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 Bearish

  • Medium term:

    Strong Bullish

  • Long term:

    Bearish

Short term comment

The evolution of prices has generated a scenario that would technically be neutral-bearish trading within a low-volatility range with a nearby ceiling at 3910.235 and a base in the 3812.613 area. A break of either boundary of this range would indicate the direction of the subsequent trend.

Long term comment

In the long term, it is only worth noting that the price is maintaining a bearish trend, since it started in the swing from the lows (31-march-2026). It has fallen by -14.9%, from 4204.503 to 3577.507. The lows of the quote were registered 3 sessions ago, without any signs of stability or a change in trend in the quote.

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
3587.8800 3716.7420 3802.6500 3931.5120 3974.4660 4103.3280

Alerts

Alerts
Priority Date Warning
Medium priority 06/04/26 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
Medium priority 06/04/26 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
Medium priority 06/04/26 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
High priority 06/04/26 The price is close to support. It is recommended to monitor whether buyers regain control as the level is reached.
Medium priority 06/04/26 Some weakness shown by the fast stochastic may keep a lid on any meaningful positive move.
High priority 06/04/26 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority 03/04/26 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
Medium priority 03/04/26 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
Medium priority 03/04/26 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
High priority 03/04/26 The price is close to support. It is recommended to monitor whether buyers regain control as the level is reached.
Medium priority 03/04/26 Some weakness shown by the fast stochastic may keep a lid on any meaningful positive move.

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