Technical analysis

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

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

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

  • Short term:

    Bearish

  • Medium term:

    Strong Bearish

  • Long term:

    Strong Bearish

Short term comment

The technical scenario is bearish under heavy pressure near 2695.784, increasing the risk of overbought and pullbacks. It would have to reclaim 2695.784 to shift to a more neutral scenario.

Long term comment

Between september and october 2025 a bearish phase took place and moved the price from 2944.542 to 2162.736. This phase was corrected by a significative upward reaction that returned the price to 2890.000 levels on the 18th of february. After this, the current fall from 2890.000 to 2434.000 has not reached the previous lows in 2162.736, 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
2284.6670 2374.6670 2405.3330 2495.3330 2554.6670 2644.6670

Alerts

Alerts
Priority Date Warning
Medium priority 06/03/26 According to the RSI7, there is a clear oversold condition, which can translate into a positive turn at least in the short term.
Medium priority 06/03/26 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
Medium priority 05/03/26 The RSI7 indicates short-term oversold conditions, which may reflect renewed upward short-term momentum.
Medium priority 05/03/26 Bullish fast stochastic signal. The previous close indicates the possibility of renewed bullish momentum after a recent negative phase.
Medium priority 04/03/26 The RSI7 indicates short-term oversold conditions, which may reflect renewed upward short-term momentum.
Medium priority 03/03/26 Being near (below) the short-term moving average, the price may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority 03/03/26 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.
Medium priority 03/03/26 Being near (below) the short-term moving average, the price may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
High priority 03/03/26 Price in support area. Its loss would be a negative signal, but note the possibility of noise around the level.
Medium priority 02/03/26 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.
Medium priority 02/03/26 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.

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