IBEXX5 NET - 1H - Technical analysis published on 04/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 341.3670 EUR
My targets
355.0000 EUR (+1.87%)
375.0333 EUR (+7.61%)
My analysis
The bullish trend is currently very strong on IBEXX5 NET. As long as the price remains above the support at 341.3670 EUR, you could try to benefit from the boom. The first bullish objective is located at 355.0000 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 375.0333 EUR as an objective. Crossing it would then enable buyers to target 386.0000 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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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBEXX5 NET rating 348.5000 EUR. On the day, this instrument gained +2.32% and was traded between 341.0000 EUR and 352.6000 EUR over the period. The price is currently at +2.20% from its lowest and -1.16% from its highest.341.0000
352.6000
348.5000
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of IBEXX5 NET in 1H shows a strongly overall bullish trend. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 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 : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 316.6330 | 330.4000 | 341.3670 | 348.5000 | 355.0000 | 386.0000 | 1,315.5000 |
| Change (%) | -9.14% | -5.19% | -2.05% | - | +1.87% | +10.76% | +277.47% |
| Change | -31.8670 | -18.1000 | -7.1330 | - | +6.5000 | +37.5000 | +967.0000 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 327.0333 | 332.2667 | 336.4333 | 341.6667 | 345.8333 | 351.0667 | 355.2333 |
| Camarilla | 338.0150 | 338.8767 | 339.7383 | 340.6000 | 341.4617 | 342.3233 | 343.1850 |
| Woodie | 326.5000 | 332.0000 | 335.9000 | 341.4000 | 345.3000 | 350.8000 | 354.7000 |
| Fibonacci | 332.2667 | 335.8575 | 338.0759 | 341.6667 | 345.2575 | 347.4759 | 351.0667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 294.6333 | 304.6667 | 321.4333 | 331.4667 | 348.2333 | 358.2667 | 375.0333 |
| Camarilla | 330.8300 | 333.2867 | 335.7433 | 338.2000 | 340.6567 | 343.1133 | 345.5700 |
| Woodie | 298.0000 | 306.3500 | 324.8000 | 333.1500 | 351.6000 | 359.9500 | 378.4000 |
| Fibonacci | 304.6667 | 314.9043 | 321.2291 | 331.4667 | 341.7043 | 348.0291 | 358.2667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.9000 | 118.8000 | 213.6000 | 301.5000 | 396.3000 | 484.2000 | 579.0000 |
| Camarilla | 258.1575 | 274.9050 | 291.6525 | 308.4000 | 325.1475 | 341.8950 | 358.6425 |
| Woodie | 34.3500 | 120.5250 | 217.0500 | 303.2250 | 399.7500 | 485.9250 | 582.4500 |
| Fibonacci | 118.8000 | 188.5914 | 231.7086 | 301.5000 | 371.2914 | 414.4086 | 484.2000 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.93 | |
| MACD (12,26,9): | 4.9458 | |
| Directional Movement: | 27.8140 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 349.4477 | |
| Parabolic SAR (0,02-0,02-0,2): | 341.2494 | |
| Elder Ray (13): | 4.9898 | |
| Super Trend (3,10): | 339.1931 | |
| Zig ZAG (10): | 351.3000 | |
| VORTEX (21): | 1.1913 | |
| Stochastique (14,3,5): | 93.35 | |
| TEMA (21): | 350.6742 | |
| Williams %R (14): | -6.62 | |
| Chande Momentum Oscillator (20): | 10.8000 | |
| Repulse (5,40,3): | 1.3017 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1925 | |
| Courbe Coppock: | 4.79 |
| MA7: | 332.7571 | |
| MA20: | 299.5850 | |
| MA50: | 320.1620 | |
| MA100: | 279.9690 | |
| MAexp7: | 348.1873 | |
| MAexp20: | 343.0779 | |
| MAexp50: | 334.3319 | |
| MAexp100: | 323.2924 | |
| Price / MA7: | +4.73% | |
| Price / MA20: | +16.33% | |
| Price / MA50: | +8.85% | |
| Price / MA100: | +24.48% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +1.58% | |
| Price / MAexp50: | +4.24% | |
| Price / MAexp100: | +7.80% |
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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