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:

    Strong Bullish

  • Long term:

    Bearish

Short term comment

The evolution of prices has been generated by a movement that would technically be bullish but very close to the support and critical area that today generates the upward guideline in 4997.813 levels. The 4997.813 - 4866.161 range represents an area of ??greater neutrality, so the loss of 4997.813 would prevent a bullish rating.

Long term comment

Between july and november 2024 a bearish phase took place and moved the price from 5903.775 to 4032.201. This phase was corrected by a significative upward reaction that returned the price to 5416.626 levels on the 5th of april. After this, the current fall from 5416.626 to 4579.000 has not reached the previous lows in 4032.201, an area of important support.

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
4937.6670 4980.6670 4997.3330 5040.3330 5066.6670 5109.6670

Alerts

Alerts
Priority Date Warning
Medium priority 04/06/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 04/06/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 04/06/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority 04/06/2025 Price in support area Its loss would be a negative signal, but note the possibility of noise around the level.
Medium priority 04/06/2025 Some weakness showed at the fast stochastics may kept a lid on any meaningful positive move.
High priority 04/06/2025 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority 02/06/2025 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority 02/06/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 02/06/2025 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 02/06/2025 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
High priority 02/06/2025 Price in support area Its loss would be a negative signal, but note the possibility of noise around the level.

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