Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

The trend arrows show short, mid and long term signal.

  • Short term:

    Strong Bullish

  • Medium term:

    Neutral

  • Long term:

    Strong Bullish

Short term comment

A technical perspective defines the price structure as bullish but very close to the support and critical area that today generates the upward guideline in 1196.231 levels. The 1196.231 - 1145.822 range represents an area of ??greater neutrality, so the loss of 1196.231 would prevent a bullish rating.

Long term comment

After the previous rise, with a 35.4% revaluation, there was an important downward correction phase of -25.1%, initiated on the 31th of july at 1353.324, and ended at the low of 1013.144 (27-september-2025). The current gains have exceeded the previous peaks at 1353.324, currently reaching 1364.000 (1-december-2025) with no sign of 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
1310.8330 1325.3330 1332.6670 1347.1670 1354.3330 1368.8330

Alerts

Alerts
Priority Date Warning
Medium priority 04/12/25 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 04/12/25 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 04/12/25 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 04/12/25 The price is close to a resistance level, so it is recommended to monitor behavior when reaching it.
Medium priority 02/12/25 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 02/12/25 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 02/12/25 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 28/11/25 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority 28/11/25 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of some fresh selling after a more positive recent phase.
Medium priority 26/11/25 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 26/11/25 Some weakness shown by the fast stochastic may keep a lid on any meaningful positive move.

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