IBEX TOP DIV - 1H - Technical analysis published on 05/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 3,182.7546 EUR
My targets
3,270.4668 EUR (+1.33%)
3,358.2334 EUR (+4.05%)
My analysis
The bullish trend is currently very strong on IBEX TOP DIV. As long as the price remains above the support at 3,182.7546 EUR, you could try to benefit from the boom. The first bullish objective is located at 3,270.4668 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3,358.2334 EUR as an objective. Crossing it would then enable buyers to target 3,643.3000 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEX TOP DIV rating 3,227.5000 EUR. The price registered an increase of +0.00% on the session with the lowest point at 3,225.8999 EUR and the highest point at 3,235.2000 EUR. The deviation from the price is +0.05% for the low point and -0.24% for the high point.3,225.8999
3,235.2000
3,227.5000
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.
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of IBEX TOP DIV in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside Tasuki gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3,043.1143 | 3,108.1000 | 3,182.7546 | 3,227.5000 | 3,358.2334 | 3,643.3000 |
| Change (%) | -5.71% | -3.70% | -1.39% | - | +4.05% | +12.88% |
| Change | -184.3857 | -119.4000 | -44.7454 | - | +130.7334 | +415.8000 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,198.4001 | 3,204.8000 | 3,216.2001 | 3,222.6000 | 3,234.0001 | 3,240.4000 | 3,251.8001 |
| Camarilla | 3,222.7051 | 3,224.3368 | 3,225.9684 | 3,227.6001 | 3,229.2318 | 3,230.8634 | 3,232.4951 |
| Woodie | 3,200.9001 | 3,206.0501 | 3,218.7001 | 3,223.8501 | 3,236.5001 | 3,241.6501 | 3,254.3001 |
| Fibonacci | 3,204.8000 | 3,211.5996 | 3,215.8004 | 3,222.6000 | 3,229.3996 | 3,233.6004 | 3,240.4000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,144.1665 | 3,158.3333 | 3,186.2666 | 3,200.4334 | 3,228.3667 | 3,242.5335 | 3,270.4668 |
| Camarilla | 3,202.6225 | 3,206.4817 | 3,210.3408 | 3,214.2000 | 3,218.0592 | 3,221.9184 | 3,225.7775 |
| Woodie | 3,151.0499 | 3,161.7749 | 3,193.1500 | 3,203.8750 | 3,235.2501 | 3,245.9751 | 3,277.3502 |
| Fibonacci | 3,158.3333 | 3,174.4155 | 3,184.3511 | 3,200.4334 | 3,216.5156 | 3,226.4512 | 3,242.5335 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,807.1002 | 2,888.6001 | 3,012.8001 | 3,094.3000 | 3,218.5000 | 3,299.9999 | 3,424.1999 |
| Camarilla | 3,080.4325 | 3,099.2884 | 3,118.1442 | 3,137.0000 | 3,155.8558 | 3,174.7117 | 3,193.5675 |
| Woodie | 2,828.4502 | 2,899.2751 | 3,034.1501 | 3,104.9750 | 3,239.8500 | 3,310.6749 | 3,445.5499 |
| Fibonacci | 2,888.6001 | 2,967.1775 | 3,015.7227 | 3,094.3000 | 3,172.8774 | 3,221.4226 | 3,299.9999 |
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): | 66.15 | |
| MACD (12,26,9): | 8.5991 | |
| Directional Movement: | 25.4353 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 3,227.5778 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,222.0560 | |
| Elder Ray (13): | 9.1472 | |
| Super Trend (3,10): | 3,214.8813 | |
| Zig ZAG (10): | 3,226.5000 | |
| VORTEX (21): | 1.2232 | |
| Stochastique (14,3,5): | 85.73 | |
| TEMA (21): | 3,229.6268 | |
| Williams %R (14): | -28.67 | |
| Chande Momentum Oscillator (20): | 15.2998 | |
| Repulse (5,40,3): | -0.1036 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0358 | |
| Courbe Coppock: | 1.09 |
| MA7: | 3,203.9143 | |
| MA20: | 3,135.6850 | |
| MA50: | 3,028.8320 | |
| MA100: | 2,899.2710 | |
| MAexp7: | 3,225.3979 | |
| MAexp20: | 3,216.2996 | |
| MAexp50: | 3,200.6692 | |
| MAexp100: | 3,177.1183 | |
| Price / MA7: | +0.74% | |
| Price / MA20: | +2.93% | |
| Price / MA50: | +6.56% | |
| Price / MA100: | +11.32% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.84% | |
| Price / MAexp100: | +1.59% |
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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