IBEXX3 NET - 1H - Technical analysis published on 08/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 5,833.2000 EUR
My targets
6,066.7334 EUR (+3.43%)
6,115.5800 EUR (+4.26%)
My analysis
IBEXX3 NET is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5,833.2000 EUR. The next resistance located at 6,066.7334 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6,115.5800 EUR. After this resistance, buyers could then target 6,785.8700 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IBEXX3 NET rating is 5,865.7998 EUR. The price registered an increase of +2.73% on the session and was between 5,738.7002 EUR and 5,915.3999 EUR. This implies that the price is at +2.21% from its lowest and at -0.84% from its highest.5,738.7002
5,915.3999
5,865.7998
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of IBEXX3 NET in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,458.0700 | 5,644.2000 | 5,833.2000 | 5,865.7998 | 6,115.5800 | 6,785.8700 | 7,522.6000 |
| Change (%) | -6.95% | -3.78% | -0.56% | - | +4.26% | +15.69% | +28.25% |
| Change | -407.7298 | -221.5998 | -32.5998 | - | +249.7802 | +920.0702 | +1,656.8002 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Minor |
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 | 5,559.9004 | 5,591.7002 | 5,650.7002 | 5,682.5000 | 5,741.5000 | 5,773.2998 | 5,832.2998 |
| Camarilla | 5,684.7303 | 5,693.0536 | 5,701.3769 | 5,709.7002 | 5,718.0235 | 5,726.3468 | 5,734.6702 |
| Woodie | 5,573.5005 | 5,598.5003 | 5,664.3003 | 5,689.3001 | 5,755.1001 | 5,780.0999 | 5,845.8999 |
| Fibonacci | 5,591.7002 | 5,626.3857 | 5,647.8145 | 5,682.5000 | 5,717.1855 | 5,738.6143 | 5,773.2998 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,840.3667 | 5,045.7334 | 5,350.8667 | 5,556.2334 | 5,861.3667 | 6,066.7334 | 6,371.8667 |
| Camarilla | 5,515.6125 | 5,562.4083 | 5,609.2042 | 5,656.0000 | 5,702.7958 | 5,749.5917 | 5,796.3875 |
| Woodie | 4,890.2500 | 5,070.6751 | 5,400.7500 | 5,581.1751 | 5,911.2500 | 6,091.6751 | 6,421.7500 |
| Fibonacci | 5,045.7334 | 5,240.7444 | 5,361.2224 | 5,556.2334 | 5,751.2444 | 5,871.7224 | 6,066.7334 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,860.4329 | 4,171.4665 | 4,676.6331 | 4,987.6667 | 5,492.8333 | 5,803.8669 | 6,309.0335 |
| Camarilla | 4,957.3448 | 5,032.1631 | 5,106.9815 | 5,181.7998 | 5,256.6182 | 5,331.4365 | 5,406.2549 |
| Woodie | 3,957.4995 | 4,219.9998 | 4,773.6997 | 5,036.2000 | 5,589.8999 | 5,852.4002 | 6,406.1001 |
| Fibonacci | 4,171.4665 | 4,483.2549 | 4,675.8782 | 4,987.6667 | 5,299.4551 | 5,492.0784 | 5,803.8669 |
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): | 66.40 | |
| MACD (12,26,9): | 70.2693 | |
| Directional Movement: | 17.9042 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 5,865.8701 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,690.3843 | |
| Elder Ray (13): | 64.5092 | |
| Super Trend (3,10): | 5,732.1331 | |
| Zig ZAG (10): | 5,895.7998 | |
| VORTEX (21): | 1.1622 | |
| Stochastique (14,3,5): | 83.14 | |
| TEMA (21): | 5,881.6927 | |
| Williams %R (14): | -5.53 | |
| Chande Momentum Oscillator (20): | 243.8999 | |
| Repulse (5,40,3): | 1.2223 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1504 | |
| Courbe Coppock: | 6.65 |
| MA7: | 5,617.1143 | |
| MA20: | 5,262.1300 | |
| MA50: | 5,202.3360 | |
| MA100: | 5,585.6720 | |
| MAexp7: | 5,852.8841 | |
| MAexp20: | 5,775.2224 | |
| MAexp50: | 5,647.4520 | |
| MAexp100: | 5,488.2457 | |
| Price / MA7: | +4.43% | |
| Price / MA20: | +11.47% | |
| Price / MA50: | +12.75% | |
| Price / MA100: | +5.02% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +1.57% | |
| Price / MAexp50: | +3.87% | |
| Price / MAexp100: | +6.88% |
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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