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:

    Bullish

Short term comment

The evolution of prices has been generated by a movement that would technically be bearish very pressured by the 1866.087 area and increasing the risk of overbought and setbacks I would have to overcome 1866.087 to propose the change to a more neutral scenario

Long term comment

Although on the 7th of may lows at 1453.393 were reached, lower levels than the previous reference lows on the 18th of march at 1805.433, the current bullish trend has been able to rebound, thus advancing by 46.6% and above, again, both levels, with highs, at the moment, in quotas of 2131.117.

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
1794.0000 1832.0000 1846.0000 1884.0000 1908.0000 1946.0000

Alerts

Alerts
Priority Date Warning
Medium priority 12/11/2024 The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.
Medium priority 12/11/2024 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 12/11/2024 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 12/11/2024 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
High priority 12/11/2024 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority 11/11/2024 The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.
Medium priority 11/11/2024 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.
High priority 11/11/2024 The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority 11/11/2024 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
High priority 11/11/2024 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority 08/11/2024 The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.

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