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 technical bias of the price action is bearish under heavy pressure near 1252.132, increasing the risk of overbought and pullbacks. It would have to reclaim 1252.132 to shift to a more neutral scenario.

Long term comment

Although in november 2025 marked highs at levels at 1429.651, higher levels than the previous reference highs in june 2025 at 1155.586, the current downtrend has lost positions, retreating by -18.1% and falling again below both levels, with lows, at the moment, in quotas of 1170.599.

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
1148.1900 1175.2810 1190.0740 1217.1650 1229.4630 1256.5540

Alerts

Alerts
Priority Date Warning
Medium priority 25/03/26 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 25/03/26 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 25/03/26 Fast stochastic gives moderate strength signals that may lead to possible short-term rebounds.
Medium priority 24/03/26 The RSI7 indicates short-term oversold conditions, which may reflect renewed upward short-term momentum.
Medium priority 24/03/26 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 24/03/26 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 24/03/26 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
Medium priority 23/03/26 The RSI7 indicates short-term oversold conditions, which may reflect renewed upward short-term momentum.
Medium priority 23/03/26 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 23/03/26 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 23/03/26 The price is close to support. It is recommended to monitor whether buyers regain control as the level is reached.

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