.7998 EUR. The price has increased by +0.00% since the last closing with the lowest point at 13,131.0996 EUR and the highest point at 13,247.4004 EUR. The deviation from the price is +0.45% for the low point and -0.43% for the high point.

13,131.0996

13,247.4004

13,190.7998

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by IBEX MEDIUM:

The Central Records scanner for higher/lower results shows the following items:

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 Daily shows a overall strongly bearish trend. 89.29% 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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11,580.2000	12,325.9000	13,010.3000	13,190.7998	13,351.5000	13,573.1000	13,822.6000
Change (%)	-12.21%	-6.56%	-1.37%	-	+1.22%	+2.90%	+4.79%
Change	-1,610.5998	-864.8998	-180.4998	-	+160.7002	+382.3002	+631.8002
Level	Intermediate	Major	Major	-	Intermediate	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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	32.89
MACD (12,26,9):	-76.8708
Directional Movement:	-21.7381
AROON (14):	-100.0000
DEMA (21):	13,349.8565
Parabolic SAR (0,02-0,02-0,2):	13,620.2733
Elder Ray (13):	-207.0967
Super Trend (3,10):	13,568.4789
Zig ZAG (10):	13,190.7998
VORTEX (21):	0.9438
Stochastique (14,3,5):	8.76
TEMA (21):	13,305.3383
Williams %R (14):	-87.41
Chande Momentum Oscillator (20):	-274.0000
Repulse (5,40,3):	-1.5190
ROCnROLL:	2
TRIX (15,9):	-0.0490
Courbe Coppock:	2.84

MA7:	13,354.7001
MA20:	13,485.6400
MA50:	13,551.2460
MA100:	13,631.3120
MAexp7:	13,331.3213
MAexp20:	13,439.1832
MAexp50:	13,516.1898
MAexp100:	13,465.6490
Price / MA7:	-1.23%
Price / MA20:	-2.19%
Price / MA50:	-2.66%
Price / MA100:	-3.23%
Price / MAexp7:	-1.05%
Price / MAexp20:	-1.85%
Price / MAexp50:	-2.41%
Price / MAexp100:	-2.04%

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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