IBEX35 CAP INDEX - Daily - Technical analysis published on 05/23/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 9,396.2200 EUR
My targets
9,998.9000 EUR (+2.13%)
10,609.9000 EUR (+8.37%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IBEX35 CAP INDEX as long as the price remains well above 9,396.2200 EUR. The buyers' bullish objective is set at 9,998.9000 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10,609.9000 EUR. If there is any crossing, the next objective would be the resistance located at 11,728.6000 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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Additional analysis
Quotes
The IBEX35 CAP INDEX rating is 9,790.2002 EUR. The price has increased by +0.00% since the last closing with the lowest point at 9,790.2002 EUR and the highest point at 9,790.2002 EUR. The deviation from the price is 0% for the low point and 0% for the high point.9,790.2002
9,790.2002
9,790.2002
Here is a more detailed summary of the historical variations registered by IBEX35 CAP INDEX:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this IBEX35 CAP INDEX chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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 these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Doji
Type : Neutral
Timeframe : Daily
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,787.4000 | 9,396.2200 | 9,766.8000 | 9,790.2002 | 9,998.9000 | 10,609.9000 | 11,728.6000 |
| Change (%) | -10.24% | -4.02% | -0.24% | - | +2.13% | +8.37% | +19.80% |
| Change | -1,002.8002 | -393.9802 | -23.4002 | - | +208.6998 | +819.6998 | +1,938.3998 |
| Level | Major | Major | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,681.6006 | 9,703.4004 | 9,747.0000 | 9,768.7998 | 9,812.3994 | 9,834.1992 | 9,877.7988 |
| Camarilla | 9,772.6148 | 9,778.6097 | 9,784.6047 | 9,790.5996 | 9,796.5946 | 9,802.5895 | 9,808.5844 |
| Woodie | 9,692.5005 | 9,708.8504 | 9,757.8999 | 9,774.2498 | 9,823.2993 | 9,839.6492 | 9,888.6987 |
| Fibonacci | 9,703.4004 | 9,728.3830 | 9,743.8172 | 9,768.7998 | 9,793.7824 | 9,809.2166 | 9,834.1992 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,528.2341 | 9,576.9671 | 9,655.6335 | 9,704.3665 | 9,783.0329 | 9,831.7659 | 9,910.4323 |
| Camarilla | 9,699.2650 | 9,710.9432 | 9,722.6215 | 9,734.2998 | 9,745.9781 | 9,757.6564 | 9,769.3346 |
| Woodie | 9,543.2007 | 9,584.4505 | 9,670.6001 | 9,711.8499 | 9,797.9995 | 9,839.2493 | 9,925.3989 |
| Fibonacci | 9,576.9671 | 9,625.6337 | 9,655.7000 | 9,704.3665 | 9,753.0331 | 9,783.0994 | 9,831.7659 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,205.7344 | 9,420.5674 | 9,571.9336 | 9,786.7666 | 9,938.1328 | 10,152.9658 | 10,304.3320 |
| Camarilla | 9,622.5950 | 9,656.1633 | 9,689.7315 | 9,723.2998 | 9,756.8681 | 9,790.4363 | 9,824.0046 |
| Woodie | 9,174.0010 | 9,404.7007 | 9,540.2002 | 9,770.8999 | 9,906.3994 | 10,137.0991 | 10,272.5986 |
| Fibonacci | 9,420.5674 | 9,560.4555 | 9,646.8785 | 9,786.7666 | 9,926.6547 | 10,013.0777 | 10,152.9658 |
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): | 57.08 | |
| MACD (12,26,9): | 11.0934 | |
| Directional Movement: | 15.1863 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 9,724.0983 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,576.3911 | |
| Elder Ray (13): | 71.8700 | |
| Super Trend (3,10): | 9,634.0712 | |
| Zig ZAG (10): | 9,790.2002 | |
| VORTEX (21): | 0.8193 | |
| Stochastique (14,3,5): | 97.31 | |
| TEMA (21): | 9,721.6057 | |
| Williams %R (14): | -0.15 | |
| Chande Momentum Oscillator (20): | 165.5000 | |
| Repulse (5,40,3): | 0.5866 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0042 | |
| Courbe Coppock: | 1.00 |
| MA7: | 9,722.0571 | |
| MA20: | 9,687.9099 | |
| MA50: | 9,650.7080 | |
| MA100: | 9,590.0900 | |
| MAexp7: | 9,736.7734 | |
| MAexp20: | 9,712.7043 | |
| MAexp50: | 9,670.3605 | |
| MAexp100: | 9,508.7505 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | +1.06% | |
| Price / MA50: | +1.45% | |
| Price / MA100: | +2.09% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | +0.80% | |
| Price / MAexp50: | +1.24% | |
| Price / MAexp100: | +2.96% |
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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