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:

    Bearish

  • Medium term:

    Strong Bearish

  • Long term:

    Strong Bearish

Short term comment

The movement is considered of type bearish very pressured by the 1172.174 area and increasing the risk of overbought and setbacks I would have to overcome 1172.174 to propose the change to a more neutral scenario

Long term comment

Between august 2023 and february 2024 a bearish phase took place and moved the price from 1004.458 to 729.439. This phase was corrected by a significative upward reaction that returned the price to 1290.243 levels on the 27th of august. After this, the current fall from 1290.243 to 1084.000 has not reached the previous lows in 729.439, 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
1039.3330 1071.3330 1090.6670 1122.6670 1135.3330 1167.3330

Alerts

Alerts
Priority Date Warning
Medium priority 31/10/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
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 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 Fast stochastic gives moderate strength signals that may lead to possible short-term rebounds.
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 lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority 30/10/2024 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
Medium priority 29/10/2024 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 29/10/2024 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 29/10/2024 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 29/10/2024 Fast stochastic gives moderate strength signals that may lead to possible short-term rebounds.

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