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:

    Strong Bearish

Short term comment

The price curve displays a trend bearish very pressured by the 603.958 area and increasing the risk of overbought and setbacks I would have to overcome 603.958 to propose the change to a more neutral scenario

Long term comment

Although on the 2th of october marked highs at levels at 706.093, higher levels than the previous reference highs on the 21th of march at 593.045, the current downtrend has lost positions, retreating by -14.5% and falling again below both levels, with lows, at the moment, in quotas of 603.800.

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
580.8000 594.6000 599.2000 613.0000 622.2000 636.0000

Alerts

Alerts
Priority Date Warning
Medium priority 31/10/2024 The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.
Medium priority 31/10/2024 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 31/10/2024 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority 31/10/2024 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority 31/10/2024 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
High priority 31/10/2024 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority 30/10/2024 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 30/10/2024 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 30/10/2024 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 30/10/2024 The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority 30/10/2024 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.

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