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:

    Strong Bearish

  • Medium term:

    Bearish

  • Long term:

    Strong Bearish

Short term comment

The price environment is presented as neutral-bearish quoting in a range of low movement with near roof in 1158.94 and base in the 1103.13 area. Overcoming any of the two levels that delimit this range would warn of the meaning of the subsequent trend.

Long term comment

Although on the 17th of august marked highs at levels at 1245.260, higher levels than the previous reference highs on the 1th of may at 1155.345, the current downtrend has lost positions, retreating by -9.1% and falling again below both levels, with lows, at the moment, in quotas of 1132.500.

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
1113.1670 1125.6670 1131.3330 1143.8330 1150.6670 1163.1670

Alerts

Alerts
Priority Date Warning
Medium priority 26/09/2024 The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.
Medium priority 26/09/2024 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 26/09/2024 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 26/09/2024 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.
High priority 26/09/2024 The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority 26/09/2024 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
High priority 26/09/2024 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority 25/09/2024 The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.
Medium priority 25/09/2024 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 25/09/2024 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 25/09/2024 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.

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