Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

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Trend

The trend arrows show short, mid and long term signal.

  • Short term:

    Bearish

  • Medium term:

    Bearish

  • Long term:

    Bearish

Short term comment

The evolution of prices has generated a quantitative scenario bearish very pressured by the 471.059 area and increasing the risk of overbought and setbacks I would have to overcome 471.059 to propose the change to a more neutral scenario

Long term comment

Although on the 29th of january marked highs at levels at 576.977, higher levels than the previous reference highs in august 2023 at 484.441, the current downtrend has lost positions, retreating by -24.1% and falling again below both levels, with lows, at the moment, in quotas of 438.100.

Technical outlook

Bullish in the long term, although it must still break above the resistance at 21.07 to slightly improve in the short term.

Technical Comment: Outperform

Oscillators

Moving average

View technical details

Pivot points

Pivot points
Support 3 Support 2 Support 1 Resistance 1 Resistance 2 Resistance 3
439.6330 447.4330 452.2670 460.0670 463.0330 470.8330

Alerts

Alerts
Priority Date Warning
Medium priority 24/04/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 24/04/2024 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority 24/04/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority 24/04/2024 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority 23/04/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 23/04/2024 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority 23/04/2024 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority 22/04/2024 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority 22/04/2024 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority 22/04/2024 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
Medium priority 19/04/2024 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.

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