IBEX35 FULL0524 - 15 min. - Technical analysis published on 06/03/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
39%
50%
My opinion
Bearish under 9,172 EUR
My targets
9,134 EUR (-0.21%)
9,106 EUR (-0.51%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IBEX35 FULL0621 as long as the price remains well below 9,172 EUR. The next bearish objective for sellers is set at 9,134 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9,106 EUR. If there is any crossing, the next objective would be the support located at 9,068 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 over sold items that could be a sign of a short-term correction.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IBEX35 FULL0621 price is 9,153 EUR. The price is lower by -0.10% since the last closing with the lowest point at 9,151 EUR and the highest point at 9,185 EUR. The deviation from the price is +0.02% for the low point and -0.35% for the high point.9,151
9,185
9,153
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
Here is a more detailed summary of the historical variations registered by IBEX35 FULL0621:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this IBEX35 FULL0621 chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 8,970 | 9,047 | 9,117 | 9,153 | 9,174 | 9,214 | 9,555 |
| Change (%) | -2.00% | -1.16% | -0.39% | - | +0.23% | +0.67% | +4.39% |
| Change | -183 | -106 | -36 | - | +21 | +61 | +402 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 | 9,068 | 9,106 | 9,134 | 9,172 | 9,200 | 9,238 | 9,266 |
| Camarilla | 9,144 | 9,150 | 9,156 | 9,162 | 9,168 | 9,174 | 9,180 |
| Woodie | 9,063 | 9,104 | 9,129 | 9,170 | 9,195 | 9,236 | 9,261 |
| Fibonacci | 9,106 | 9,131 | 9,147 | 9,172 | 9,197 | 9,213 | 9,238 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,025 | 9,072 | 9,134 | 9,181 | 9,243 | 9,290 | 9,352 |
| Camarilla | 9,167 | 9,177 | 9,187 | 9,197 | 9,207 | 9,217 | 9,227 |
| Woodie | 9,034 | 9,076 | 9,143 | 9,185 | 9,252 | 9,294 | 9,361 |
| Fibonacci | 9,072 | 9,113 | 9,139 | 9,181 | 9,222 | 9,248 | 9,290 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,366 | 8,558 | 8,842 | 9,034 | 9,318 | 9,510 | 9,794 |
| Camarilla | 8,994 | 9,038 | 9,081 | 9,125 | 9,169 | 9,212 | 9,256 |
| Woodie | 8,411 | 8,581 | 8,887 | 9,057 | 9,363 | 9,533 | 9,839 |
| Fibonacci | 8,558 | 8,740 | 8,853 | 9,034 | 9,216 | 9,329 | 9,510 |
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): | 50.00 | |
| MACD (12,26,9): | -1.0000 | |
| Directional Movement: | 6 | |
| AROON (14): | -36 | |
| DEMA (21): | 9,161 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,172 | |
| Elder Ray (13): | 1 | |
| Super Trend (3,10): | 9,178 | |
| Zig ZAG (10): | 9,161 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 29.00 | |
| TEMA (21): | 9,160 | |
| Williams %R (14): | -88.00 | |
| Chande Momentum Oscillator (20): | -17 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 9,166 | |
| MA20: | 9,108 | |
| MA50: | 8,793 | |
| MA100: | 8,471 | |
| MAexp7: | 9,160 | |
| MAexp20: | 9,162 | |
| MAexp50: | 9,166 | |
| MAexp100: | 9,171 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +4.09% | |
| Price / MA100: | +8.05% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.20% |
Quotes :
-
15 min delayed data
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Spain Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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