IBEXX3 NET - Daily - Technical analysis published on 04/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 7,501.4000 EUR
My targets
7,876.9000 EUR (+1.11%)
8,307.7669 EUR (+6.65%)
My analysis
The bullish trend is currently very strong on IBEXX3 NET. As long as the price remains above the support at 7,501.4000 EUR, you could try to benefit from the boom. The first bullish objective is located at 7,876.9000 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8,307.7669 EUR as an objective. Crossing it would then enable buyers to target 10,200.8000 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.6
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Additional analysis
Quotes
IBEXX3 NET rating 7,790.1001 EUR. On the day, this instrument gained +1.87% and was traded between 7,653.3999 EUR and 7,809.6001 EUR over the period. The price is currently at +1.79% from its lowest and -0.25% from its highest.7,653.3999
7,809.6001
7,790.1001
Here is a more detailed summary of the historical variations registered by IBEXX3 NET:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of IBEXX3 NET indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 5,330.3000 | 6,797.5000 | 7,501.4000 | 7,790.1001 | 7,876.9000 | 10,200.8000 | 11,211.6000 |
| Change (%) | -31.58% | -12.74% | -3.71% | - | +1.11% | +30.95% | +43.92% |
| Change | -2,459.8001 | -992.6001 | -288.7001 | - | +86.7999 | +2,410.6999 | +3,421.4999 |
| Level | Major | Major | Intermediate | - | Major | Minor | 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 | 7,462.6660 | 7,533.7329 | 7,590.5664 | 7,661.6333 | 7,718.4668 | 7,789.5337 | 7,846.3672 |
| Camarilla | 7,612.2273 | 7,623.9515 | 7,635.6757 | 7,647.3999 | 7,659.1241 | 7,670.8483 | 7,682.5725 |
| Woodie | 7,455.5493 | 7,530.1746 | 7,583.4497 | 7,658.0750 | 7,711.3501 | 7,785.9754 | 7,839.2505 |
| Fibonacci | 7,533.7329 | 7,582.5909 | 7,612.7754 | 7,661.6333 | 7,710.4913 | 7,740.6758 | 7,789.5337 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,017.8667 | 7,153.2334 | 7,383.4668 | 7,518.8335 | 7,749.0669 | 7,884.4336 | 8,114.6670 |
| Camarilla | 7,513.1602 | 7,546.6735 | 7,580.1869 | 7,613.7002 | 7,647.2135 | 7,680.7269 | 7,714.2402 |
| Woodie | 7,065.3001 | 7,176.9501 | 7,430.9002 | 7,542.5502 | 7,796.5003 | 7,908.1503 | 8,162.1004 |
| Fibonacci | 7,153.2334 | 7,292.8926 | 7,379.1743 | 7,518.8335 | 7,658.4927 | 7,744.7744 | 7,884.4336 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,404.9661 | 4,520.6330 | 5,856.3665 | 6,972.0334 | 8,307.7669 | 9,423.4338 | 10,759.1673 |
| Camarilla | 6,517.9650 | 6,742.6767 | 6,967.3884 | 7,192.1001 | 7,416.8118 | 7,641.5235 | 7,866.2352 |
| Woodie | 3,514.9995 | 4,575.6497 | 5,966.3999 | 7,027.0501 | 8,417.8003 | 9,478.4505 | 10,869.2007 |
| Fibonacci | 4,520.6330 | 5,457.0679 | 6,035.5984 | 6,972.0334 | 7,908.4683 | 8,486.9988 | 9,423.4338 |
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): | 62.65 | |
| MACD (12,26,9): | 171.8726 | |
| Directional Movement: | 8.5398 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 7,436.0220 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,196.0183 | |
| Elder Ray (13): | 363.8517 | |
| Super Trend (3,10): | 6,934.3321 | |
| Zig ZAG (10): | 7,791.2998 | |
| VORTEX (21): | 1.1285 | |
| Stochastique (14,3,5): | 96.90 | |
| TEMA (21): | 7,592.4402 | |
| Williams %R (14): | -1.29 | |
| Chande Momentum Oscillator (20): | 966.3999 | |
| Repulse (5,40,3): | 2.0227 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0938 | |
| Courbe Coppock: | 29.59 |
| MA7: | 7,537.4286 | |
| MA20: | 7,056.2300 | |
| MA50: | 7,242.0260 | |
| MA100: | 6,603.7820 | |
| MAexp7: | 7,534.5576 | |
| MAexp20: | 7,267.6243 | |
| MAexp50: | 7,060.6361 | |
| MAexp100: | 6,652.7198 | |
| Price / MA7: | +3.35% | |
| Price / MA20: | +10.40% | |
| Price / MA50: | +7.57% | |
| Price / MA100: | +17.96% | |
| Price / MAexp7: | +3.39% | |
| Price / MAexp20: | +7.19% | |
| Price / MAexp50: | +10.33% | |
| Price / MAexp100: | +17.10% |
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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