IBEXX5 NET - 1H - Technical analysis published on 07/26/2023 (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
72%
6%
22%
My opinion
Bullish above 371.9850 EUR
My targets
386.1500 EUR (+2.37%)
400.8333 EUR (+6.27%)
My analysis
IBEXX5 NET is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 371.9850 EUR. The next resistance located at 386.1500 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 400.8333 EUR. After this resistance, buyers could then target 1,830.6000 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IBEXX5 NET rating is 377.2000 EUR. The price has increased by +2.72% since the last closing and was between 361.3000 EUR and 377.4000 EUR. This implies that the price is at +4.40% from its lowest and at -0.05% from its highest.361.3000
377.4000
377.2000
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
Technical analysis of IBEXX5 NET in 1H shows a strongly overall 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 346.5600 | 361.6800 | 371.9850 | 377.2000 | 386.1500 | 1,830.6000 | 2,490.4000 |
| Change (%) | -8.12% | -4.11% | -1.38% | - | +2.37% | +385.31% | +560.23% |
| Change | -30.6400 | -15.5200 | -5.2150 | - | +8.9500 | +1,453.4000 | +2,113.2000 |
| Level | Major | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 354.0667 | 358.5333 | 362.8667 | 367.3333 | 371.6667 | 376.1333 | 380.4667 |
| Camarilla | 364.7800 | 365.5867 | 366.3933 | 367.2000 | 368.0067 | 368.8133 | 369.6200 |
| Woodie | 354.0000 | 358.5000 | 362.8000 | 367.3000 | 371.6000 | 376.1000 | 380.4000 |
| Fibonacci | 358.5333 | 361.8949 | 363.9717 | 367.3333 | 370.6949 | 372.7717 | 376.1333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 321.2667 | 332.6333 | 355.3667 | 366.7333 | 389.4667 | 400.8333 | 423.5667 |
| Camarilla | 368.7225 | 371.8483 | 374.9742 | 378.1000 | 381.2258 | 384.3517 | 387.4775 |
| Woodie | 326.9500 | 335.4750 | 361.0500 | 369.5750 | 395.1500 | 403.6750 | 429.2500 |
| Fibonacci | 332.6333 | 345.6595 | 353.7071 | 366.7333 | 379.7595 | 387.8071 | 400.8333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 222.7667 | 257.2333 | 316.7667 | 351.2333 | 410.7667 | 445.2333 | 504.7667 |
| Camarilla | 350.4500 | 359.0667 | 367.6833 | 376.3000 | 384.9167 | 393.5333 | 402.1500 |
| Woodie | 235.3000 | 263.5000 | 329.3000 | 357.5000 | 423.3000 | 451.5000 | 517.3000 |
| Fibonacci | 257.2333 | 293.1413 | 315.3253 | 351.2333 | 387.1413 | 409.3253 | 445.2333 |
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): | 60.72 | |
| MACD (12,26,9): | 1.4516 | |
| Directional Movement: | 1.8487 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 369.8030 | |
| Parabolic SAR (0,02-0,02-0,2): | 350.3922 | |
| Elder Ray (13): | 4.3592 | |
| Super Trend (3,10): | 357.7912 | |
| Zig ZAG (10): | 375.2000 | |
| VORTEX (21): | 1.0793 | |
| Stochastique (14,3,5): | 75.24 | |
| TEMA (21): | 370.2027 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 9.4000 | |
| Repulse (5,40,3): | 2.6389 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0264 | |
| Courbe Coppock: | 1.91 |
| MA7: | 367.6429 | |
| MA20: | 357.8650 | |
| MA50: | 337.8220 | |
| MA100: | 324.1150 | |
| MAexp7: | 370.4183 | |
| MAexp20: | 368.1158 | |
| MAexp50: | 365.2003 | |
| MAexp100: | 360.3984 | |
| Price / MA7: | +2.60% | |
| Price / MA20: | +5.40% | |
| Price / MA50: | +11.66% | |
| Price / MA100: | +16.38% | |
| Price / MAexp7: | +1.83% | |
| Price / MAexp20: | +2.47% | |
| Price / MAexp50: | +3.29% | |
| Price / MAexp100: | +4.66% |
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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