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:

    Strong Bearish

Short term comment

Phase, in the price curve, of type bearish very pressured by the 1904.161 area and increasing the risk of overbought and setbacks I would have to overcome 1904.161 to propose the change to a more neutral scenario

Long term comment

The upward correction between may 9 and october 21 pushed the price from levels at 1453.393 to levels at 2131.117, as a reaction to the previous fall from 3133.365 to 1453.393, -53.6%. In any case, the current bearish phase, from the latest highs, starts at 2131.117 and reaches 1638.000, with no sign of medium-term stability.

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
1528.0000 1610.0000 1664.0000 1746.0000 1774.0000 1856.0000

Alerts

Alerts
Priority Date Warning
Medium priority 25/11/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 25/11/2024 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 25/11/2024 Fast stochastic gives moderate strength signals that may lead to possible short-term rebounds.
Medium priority 22/11/2024 According to the RSI7 there is a clear oversold price, which can translate into a positive turn at least in the short term.
Medium priority 22/11/2024 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 22/11/2024 The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.
Medium priority 22/11/2024 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
Medium priority 21/11/2024 The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.
Medium priority 21/11/2024 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 21/11/2024 Fast stochastic gives moderate strength signals that may lead to possible short-term rebounds.
Medium priority 20/11/2024 The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.

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