IBEXX3 NET - Daily - Technical analysis published on 03/21/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
28%
44%
28%
My opinion
Bearish under 7,241.0000 EUR
My targets
6,636.9004 EUR (-2.86%)
6,417.1000 EUR (-6.07%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for IBEXX3 NET as long as the price remains well below 7,241.0000 EUR. The next bearish objective for sellers is set at 6,636.9004 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6,417.1000 EUR. In case of crossing, the next objective would be the support located at 5,330.3000 EUR. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 6,636.9004 EUR. With this support, against the trend traders who want to buy IBEXX3 NET on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IBEXX3 NET price is 6,832.0000 EUR. On the day, this instrument gained +7.89% with the lowest point at 6,515.7002 EUR and the highest point at 6,873.8999 EUR. The deviation from the price is +4.85% for the low point and -0.61% for the high point.6,515.7002
6,873.8999
6,832.0000
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
Here is a more detailed summary of the historical variations registered by IBEXX3 NET:
Technical
Technical analysis of this Daily chart of IBEXX3 NET indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
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 gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,330.3000 | 6,417.1000 | 6,797.5000 | 6,832.0000 | 7,241.0000 | 7,876.9000 | 11,189.6000 |
| Change (%) | -21.98% | -6.07% | -0.50% | - | +5.99% | +15.29% | +63.78% |
| Change | -1,501.7000 | -414.9000 | -34.5000 | - | +409.0000 | +1,044.9000 | +4,357.6000 |
| Level | Major | Minor | Intermediate | - | Major | 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 | 5,054.0996 | 5,345.1997 | 5,838.7998 | 6,129.8999 | 6,623.5000 | 6,914.6001 | 7,408.2002 |
| Camarilla | 6,116.6074 | 6,188.5382 | 6,260.4691 | 6,332.3999 | 6,404.3308 | 6,476.2616 | 6,548.1925 |
| Woodie | 5,155.3496 | 5,395.8247 | 5,940.0498 | 6,180.5249 | 6,724.7500 | 6,965.2251 | 7,509.4502 |
| Fibonacci | 5,345.1997 | 5,644.9552 | 5,830.1444 | 6,129.8999 | 6,429.6554 | 6,614.8446 | 6,914.6001 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,074.7995 | 5,015.7996 | 5,556.1999 | 6,497.2000 | 7,037.6003 | 7,978.6004 | 8,519.0007 |
| Camarilla | 5,689.2150 | 5,825.0100 | 5,960.8051 | 6,096.6001 | 6,232.3951 | 6,368.1902 | 6,503.9852 |
| Woodie | 3,874.4995 | 4,915.6497 | 5,355.8999 | 6,397.0501 | 6,837.3003 | 7,878.4505 | 8,318.7007 |
| Fibonacci | 5,015.7996 | 5,581.6946 | 5,931.3051 | 6,497.2000 | 7,063.0950 | 7,412.7055 | 7,978.6004 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,295.6006 | 6,636.9004 | 7,201.7002 | 7,543.0000 | 8,107.7998 | 8,449.0996 | 9,013.8994 |
| Camarilla | 7,517.3226 | 7,600.3817 | 7,683.4409 | 7,766.5000 | 7,849.5591 | 7,932.6183 | 8,015.6774 |
| Woodie | 6,407.3506 | 6,692.7754 | 7,313.4502 | 7,598.8750 | 8,219.5498 | 8,504.9746 | 9,125.6494 |
| Fibonacci | 6,636.9004 | 6,983.0305 | 7,196.8700 | 7,543.0000 | 7,889.1301 | 8,102.9696 | 8,449.0996 |
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): | 47.04 | |
| MACD (12,26,9): | -197.8147 | |
| Directional Movement: | -13.4643 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 6,874.4794 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,302.1936 | |
| Elder Ray (13): | -211.8498 | |
| Super Trend (3,10): | 7,597.0744 | |
| Zig ZAG (10): | 6,846.2002 | |
| VORTEX (21): | 0.8593 | |
| Stochastique (14,3,5): | 27.83 | |
| TEMA (21): | 6,509.7458 | |
| Williams %R (14): | -51.55 | |
| Chande Momentum Oscillator (20): | -1,111.1001 | |
| Repulse (5,40,3): | 3.4868 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0711 | |
| Courbe Coppock: | 25.32 |
| MA7: | 6,532.9715 | |
| MA20: | 7,258.0250 | |
| MA50: | 7,135.7420 | |
| MA100: | 6,227.8080 | |
| MAexp7: | 6,673.6487 | |
| MAexp20: | 7,043.1637 | |
| MAexp50: | 6,920.0405 | |
| MAexp100: | 6,435.9808 | |
| Price / MA7: | +4.58% | |
| Price / MA20: | -5.87% | |
| Price / MA50: | -4.26% | |
| Price / MA100: | +9.70% | |
| Price / MAexp7: | +2.37% | |
| Price / MAexp20: | -3.00% | |
| Price / MAexp50: | -1.27% | |
| Price / MAexp100: | +6.15% |
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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