IBEXX5 NET - Daily - Technical analysis published on 05/05/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
56%
22%
My opinion
Bearish under 328.7333 EUR
My targets
282.4000 EUR (-5.65%)
255.0333 EUR (-14.79%)
My analysis
The current short-term bearish acceleration registered on IBEXX5 NET should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 328.7333 EUR. Short-term sellers will use the support located at 282.4000 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 255.0333 EUR. Crossing this support would then open the door for sellers to target 244.4000 EUR. Caution, if there is a return to below 328.7333 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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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 299.3000 EUR. The price registered an increase of +4.50% on the session and was between 287.2000 EUR and 300.4000 EUR. This implies that the price is at +4.21% from its lowest and at -0.37% from its highest.287.2000
300.4000
299.3000
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IBEXX5 NET:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this IBEXX5 NET chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
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
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 157.7000 | 244.4000 | 282.4000 | 299.3000 | 330.4000 | 361.7000 | 386.0000 |
| Change (%) | -47.31% | -18.34% | -5.65% | - | +10.39% | +20.85% | +28.97% |
| Change | -141.6000 | -54.9000 | -16.9000 | - | +31.1000 | +62.4000 | +86.7000 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 263.1000 | 268.6000 | 277.5000 | 283.0000 | 291.9000 | 297.4000 | 306.3000 |
| Camarilla | 282.4400 | 283.7600 | 285.0800 | 286.4000 | 287.7200 | 289.0400 | 290.3600 |
| Woodie | 264.8000 | 269.4500 | 279.2000 | 283.8500 | 293.6000 | 298.2500 | 308.0000 |
| Fibonacci | 268.6000 | 274.1008 | 277.4992 | 283.0000 | 288.5008 | 291.8992 | 297.4000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 254.8667 | 279.8333 | 299.5667 | 324.5333 | 344.2667 | 369.2333 | 388.9667 |
| Camarilla | 307.0075 | 311.1050 | 315.2025 | 319.3000 | 323.3975 | 327.4950 | 331.5925 |
| Woodie | 252.2500 | 278.5250 | 296.9500 | 323.2250 | 341.6500 | 367.9250 | 386.3500 |
| Fibonacci | 279.8333 | 296.9087 | 307.4579 | 324.5333 | 341.6087 | 352.1579 | 369.2333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 213.4667 | 255.0333 | 287.1667 | 328.7333 | 360.8667 | 402.4333 | 434.5667 |
| Camarilla | 299.0325 | 305.7883 | 312.5442 | 319.3000 | 326.0558 | 332.8117 | 339.5675 |
| Woodie | 208.7500 | 252.6750 | 282.4500 | 326.3750 | 356.1500 | 400.0750 | 429.8500 |
| Fibonacci | 255.0333 | 283.1867 | 300.5799 | 328.7333 | 356.8867 | 374.2799 | 402.4333 |
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): | 44.05 | |
| MACD (12,26,9): | -3.2855 | |
| Directional Movement: | -7.7780 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 313.3548 | |
| Parabolic SAR (0,02-0,02-0,2): | 332.2498 | |
| Elder Ray (13): | -18.6947 | |
| Super Trend (3,10): | 343.1810 | |
| Zig ZAG (10): | 296.4000 | |
| VORTEX (21): | 0.9207 | |
| Stochastique (14,3,5): | 14.37 | |
| TEMA (21): | 307.0162 | |
| Williams %R (14): | -77.55 | |
| Chande Momentum Oscillator (20): | -52.8000 | |
| Repulse (5,40,3): | -2.4171 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1796 | |
| Courbe Coppock: | 14.63 |
| MA7: | 306.0857 | |
| MA20: | 325.8150 | |
| MA50: | 316.2940 | |
| MA100: | 293.9870 | |
| MAexp7: | 304.2656 | |
| MAexp20: | 315.0583 | |
| MAexp50: | 310.9773 | |
| MAexp100: | 291.1743 | |
| Price / MA7: | -2.22% | |
| Price / MA20: | -8.14% | |
| Price / MA50: | -5.37% | |
| Price / MA100: | +1.81% | |
| Price / MAexp7: | -1.63% | |
| Price / MAexp20: | -5.00% | |
| Price / MAexp50: | -3.76% | |
| Price / MAexp100: | +2.79% |
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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