IBEXX5 NET - Daily - Technical analysis published on 08/25/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 220.2000 EUR
My targets
205.4000 EUR (-2.47%)
188.7000 EUR (-10.40%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 220.2000 EUR remains possible. It is advisable to trade IBEXX5 NET with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 220.2000 EUR. The next bearish objective for sellers is set at 205.4000 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 188.7000 EUR. In case of crossing, the next objective would be the support located at 161.6000 EUR. PS: if there is a bullish break in the resistance located at 220.2000 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.8
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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 IBEXX5 NET price is 210.6000 EUR. The price registered an increase of +3.69% on the session and was traded between 206.9000 EUR and 210.6000 EUR over the period. The price is currently at +1.79% from its lowest and 0% from its highest.206.9000
210.6000
210.6000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this IBEXX5 NET chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. 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 on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
White morning star
Type : Bullish
Timeframe : Daily
Upside gap
Type : Bullish
Timeframe : Daily
Bearish doji star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 121.3250 | 161.6000 | 205.4000 | 210.6000 | 245.8600 | 308.4670 | 359.1670 |
| Change (%) | -42.39% | -23.27% | -2.47% | - | +16.74% | +46.47% | +70.54% |
| Change | -89.2750 | -49.0000 | -5.2000 | - | +35.2600 | +97.8670 | +148.5670 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 191.0000 | 194.7000 | 198.9000 | 202.6000 | 206.8000 | 210.5000 | 214.7000 |
| Camarilla | 200.9275 | 201.6517 | 202.3758 | 203.1000 | 203.8242 | 204.5483 | 205.2725 |
| Woodie | 191.2500 | 194.8250 | 199.1500 | 202.7250 | 207.0500 | 210.6250 | 214.9500 |
| Fibonacci | 194.7000 | 197.7178 | 199.5822 | 202.6000 | 205.6178 | 207.4822 | 210.5000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 179.0667 | 198.9333 | 210.0667 | 229.9333 | 241.0667 | 260.9333 | 272.0667 |
| Camarilla | 212.6750 | 215.5167 | 218.3583 | 221.2000 | 224.0417 | 226.8833 | 229.7250 |
| Woodie | 174.7000 | 196.7500 | 205.7000 | 227.7500 | 236.7000 | 258.7500 | 267.7000 |
| Fibonacci | 198.9333 | 210.7753 | 218.0913 | 229.9333 | 241.7753 | 249.0913 | 260.9333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.4000 | 136.3000 | 167.8000 | 188.7000 | 220.2000 | 241.1000 | 272.6000 |
| Camarilla | 184.8900 | 189.6933 | 194.4967 | 199.3000 | 204.1033 | 208.9067 | 213.7100 |
| Woodie | 120.7000 | 138.9500 | 173.1000 | 191.3500 | 225.5000 | 243.7500 | 277.9000 |
| Fibonacci | 136.3000 | 156.3168 | 168.6832 | 188.7000 | 208.7168 | 221.0832 | 241.1000 |
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): | 47.84 | |
| MACD (12,26,9): | 3.3376 | |
| Directional Movement: | -3.2732 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 218.6719 | |
| Parabolic SAR (0,02-0,02-0,2): | 241.0795 | |
| Elder Ray (13): | -7.6081 | |
| Super Trend (3,10): | 239.8211 | |
| Zig ZAG (10): | 208.6000 | |
| VORTEX (21): | 0.9915 | |
| Stochastique (14,3,5): | 19.09 | |
| TEMA (21): | 222.4634 | |
| Williams %R (14): | -79.38 | |
| Chande Momentum Oscillator (20): | -9.4000 | |
| Repulse (5,40,3): | -0.4612 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.4723 | |
| Courbe Coppock: | 15.79 |
| MA7: | 217.4143 | |
| MA20: | 214.6950 | |
| MA50: | 201.3020 | |
| MA100: | 231.7010 | |
| MAexp7: | 214.0483 | |
| MAexp20: | 213.6050 | |
| MAexp50: | 213.9623 | |
| MAexp100: | 229.4753 | |
| Price / MA7: | -3.13% | |
| Price / MA20: | -1.91% | |
| Price / MA50: | +4.62% | |
| Price / MA100: | -9.11% | |
| Price / MAexp7: | -1.61% | |
| Price / MAexp20: | -1.41% | |
| Price / MAexp50: | -1.57% | |
| Price / MAexp100: | -8.23% |
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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