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 price curve shows a bearish under heavy pressure near 649.715, increasing the risk of overbought and pullbacks. It would have to reclaim 649.715 to shift to a more neutral scenario.

Long term comment

The price has a strong volatility in the structure of long-term prices. In this sense, it deployed a bearish trend from 722.400 to 550.000, (29-august-2025/1-november-2025) which was corrected not only in its entirety but also marked new highs at 746.400 (17-february-2026) . After that, the new bearish phase advanced -37.8%, losing the previous low at 550.000.

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
414.9000 445.6000 457.8000 488.5000 507.0000 537.7000

Alerts

Alerts
Priority Date Warning
Medium priority 06/03/26 According to the RSI7, there is a clear oversold condition, which can translate into a positive turn at least in the short term.
Medium priority 06/03/26 The RSI7 indicates short-term oversold conditions, which may reflect renewed upward short-term momentum.
Medium priority 06/03/26 The RSI7 indicates short-term oversold conditions, which may reflect renewed upward short-term momentum.
Medium priority 06/03/26 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
Medium priority 05/03/26 According to the RSI7, there is a clear oversold condition, which can translate into a positive turn at least in the short term.
Medium priority 05/03/26 The RSI7 indicates short-term oversold conditions, which may reflect renewed upward short-term momentum.
Medium priority 05/03/26 The RSI7 indicates short-term oversold conditions, which may reflect renewed upward short-term momentum.
Medium priority 05/03/26 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
Medium priority 04/03/26 The RSI7 indicates short-term oversold conditions, which may reflect renewed upward short-term momentum.
Medium priority 04/03/26 Bullish fast stochastic signal. The previous close indicates the possibility of renewed bullish momentum after a recent negative phase.
High priority 04/03/26 The price is close to a resistance level, so it is recommended to monitor behavior when reaching it.

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