IBEX INVX5 - 1H - Technical analysis published on 04/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 291.7200 EUR
My targets
288.5333 EUR (-0.13%)
265.4667 EUR (-8.11%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 291.7200 EUR remains possible. It is advisable to trade IBEX INVX5 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 291.7200 EUR. The next bearish objective for sellers is set at 288.5333 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 265.4667 EUR. In case of crossing, the next objective would be the support located at 141.9500 EUR. PS: if there is a bullish break in the resistance located at 291.7200 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
1.3
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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 IBEX INVX5 price is 288.9000 EUR. The price registered an increase of +3.96% on the session and was between 268.7000 EUR and 291.2000 EUR. This implies that the price is at +7.52% from its lowest and at -0.79% from its highest.268.7000
291.2000
288.9000
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IBEX INVX5 in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being 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, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 141.9500 | 288.9000 | 291.7200 | 328.4360 | 405.2000 |
| Change (%) | -50.87% | - | +0.98% | +13.69% | +40.26% |
| Change | -146.9500 | - | +2.8200 | +39.5360 | +116.3000 |
| Level | Intermediate | - | Minor | Intermediate | 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 | 258.1000 | 267.1000 | 272.5000 | 281.5000 | 286.9000 | 295.9000 | 301.3000 |
| Camarilla | 273.9400 | 275.2600 | 276.5800 | 277.9000 | 279.2200 | 280.5400 | 281.8600 |
| Woodie | 256.3000 | 266.2000 | 270.7000 | 280.6000 | 285.1000 | 295.0000 | 299.5000 |
| Fibonacci | 267.1000 | 272.6008 | 275.9992 | 281.5000 | 287.0008 | 290.3992 | 295.9000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 229.9667 | 253.0333 | 265.4667 | 288.5333 | 300.9667 | 324.0333 | 336.4667 |
| Camarilla | 268.1375 | 271.3917 | 274.6458 | 277.9000 | 281.1542 | 284.4083 | 287.6625 |
| Woodie | 224.6500 | 250.3750 | 260.1500 | 285.8750 | 295.6500 | 321.3750 | 331.1500 |
| Fibonacci | 253.0333 | 266.5943 | 274.9723 | 288.5333 | 302.0943 | 310.4723 | 324.0333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.9667 | 165.6333 | 233.3667 | 348.0333 | 415.7667 | 530.4333 | 598.1667 |
| Camarilla | 250.9400 | 267.6600 | 284.3800 | 301.1000 | 317.8200 | 334.5400 | 351.2600 |
| Woodie | 27.5000 | 153.9000 | 209.9000 | 336.3000 | 392.3000 | 518.7000 | 574.7000 |
| Fibonacci | 165.6333 | 235.3101 | 278.3565 | 348.0333 | 417.7101 | 460.7565 | 530.4333 |
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): | 52.26 | |
| MACD (12,26,9): | -2.1076 | |
| Directional Movement: | -9.1841 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 283.1951 | |
| Parabolic SAR (0,02-0,02-0,2): | 273.8093 | |
| Elder Ray (13): | 4.0164 | |
| Super Trend (3,10): | 278.0330 | |
| Zig ZAG (10): | 289.8000 | |
| VORTEX (21): | 0.9755 | |
| Stochastique (14,3,5): | 95.26 | |
| TEMA (21): | 286.1660 | |
| Williams %R (14): | -5.78 | |
| Chande Momentum Oscillator (20): | 10.8000 | |
| Repulse (5,40,3): | 1.0669 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2051 | |
| Courbe Coppock: | 0.07 |
| MA7: | 296.8429 | |
| MA20: | 341.6050 | |
| MA50: | 331.0380 | |
| MA100: | 432.3340 | |
| MAexp7: | 287.3572 | |
| MAexp20: | 287.0683 | |
| MAexp50: | 296.4056 | |
| MAexp100: | 310.7919 | |
| Price / MA7: | -2.68% | |
| Price / MA20: | -15.43% | |
| Price / MA50: | -12.73% | |
| Price / MA100: | -33.18% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | -2.53% | |
| Price / MAexp100: | -7.04% |
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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