IBEX SMALL C - Daily - Technical analysis published on 09/29/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 6,918.3000 EUR
My targets
6,457.3997 EUR (-3.58%)
6,224.6300 EUR (-7.06%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IBEX SMALL C as long as the price remains well below 6,918.3000 EUR. The sellers' bearish objective is set at 6,457.3997 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6,224.6300 EUR. In case of crossing, the next objective would be the support located at 5,387.0000 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, 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
0
10
7.5
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Additional analysis
Quotes
The IBEX SMALL C rating is 6,697.5000 EUR. The price is lower by -0.12% since the last closing and was between 6,683.0000 EUR and 6,711.3999 EUR. This implies that the price is at +0.22% from its lowest and at -0.21% from its highest.6,683.0000
6,711.3999
6,697.5000
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:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this IBEX SMALL C chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,509.5000 | 5,387.0000 | 6,224.6300 | 6,697.5000 | 6,918.3000 | 7,636.2300 | 7,882.4300 |
| Change (%) | -32.67% | -19.57% | -7.06% | - | +3.30% | +14.02% | +17.69% |
| Change | -2,188.0000 | -1,310.5000 | -472.8700 | - | +220.8000 | +938.7300 | +1,184.9300 |
| Level | Intermediate | Minor | 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 | 6,407.9329 | 6,496.8664 | 6,601.2332 | 6,690.1667 | 6,794.5335 | 6,883.4670 | 6,987.8338 |
| Camarilla | 6,652.4425 | 6,670.1617 | 6,687.8809 | 6,705.6001 | 6,723.3193 | 6,741.0385 | 6,758.7577 |
| Woodie | 6,415.6497 | 6,500.7247 | 6,608.9500 | 6,694.0250 | 6,802.2503 | 6,887.3253 | 6,995.5506 |
| Fibonacci | 6,496.8664 | 6,570.7071 | 6,616.3260 | 6,690.1667 | 6,764.0074 | 6,809.6263 | 6,883.4670 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,096.9997 | 6,457.3997 | 6,637.5998 | 6,997.9998 | 7,178.1999 | 7,538.5999 | 7,718.8000 |
| Camarilla | 6,669.1348 | 6,718.6898 | 6,768.2448 | 6,817.7998 | 6,867.3548 | 6,916.9098 | 6,966.4648 |
| Woodie | 6,006.8997 | 6,412.3497 | 6,547.4998 | 6,952.9498 | 7,088.0999 | 7,493.5499 | 7,628.7000 |
| Fibonacci | 6,457.3997 | 6,663.9090 | 6,791.4906 | 6,997.9998 | 7,204.5091 | 7,332.0907 | 7,538.5999 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,892.2998 | 7,170.2998 | 7,338.2998 | 7,616.2998 | 7,784.2998 | 8,062.2998 | 8,230.2998 |
| Camarilla | 7,383.6498 | 7,424.5331 | 7,465.4165 | 7,506.2998 | 7,547.1831 | 7,588.0665 | 7,628.9498 |
| Woodie | 6,837.2998 | 7,142.7998 | 7,283.2998 | 7,588.7998 | 7,729.2998 | 8,034.7998 | 8,175.2998 |
| Fibonacci | 7,170.2998 | 7,340.6718 | 7,445.9278 | 7,616.2998 | 7,786.6718 | 7,891.9278 | 8,062.2998 |
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): | 15.67 | |
| MACD (12,26,9): | -225.8812 | |
| Directional Movement: | -43.3953 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 6,863.2222 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,107.7161 | |
| Elder Ray (13): | -312.2998 | |
| Super Trend (3,10): | 7,036.1877 | |
| Zig ZAG (10): | 6,694.0000 | |
| VORTEX (21): | 0.6397 | |
| Stochastique (14,3,5): | 9.43 | |
| TEMA (21): | 6,748.1572 | |
| Williams %R (14): | -89.04 | |
| Chande Momentum Oscillator (20): | -782.2998 | |
| Repulse (5,40,3): | -2.0819 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3076 | |
| Courbe Coppock: | 15.81 |
| MA7: | 6,846.1714 | |
| MA20: | 7,213.0800 | |
| MA50: | 7,486.4980 | |
| MA100: | 7,890.5230 | |
| MAexp7: | 6,852.8153 | |
| MAexp20: | 7,133.6488 | |
| MAexp50: | 7,438.7806 | |
| MAexp100: | 7,714.6577 | |
| Price / MA7: | -2.17% | |
| Price / MA20: | -7.15% | |
| Price / MA50: | -10.54% | |
| Price / MA100: | -15.12% | |
| Price / MAexp7: | -2.27% | |
| Price / MAexp20: | -6.11% | |
| Price / MAexp50: | -9.97% | |
| Price / MAexp100: | -13.18% |
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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