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:

    Bullish

  • Medium term:

    Bullish

  • Long term:

    Strong Bullish

Short term comment

From a technical perspective, the situation is neutral-bullish trading at 2600 resistance, a critical zone whose break is necessary to reduce bearish risk. Minor support at 2472 and the range base at 2341; below 2341 the technical outlook would turn notably more negative.

Long term comment

Between june 6 and july 30 there was a bullish phase that moved the prices from 2117.476 to 2998.000. This phase was corrected by a relevant bearish reaction that returned the quotation until 2202.000 on the 14th of september levels. Following this, the current rise from 2202.000 to 2650.000 has not reached the previous highs at 2998.000, an area of significant resistance.

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
2472.0000 2536.0000 2562.0000 2626.0000 2664.0000 2728.0000

Alerts

Alerts
Priority Date Warning
Medium priority 16/10/25 Since the price is close to the moving average, it could strengthen to the upside, although quotes below it would signal a bearish reversal.
Medium priority 16/10/25 Since the price is close to the moving average, it could strengthen to the upside, although quotes below it would signal a bearish reversal.
Medium priority 16/10/25 Some weakness shown by the fast stochastic may keep a lid on any meaningful positive move.
High priority 16/10/25 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority 15/10/25 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
High priority 15/10/25 Price in support area. Its loss would be a negative signal, but note the possibility of noise around the level.
Medium priority 15/10/25 Some weakness shown by the fast stochastic may keep a lid on any meaningful positive move.
Medium priority 14/10/25 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
Medium priority 14/10/25 Since the price is close to the moving average, it could strengthen to the upside, although quotes below it would signal a bearish reversal.
Medium priority 14/10/25 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
Medium priority 13/10/25 Being near (below) the short-term moving average, the price 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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