IBEXX5 NET - Daily - Technical analysis published on 09/02/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 193.4333 EUR
My targets
161.6000 EUR (-1.94%)
137.0667 EUR (-16.83%)
My analysis
IBEXX5 NET is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 193.4333 EUR. The next support located at 161.6000 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 137.0667 EUR. Below this support, sellers could then target 121.3250 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.3
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 IBEXX5 NET rating is 164.8000 EUR. The price has increased by +4.37% since the last closing and was between 157.0000 EUR and 164.8000 EUR. This implies that the price is at +4.97% from its lowest and at 0% from its highest.157.0000
164.8000
164.8000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of IBEXX5 NET indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 121.3250 | 161.6000 | 164.8000 | 245.8600 | 308.4670 | 359.1670 |
| Change (%) | -26.38% | -1.94% | - | +49.19% | +87.18% | +117.94% |
| Change | -43.4750 | -3.2000 | - | +81.0600 | +143.6670 | +194.3670 |
| Level | Major | Intermediate | - | Intermediate | Intermediate | Major |
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 | 150.2333 | 153.5667 | 155.7333 | 159.0667 | 161.2333 | 164.5667 | 166.7333 |
| Camarilla | 156.3875 | 156.8917 | 157.3958 | 157.9000 | 158.4042 | 158.9083 | 159.4125 |
| Woodie | 149.6500 | 153.2750 | 155.1500 | 158.7750 | 160.6500 | 164.2750 | 166.1500 |
| Fibonacci | 153.5667 | 155.6677 | 156.9657 | 159.0667 | 161.1677 | 162.4657 | 164.5667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.5333 | 163.2667 | 174.8333 | 195.5667 | 207.1333 | 227.8667 | 239.4333 |
| Camarilla | 177.5175 | 180.4783 | 183.4392 | 186.4000 | 189.3608 | 192.3217 | 195.2825 |
| Woodie | 137.9500 | 160.9750 | 170.2500 | 193.2750 | 202.5500 | 225.5750 | 234.8500 |
| Fibonacci | 163.2667 | 175.6053 | 183.2281 | 195.5667 | 207.9053 | 215.5281 | 227.8667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.4667 | 107.8333 | 137.0667 | 193.4333 | 222.6667 | 279.0333 | 308.2667 |
| Camarilla | 142.7600 | 150.6067 | 158.4533 | 166.3000 | 174.1467 | 181.9933 | 189.8400 |
| Woodie | 37.9000 | 101.0500 | 123.5000 | 186.6500 | 209.1000 | 272.2500 | 294.7000 |
| Fibonacci | 107.8333 | 140.5325 | 160.7341 | 193.4333 | 226.1325 | 246.3341 | 279.0333 |
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): | 32.10 | |
| MACD (12,26,9): | -10.6615 | |
| Directional Movement: | -14.9812 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 183.1907 | |
| Parabolic SAR (0,02-0,02-0,2): | 202.2853 | |
| Elder Ray (13): | -26.5630 | |
| Super Trend (3,10): | 199.3163 | |
| Zig ZAG (10): | 164.3000 | |
| VORTEX (21): | 0.8099 | |
| Stochastique (14,3,5): | 3.69 | |
| TEMA (21): | 173.6275 | |
| Williams %R (14): | -92.25 | |
| Chande Momentum Oscillator (20): | -70.5000 | |
| Repulse (5,40,3): | -5.6058 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1470 | |
| Courbe Coppock: | 43.59 |
| MA7: | 175.9286 | |
| MA20: | 206.8500 | |
| MA50: | 197.3980 | |
| MA100: | 226.0720 | |
| MAexp7: | 175.7446 | |
| MAexp20: | 193.6071 | |
| MAexp50: | 204.5727 | |
| MAexp100: | 222.7734 | |
| Price / MA7: | -6.33% | |
| Price / MA20: | -20.33% | |
| Price / MA50: | -16.51% | |
| Price / MA100: | -27.10% | |
| Price / MAexp7: | -6.23% | |
| Price / MAexp20: | -14.88% | |
| Price / MAexp50: | -19.44% | |
| Price / MAexp100: | -26.02% |
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.
About author
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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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