IBEXX5 NET - 1H - Technical analysis published on 05/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 314.8667 EUR
My targets
301.3333 EUR (-2.07%)
297.4710 EUR (-3.32%)
My analysis
The basic trend is bearish on IBEXX5 NET and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 314.8667 EUR. Buyers would then use the next resistance located at 316.7000 EUR as an objective. Crossing it would then enable buyers to target 323.8570 EUR. If there is a return to below the support located at 301.3333 EUR, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 297.4710 EUR and 291.8000 EUR by extension.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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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 307.7000 EUR. On the day, this instrument gained +4.31% and was traded between 283.9000 EUR and 307.7000 EUR over the period. The price is currently at +8.38% from its lowest and 0% from its highest.283.9000
307.7000
307.7000
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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
A technical analysis in 1H of this IBEXX5 NET chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 286.4000 | 291.8000 | 297.4710 | 307.7000 | 316.7000 | 323.8570 | 338.5000 |
| Change (%) | -6.92% | -5.17% | -3.32% | - | +2.92% | +5.25% | +10.01% |
| Change | -21.3000 | -15.9000 | -10.2290 | - | +9.0000 | +16.1570 | +30.8000 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 279.1333 | 287.0667 | 291.0333 | 298.9667 | 302.9333 | 310.8667 | 314.8333 |
| Camarilla | 291.7275 | 292.8183 | 293.9092 | 295.0000 | 296.0908 | 297.1817 | 298.2725 |
| Woodie | 277.1500 | 286.0750 | 289.0500 | 297.9750 | 300.9500 | 309.8750 | 312.8500 |
| Fibonacci | 287.0667 | 291.6125 | 294.4209 | 298.9667 | 303.5125 | 306.3209 | 310.8667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 270.5333 | 284.0667 | 301.3333 | 314.8667 | 332.1333 | 345.6667 | 362.9333 |
| Camarilla | 310.1300 | 312.9533 | 315.7767 | 318.6000 | 321.4233 | 324.2467 | 327.0700 |
| Woodie | 272.4000 | 285.0000 | 303.2000 | 315.8000 | 334.0000 | 346.6000 | 364.8000 |
| Fibonacci | 284.0667 | 295.8323 | 303.1011 | 314.8667 | 326.6323 | 333.9011 | 345.6667 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.52 | |
| MACD (12,26,9): | -3.6356 | |
| Directional Movement: | -6.6125 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 293.7114 | |
| Parabolic SAR (0,02-0,02-0,2): | 285.0614 | |
| Elder Ray (13): | 4.1024 | |
| Super Trend (3,10): | 287.5530 | |
| Zig ZAG (10): | 303.3000 | |
| VORTEX (21): | 1.0190 | |
| Stochastique (14,3,5): | 71.32 | |
| TEMA (21): | 294.2395 | |
| Williams %R (14): | -11.01 | |
| Chande Momentum Oscillator (20): | 1.6000 | |
| Repulse (5,40,3): | 2.9770 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2508 | |
| Courbe Coppock: | 3.92 |
| MA7: | 311.7000 | |
| MA20: | 307.8650 | |
| MA50: | 305.4500 | |
| MA100: | 311.0440 | |
| MAexp7: | 297.9146 | |
| MAexp20: | 299.2308 | |
| MAexp50: | 305.8918 | |
| MAexp100: | 309.8440 | |
| Price / MA7: | -1.28% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | +0.74% | |
| Price / MA100: | -1.08% | |
| Price / MAexp7: | +3.28% | |
| Price / MAexp20: | +2.83% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | -0.69% |
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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