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:

    Strong Bullish

  • Medium term:

    Bullish

  • Long term:

    Bullish

Short term comment

The current price phase warns of a scenario bullish but very close to the support and critical area that today generates the upward guideline in 1756.48 levels. The 1756.48 - 1753 range represents an area of ??greater neutrality, so the loss of 1756.48 would prevent a bullish rating.

Long term comment

The fall in prices from 3276.603, to 1469.681 drilled the previous lows, in may 2023, at 2487.647, looking for lower levels up to 1469.681 (21-april-2024). The current uptrend, however, is limited, since it does not show a solid overrun of the aforementioned benchmark of 2487.647, levels.

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
1791.3330 1841.3330 1874.6670 1924.6670 1941.3330 1991.3330

Alerts

Alerts
Priority Date Warning
Medium priority 20/09/2024 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority 20/09/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 19/09/2024 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority 19/09/2024 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
Medium priority 19/09/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 18/09/2024 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority 18/09/2024 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
Medium priority 18/09/2024 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 17/09/2024 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
Medium priority 17/09/2024 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 16/09/2024 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.

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