IBEX MEDIUM - 1H - Technical analysis published on 04/03/2024 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bullish
Technical indicators
28%
39%
33%
My opinion
Neutral between 13,187.8390 EUR and 13,442.0250 EUR
My targets
-
My analysis
The current short-term bearish trend is in contrast to the bullish trend. IBEX MEDIUM is apparently trying to reverse the trend. The return to a neutral and then bearish trend should not be long in coming if the current decline continues. What is currently happening on IBEX MEDIUM basics that the price is plunging so much? In such a situation, it would be feasible to stay away from IBEX MEDIUM or not try to counterbalance this current drop in the short term. If there is a sale, the sellers could use the support located at 13,187.8390 EUR as an objective. Sellers could then target the support located at 13,062.6800 EUR. If there is any crossing, the next objective would be support 13,009.5000 EUR. Attention should be paid to the price reaction at the start of the supports as trend traders may consider resuming purchases if the basic trend has not been able to ease or if the short term has itself become excessive.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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Additional analysis
Quotes
IBEX MEDIUM rating 13,318.0996 EUR. On the day, this instrument lost -0.21% and was traded between 13,267.0000 EUR and 13,376.9004 EUR over the period. The price is currently at +0.39% from its lowest and -0.44% from its highest.13,267.0000
13,376.9004
13,318.0996
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IBEX MEDIUM indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13,009.5000 | 13,062.6800 | 13,187.8390 | 13,318.0996 | 13,442.0250 | 13,544.7000 | 13,643.1000 |
| Change (%) | -2.32% | -1.92% | -0.98% | - | +0.93% | +1.70% | +2.44% |
| Change | -308.5996 | -255.4196 | -130.2606 | - | +123.9254 | +226.6004 | +325.0004 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,080.6673 | 13,213.5339 | 13,279.9671 | 13,412.8337 | 13,479.2669 | 13,612.1335 | 13,678.5667 |
| Camarilla | 13,291.5930 | 13,309.8621 | 13,328.1313 | 13,346.4004 | 13,364.6696 | 13,382.9387 | 13,401.2079 |
| Woodie | 13,047.4507 | 13,196.9256 | 13,246.7505 | 13,396.2254 | 13,446.0503 | 13,595.5252 | 13,645.3501 |
| Fibonacci | 13,213.5339 | 13,289.6664 | 13,336.7011 | 13,412.8337 | 13,488.9662 | 13,536.0009 | 13,612.1335 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,853.0671 | 12,980.7337 | 13,219.8669 | 13,347.5335 | 13,586.6667 | 13,714.3333 | 13,953.4665 |
| Camarilla | 13,358.1301 | 13,391.7534 | 13,425.3767 | 13,459.0000 | 13,492.6233 | 13,526.2466 | 13,559.8700 |
| Woodie | 12,908.8003 | 13,008.6004 | 13,275.6001 | 13,375.4002 | 13,642.3999 | 13,742.2000 | 14,009.1997 |
| Fibonacci | 12,980.7337 | 13,120.8513 | 13,207.4160 | 13,347.5335 | 13,487.6511 | 13,574.2158 | 13,714.3333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,576.5664 | 12,759.5332 | 13,109.2666 | 13,292.2334 | 13,641.9668 | 13,824.9336 | 14,174.6670 |
| Camarilla | 13,312.5075 | 13,361.3383 | 13,410.1692 | 13,459.0000 | 13,507.8309 | 13,556.6617 | 13,605.4926 |
| Woodie | 12,659.9497 | 12,801.2249 | 13,192.6499 | 13,333.9251 | 13,725.3501 | 13,866.6253 | 14,258.0503 |
| Fibonacci | 12,759.5332 | 12,963.0247 | 13,088.7419 | 13,292.2334 | 13,495.7249 | 13,621.4421 | 13,824.9336 |
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): | 44.61 | |
| MACD (12,26,9): | -11.8630 | |
| Directional Movement: | -7.1464 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 13,352.2000 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,347.8775 | |
| Elder Ray (13): | -19.0225 | |
| Super Trend (3,10): | 13,419.5863 | |
| Zig ZAG (10): | 13,330.0996 | |
| VORTEX (21): | 0.8820 | |
| Stochastique (14,3,5): | 21.74 | |
| TEMA (21): | 13,306.3904 | |
| Williams %R (14): | -73.61 | |
| Chande Momentum Oscillator (20): | -153.8994 | |
| Repulse (5,40,3): | -0.0044 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0043 | |
| Courbe Coppock: | 2.19 |
| MA7: | 13,307.0572 | |
| MA20: | 13,155.0350 | |
| MA50: | 13,185.9780 | |
| MA100: | 13,239.1080 | |
| MAexp7: | 13,325.2993 | |
| MAexp20: | 13,356.3939 | |
| MAexp50: | 13,319.5985 | |
| MAexp100: | 13,249.8551 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | +1.24% | |
| Price / MA50: | +1.00% | |
| Price / MA100: | +0.60% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.52% |
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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