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:

    Strong Bearish

  • Medium term:

    Bearish

  • Long term:

    Bullish

Short term comment

The evolution of prices has generated a quantitative scenario neutral-bearish quoting in a range of low movement with near roof in 254.101 and base in the 241.526 area. Overcoming any of the two levels that delimit this range would warn of the meaning of the subsequent trend.

Long term comment

Between july and december 2024 a bearish phase took place and moved the price from 285.704 to 208.801. This phase was corrected by a significative upward reaction that returned the price to 267.360 levels on the 18th of march. After this, the current fall from 267.360 to 226.349 has not reached the previous lows in 208.801, 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
246.3470 249.6990 251.5490 254.9010 256.4030 259.7550

Alerts

Alerts
Priority Date Warning
Medium priority 21/04/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 21/04/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 21/04/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority 21/04/2025 The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
High priority 21/04/2025 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority 18/04/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 18/04/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 18/04/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority 18/04/2025 The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
High priority 18/04/2025 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority 16/04/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.

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