IBEXX5 NET - Daily - Technical analysis published on 03/03/2023 (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
72%
6%
22%
My opinion
Bullish above 355.0000 EUR
My targets
389.8333 EUR (+3.57%)
415.0667 EUR (+10.27%)
My analysis
The bullish trend is currently very strong on IBEXX5 NET. As long as the price remains above the support at 355.0000 EUR, you could try to benefit from the boom. The first bullish objective is located at 389.8333 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 415.0667 EUR as an objective. Crossing it would then enable buyers to target 1,315.5000 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEXX5 NET rating 376.4000 EUR. The price registered an increase of +7.15% on the session with the lowest point at 357.1000 EUR and the highest point at 376.4000 EUR. The deviation from the price is +5.40% for the low point and 0% for the high point.357.1000
376.4000
376.4000
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this IBEXX5 NET chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
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 3
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
White morning star
Type : Bullish
Timeframe : Daily
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 217.1330 | 324.9000 | 355.0000 | 376.4000 | 1,315.5000 | 2,195.3700 | 2,988.2000 |
| Change (%) | -42.31% | -13.68% | -5.69% | - | +249.50% | +483.25% | +693.89% |
| Change | -159.2670 | -51.5000 | -21.4000 | - | +939.1000 | +1,818.9700 | +2,611.8000 |
| Level | Intermediate | Major | Major | - | Minor | Minor | Intermediate |
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 | 323.7000 | 329.9000 | 340.6000 | 346.8000 | 357.5000 | 363.7000 | 374.4000 |
| Camarilla | 346.6525 | 348.2017 | 349.7508 | 351.3000 | 352.8492 | 354.3983 | 355.9475 |
| Woodie | 325.9500 | 331.0250 | 342.8500 | 347.9250 | 359.7500 | 364.8250 | 376.6500 |
| Fibonacci | 329.9000 | 336.3558 | 340.3442 | 346.8000 | 353.2558 | 357.2442 | 363.7000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 262.6667 | 288.8333 | 309.2667 | 335.4333 | 355.8667 | 382.0333 | 402.4667 |
| Camarilla | 316.8850 | 321.1567 | 325.4283 | 329.7000 | 333.9717 | 338.2433 | 342.5150 |
| Woodie | 259.8000 | 287.4000 | 306.4000 | 334.0000 | 353.0000 | 380.6000 | 399.6000 |
| Fibonacci | 288.8333 | 306.6345 | 317.6321 | 335.4333 | 353.2345 | 364.2321 | 382.0333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 256.4333 | 281.6667 | 323.1333 | 348.3667 | 389.8333 | 415.0667 | 456.5333 |
| Camarilla | 346.2575 | 352.3717 | 358.4858 | 364.6000 | 370.7142 | 376.8283 | 382.9425 |
| Woodie | 264.5500 | 285.7250 | 331.2500 | 352.4250 | 397.9500 | 419.1250 | 464.6500 |
| Fibonacci | 281.6667 | 307.1461 | 322.8873 | 348.3667 | 373.8461 | 389.5873 | 415.0667 |
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): | 65.96 | |
| MACD (12,26,9): | 16.5191 | |
| Directional Movement: | 14.3373 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 362.8932 | |
| Parabolic SAR (0,02-0,02-0,2): | 324.8722 | |
| Elder Ray (13): | 18.8287 | |
| Super Trend (3,10): | 305.5585 | |
| Zig ZAG (10): | 373.6000 | |
| VORTEX (21): | 1.0070 | |
| Stochastique (14,3,5): | 72.78 | |
| TEMA (21): | 359.6075 | |
| Williams %R (14): | -3.61 | |
| Chande Momentum Oscillator (20): | 25.6000 | |
| Repulse (5,40,3): | 6.1009 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8072 | |
| Courbe Coppock: | 10.29 |
| MA7: | 350.7429 | |
| MA20: | 342.1550 | |
| MA50: | 296.1300 | |
| MA100: | 237.8730 | |
| MAexp7: | 354.4140 | |
| MAexp20: | 339.4597 | |
| MAexp50: | 302.3685 | |
| MAexp100: | 264.0384 | |
| Price / MA7: | +7.32% | |
| Price / MA20: | +10.01% | |
| Price / MA50: | +27.11% | |
| Price / MA100: | +58.24% | |
| Price / MAexp7: | +6.20% | |
| Price / MAexp20: | +10.88% | |
| Price / MAexp50: | +24.48% | |
| Price / MAexp100: | +42.56% |
Quotes :
-
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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