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:

    Strong Bearish

  • Long term:

    Bullish

Short term comment

The technical analysis of the price leans bearish under heavy pressure near 1325.25, increasing the risk of overbought and pullbacks. It would have to reclaim 1325.25 to shift to a more neutral scenario.

Long term comment

The previous bullish trend meant a revaluation of 35.4%, ending in august 2025, giving way to a bearish phase that completely corrected the previous rise. After that, it started on in october 2025 another increase, in which it is currently, which has surpassed, yes, the previous highs in 1353.324, without 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
1224.5830 1279.6330 1299.8170 1354.8670 1389.7330 1444.7830

Alerts

Alerts
Priority Date Warning
Medium priority 06/03/26 According to the RSI7, there is a clear oversold condition, which can translate into a positive turn at least in the short term.
Medium priority 06/03/26 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
High priority 06/03/26 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority 05/03/26 According to the RSI7, there is a clear oversold condition, which can translate into a positive turn at least in the short term.
High priority 05/03/26 The price is close to support. It is recommended to monitor whether buyers regain control as the level is reached.
Medium priority 05/03/26 Bullish fast stochastic signal. The previous close indicates the possibility of renewed bullish momentum after a recent negative phase.
High priority 05/03/26 The price is close to a resistance level, so it is recommended to monitor behavior when reaching it.
Medium priority 04/03/26 The RSI7 indicates short-term oversold conditions, which may reflect renewed upward short-term momentum.
Medium priority 04/03/26 Being near (below) the short-term moving average, the price may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
High priority 04/03/26 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority 03/03/26 Being near (below) the short-term moving average, the price may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.

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