IBEXX3 NET - Daily - Technical analysis published on 07/15/2022 (GMT)
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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
22%
61%
17%
My opinion
Bearish under 5,052.9668 EUR
My targets
4,309.8665 EUR (-9.58%)
4,246.0000 EUR (-10.92%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IBEXX3 NET as long as the price remains well below 5,052.9668 EUR. The sellers' bearish objective is set at 4,309.8665 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4,246.0000 EUR. In case of crossing, the next objective would be the support located at 2,609.3400 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEXX3 NET rating 4,766.6001 EUR. The price has increased by +4.67% since the last closing and was between 4,557.3999 EUR and 4,791.8999 EUR. This implies that the price is at +4.59% from its lowest and at -0.53% from its highest.4,557.3999
4,791.8999
4,766.6001
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IBEXX3 NET in Daily 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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.
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2,609.3400 | 4,246.0000 | 4,766.6001 | 5,433.3000 | 6,115.5800 | 6,813.6300 |
| Change (%) | -45.26% | -10.92% | - | +13.99% | +28.30% | +42.95% |
| Change | -2,157.2601 | -520.6001 | - | +666.6999 | +1,348.9799 | +2,047.0299 |
| Level | Major | Intermediate | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,149.1670 | 4,315.8335 | 4,434.9668 | 4,601.6333 | 4,720.7666 | 4,887.4331 | 5,006.5664 |
| Camarilla | 4,475.5052 | 4,501.7035 | 4,527.9018 | 4,554.1001 | 4,580.2984 | 4,606.4967 | 4,632.6951 |
| Woodie | 4,125.4004 | 4,303.9502 | 4,411.2002 | 4,589.7500 | 4,697.0000 | 4,875.5498 | 4,982.7998 |
| Fibonacci | 4,315.8335 | 4,425.0090 | 4,492.4578 | 4,601.6333 | 4,710.8088 | 4,778.2576 | 4,887.4331 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,269.7334 | 4,515.4668 | 4,807.2334 | 5,052.9668 | 5,344.7334 | 5,590.4668 | 5,882.2334 |
| Camarilla | 4,951.1875 | 5,000.4583 | 5,049.7292 | 5,099.0000 | 5,148.2708 | 5,197.5417 | 5,246.8125 |
| Woodie | 4,292.7500 | 4,526.9751 | 4,830.2500 | 5,064.4751 | 5,367.7500 | 5,601.9751 | 5,905.2500 |
| Fibonacci | 4,515.4668 | 4,720.7918 | 4,847.6418 | 5,052.9668 | 5,258.2918 | 5,385.1418 | 5,590.4668 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,393.3665 | 3,604.8332 | 4,309.8665 | 5,521.3332 | 6,226.3665 | 7,437.8332 | 8,142.8665 |
| Camarilla | 4,487.8624 | 4,663.5416 | 4,839.2207 | 5,014.8999 | 5,190.5791 | 5,366.2582 | 5,541.9374 |
| Woodie | 2,140.1499 | 3,478.2249 | 4,056.6499 | 5,394.7249 | 5,973.1499 | 7,311.2249 | 7,889.6499 |
| Fibonacci | 3,604.8332 | 4,336.9362 | 4,789.2302 | 5,521.3332 | 6,253.4362 | 6,705.7302 | 7,437.8332 |
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): | 38.98 | |
| MACD (12,26,9): | -233.0588 | |
| Directional Movement: | -17.6018 | |
| AROON (14): | -85.7142 | |
| DEMA (21): | 4,756.4152 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,138.9981 | |
| Elder Ray (13): | -274.4143 | |
| Super Trend (3,10): | 5,490.5228 | |
| Zig ZAG (10): | 4,703.7002 | |
| VORTEX (21): | 0.8996 | |
| Stochastique (14,3,5): | 13.17 | |
| TEMA (21): | 4,673.7817 | |
| Williams %R (14): | -80.05 | |
| Chande Momentum Oscillator (20): | -494.3003 | |
| Repulse (5,40,3): | -0.5789 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6085 | |
| Courbe Coppock: | 13.31 |
| MA7: | 4,888.8142 | |
| MA20: | 5,051.3850 | |
| MA50: | 5,547.6260 | |
| MA100: | 5,592.3420 | |
| MAexp7: | 4,820.8604 | |
| MAexp20: | 5,062.0911 | |
| MAexp50: | 5,393.6079 | |
| MAexp100: | 5,642.2240 | |
| Price / MA7: | -2.50% | |
| Price / MA20: | -5.64% | |
| Price / MA50: | -14.08% | |
| Price / MA100: | -14.77% | |
| Price / MAexp7: | -1.13% | |
| Price / MAexp20: | -5.84% | |
| Price / MAexp50: | -11.63% | |
| Price / MAexp100: | -15.52% |
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.
About author
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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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