IBEXX3 NET - Daily - Technical analysis published on 12/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
61%
28%
My opinion
Bullish above 4,773.6333 EUR
My targets
5,330.3000 EUR (+3.59%)
5,603.4600 EUR (+8.90%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4,773.6333 EUR remains possible. It is advisable to trade IBEXX3 NET with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4,773.6333 EUR. The next bullish objective for buyers is set at 5,330.3000 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,603.4600 EUR. If there is any crossing, the next objective would be the resistance located at 5,884.0000 EUR. PS: if there is a bearish break in the support located at 4,773.6333 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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Additional analysis
Quotes
The IBEXX3 NET rating is 5,145.5000 EUR. The price has increased by +2.39% since the last closing and was between 5,023.5000 EUR and 5,155.2998 EUR. This implies that the price is at +2.43% from its lowest and at -0.19% from its highest.5,023.5000
5,155.2998
5,145.5000
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
Here is a more detailed summary of the historical variations registered by IBEXX3 NET:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of IBEXX3 NET indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Technical indicators are bearish. There is still some doubt about the decline in the price.
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
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,603.2000 | 4,246.0000 | 4,544.6700 | 5,145.5000 | 5,330.3000 | 5,603.4600 | 5,884.0000 |
| Change (%) | -29.97% | -17.48% | -11.68% | - | +3.59% | +8.90% | +14.35% |
| Change | -1,542.3000 | -899.5000 | -600.8300 | - | +184.8000 | +457.9600 | +738.5000 |
| Level | Minor | Intermediate | Major | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,718.7334 | 4,840.8667 | 4,933.1333 | 5,055.2666 | 5,147.5332 | 5,269.6665 | 5,361.9331 |
| Camarilla | 4,966.4399 | 4,986.0933 | 5,005.7466 | 5,025.3999 | 5,045.0532 | 5,064.7066 | 5,084.3599 |
| Woodie | 4,703.8001 | 4,833.4000 | 4,918.2000 | 5,047.7999 | 5,132.5999 | 5,262.1998 | 5,346.9998 |
| Fibonacci | 4,840.8667 | 4,922.7675 | 4,973.3658 | 5,055.2666 | 5,137.1674 | 5,187.7657 | 5,269.6665 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,135.7998 | 4,549.3999 | 4,787.3999 | 5,201.0000 | 5,439.0000 | 5,852.6001 | 6,090.6001 |
| Camarilla | 4,846.2099 | 4,905.9399 | 4,965.6699 | 5,025.3999 | 5,085.1299 | 5,144.8599 | 5,204.5899 |
| Woodie | 4,047.9998 | 4,505.4999 | 4,699.5999 | 5,157.1000 | 5,351.2000 | 5,808.7001 | 6,002.8001 |
| Fibonacci | 4,549.3999 | 4,798.3111 | 4,952.0888 | 5,201.0000 | 5,449.9112 | 5,603.6889 | 5,852.6001 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,621.7334 | 4,047.3667 | 4,773.6333 | 5,199.2666 | 5,925.5332 | 6,351.1665 | 7,077.4331 |
| Camarilla | 5,183.1274 | 5,288.7183 | 5,394.3091 | 5,499.8999 | 5,605.4907 | 5,711.0816 | 5,816.6724 |
| Woodie | 3,772.0501 | 4,122.5250 | 4,923.9500 | 5,274.4249 | 6,075.8499 | 6,426.3248 | 7,227.7498 |
| Fibonacci | 4,047.3667 | 4,487.3925 | 4,759.2408 | 5,199.2666 | 5,639.2924 | 5,911.1407 | 6,351.1665 |
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): | 47.11 | |
| MACD (12,26,9): | 61.8155 | |
| Directional Movement: | -5.5623 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 5,397.6614 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,562.4016 | |
| Elder Ray (13): | -207.4427 | |
| Super Trend (3,10): | 5,661.3620 | |
| Zig ZAG (10): | 5,143.8999 | |
| VORTEX (21): | 0.9585 | |
| Stochastique (14,3,5): | 14.76 | |
| TEMA (21): | 5,297.4543 | |
| Williams %R (14): | -75.40 | |
| Chande Momentum Oscillator (20): | -441.4004 | |
| Repulse (5,40,3): | -0.1864 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4134 | |
| Courbe Coppock: | 6.86 |
| MA7: | 5,283.3571 | |
| MA20: | 5,399.6950 | |
| MA50: | 4,891.8940 | |
| MA100: | 4,855.7480 | |
| MAexp7: | 5,245.2161 | |
| MAexp20: | 5,268.8778 | |
| MAexp50: | 5,060.7700 | |
| MAexp100: | 5,009.7807 | |
| Price / MA7: | -2.61% | |
| Price / MA20: | -4.71% | |
| Price / MA50: | +5.18% | |
| Price / MA100: | +5.97% | |
| Price / MAexp7: | -1.90% | |
| Price / MAexp20: | -2.34% | |
| Price / MAexp50: | +1.67% | |
| Price / MAexp100: | +2.71% |
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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