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:

    Bullish

  • Medium term:

    Strong Bullish

  • Long term:

    Strong Bullish

Short term comment

The technical structure can be described as neutral-bullish trading within a low-volatility range with a nearby ceiling at 2905.729 and a base in the 2874.887 area. A break of either boundary of this range would indicate the direction of the subsequent trend.

Long term comment

The downward correction between july 7 and september 17 pushes back the price from levels at 3296.788, to levels at 2551.840, as a reaction to the previous rise from 1444.174 to 3296.788, 128.3%. In any case, the current bullish phase, from the latest lows, starts at 2551.840 and reaches 2998.428, with no sign of medium-term weakness.

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
2708.1500 2812.8020 2852.5990 2957.2510 3022.1060 3126.7580

Alerts

Alerts
Priority Date Warning
Medium priority 29/09/26 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 29/09/26 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 29/09/26 Since the price is close to the moving average, it could strengthen to the upside, although quotes below it would signal a bearish reversal.
High priority 29/09/26 Price in support area. Its loss would be a negative signal, but note the possibility of noise around the level.
Medium priority 29/09/26 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of suffering from downside momentum after a more positive recent phase.
High priority 29/09/26 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority 28/09/26 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 28/09/26 Since the price is close to the moving average, it could strengthen to the upside, although quotes below it would signal a bearish reversal.
Medium priority 28/09/26 Since the price is close to the moving average, it could strengthen to the upside, although quotes below it would signal a bearish reversal.
High priority 28/09/26 Price in support area. Its loss would be a negative signal, but note the possibility of noise around the level.
Medium priority 28/09/26 Some weakness shown by the fast stochastic may keep a lid on any meaningful positive move.

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