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:

    Bearish

  • Long term:

    Bearish

Short term comment

The phase within the price curve is bearish under heavy pressure near 1022.5, increasing the risk of overbought and pullbacks. It would have to reclaim 1022.5 to shift to a more neutral scenario.

Long term comment

Although on the 24th of january marked highs at levels at 1126.000, higher levels than the previous reference highs in september 2025 at 1013.868, the current downtrend has lost positions, retreating by -16% and falling again below both levels, with lows, at the moment, in quotas of 946.000.

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
960.0000 975.0000 985.0000 1000.0000 1005.0000 1020.0000

Alerts

Alerts
Priority Date Warning
Medium priority 20/02/26 Being near (below) the short-term moving average, the price may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority 20/02/26 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.
Medium priority 20/02/26 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 20/02/26 The price is close to a resistance level, so it is recommended to monitor behavior when reaching it.
Medium priority 19/02/26 Being near (below) the short-term moving average, the price may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority 19/02/26 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.
Medium priority 19/02/26 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 19/02/26 Price in support area. Its loss would be a negative signal, but note the possibility of noise around the level.
High priority 19/02/26 The price is close to a resistance level, so it is recommended to monitor behavior when reaching it.
Medium priority 16/02/26 The RSI7 indicates short-term oversold conditions, which may reflect renewed upward short-term momentum.
Medium priority 16/02/26 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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