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:

    Strong Bearish

  • Long term:

    Neutral

Short term comment

The technical scenario is bullish but very close to the support and critical area that today generates the upward guideline in 2090.053 levels. The 2090.053 - 2079.315 range represents an area of ??greater neutrality, so the loss of 2090.053 would prevent a bullish rating.

Long term comment

Between march 5 and august 8 there was a bullish phase that moved the prices from 1615.824 to 2740.460. This phase was corrected by a relevant bearish reaction that returned the quotation until 1865.290 on the 2th of december levels. Following this, the current rise from 1865.290 to 2200.000 has not reached the previous highs at 2740.460, an area of significant resistance.

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
2040.0000 2075.0000 2090.0000 2125.0000 2145.0000 2180.0000

Alerts

Alerts
Priority Date Warning
Medium priority 30/12/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 30/12/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 30/12/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority 30/12/2024 Price in support area Its loss would be a negative signal, but note the possibility of noise around the level.
Medium priority 27/12/2024 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 27/12/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 27/12/2024 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.
High priority 27/12/2024 Price in support area Its loss would be a negative signal, but note the possibility of noise around the level.
Medium priority 26/12/2024 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 26/12/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 26/12/2024 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.

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