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 503.62 area and increasing the risk of overbought and setbacks I would have to overcome 503.62 to propose the change to a more neutral scenario

Long term comment

Between march 23 and june 13 a bearish phase took place and moved the price from 563.054 to 427.528. This phase was corrected by a significative upward reaction that returned the price to 549.361 levels on the 6th of september. After this, the current fall from 549.361 to 449.000 has not reached the previous lows in 427.528, an area of important support.

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
448.8670 459.2670 465.6330 476.0330 480.0670 490.4670

Alerts

Alerts
Priority Date Warning
Medium priority 17/10/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 17/10/2024 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 17/10/2024 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 16/10/2024 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 16/10/2024 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.
High priority 16/10/2024 The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority 16/10/2024 Fast stochastic gives moderate strength signals that may lead to possible short-term rebounds.
Medium priority 15/10/2024 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 15/10/2024 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 15/10/2024 Fast stochastic gives moderate strength signals that may lead to possible short-term rebounds.
Medium priority 14/10/2024 The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.

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