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:

    Bullish

  • Medium term:

    Strong Bearish

  • Long term:

    Strong Bearish

Short term comment

The technical structure can be described as neutral-bullish trading within a low-volatility range with a nearby ceiling at 1219.138 and a base in the 1141.844 area. A break of either boundary of this range would indicate the direction of the subsequent trend.

Long term comment

After the previous decline, with a -18.1% decline, there was a significant upward rebound phase of 19.3%, which began on the 4th of march at 1153.179, and ended at the highs of 1375.865 (8-april-2026), the fall current has surpassed the previous minimums, in 1153.179, reaching at the moment 1049.882 (30-may-2026) without sign of stability.

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
1068.9110 1106.9290 1129.7610 1167.7790 1182.9650 1220.9830

Alerts

Alerts
Priority Date Warning
Medium priority 25/06/26 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
Medium priority 25/06/26 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
Medium priority 25/06/26 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
High priority 25/06/26 Price in support area. Its loss would be a negative signal, but note the possibility of noise around the level.
Medium priority 24/06/26 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 24/06/26 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 24/06/26 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.
High priority 24/06/26 The price is close to a resistance level, so it is recommended to monitor behavior when reaching it.
Medium priority 23/06/26 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 23/06/26 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 23/06/26 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.

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