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 Bullish

  • Medium term:

    Strong Bullish

  • Long term:

    Strong Bullish

Short term comment

The evolution of prices has generated a quantitative scenario bullish but very close to the support and critical area that today generates the upward guideline in 200.604 levels. The 200.604 - 195.385 range represents an area of ??greater neutrality, so the loss of 200.604 would prevent a bullish rating.

Long term comment

After a 51.5% revaluation of the previous rise, and a downward phase of -17% started on the 8th of march at 218.507, and finished at the lows of 181.400 (1-may-2024), the current rise has exceeded the previous highs , at 218.507, reaching at the moment 228.000 (16-may-2024) with no sign of weakness.

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
212.2200 218.6400 222.1200 228.5400 231.4800 237.9000

Alerts

Alerts
Priority Date Warning
Medium priority 20/05/2024 Strong overbought according to the RSI7 indicator, precaution against the possibility of short-term cuts.
Medium priority 20/05/2024 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority 20/05/2024 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of suffering from downside momentum after a more positive recent phase.
Medium priority 17/05/2024 Strong overbought according to the RSI7 indicator, precaution against the possibility of short-term cuts.
Medium priority 17/05/2024 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority 17/05/2024 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of some fresh selling after a more positive recent phase.
Medium priority 16/05/2024 Strong overbought according to the RSI7 indicator, precaution against the possibility of short-term cuts.
Medium priority 16/05/2024 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority 16/05/2024 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of some fresh selling after a more positive recent phase.
Medium priority 15/05/2024 Strong overbought according to the RSI7 indicator, precaution against the possibility of short-term cuts.
Medium priority 15/05/2024 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.

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