IBEX 35 4 Hour Price Update
Updated September 16, 2020 11:15 PM GMT (07:15 PM EST)
The end of a 3 four-hour candle positive run has come for IBEX 35, which finished the previous 4 hours down 0.12% (8.27). Relative to other instruments in the equity indices asset class, IBEX 35 ranked 6th since the previous 4 hours in terms of percentage price change.
IBEX 35 Daily Price Recap
IBEX 35 came into today up 1.22% (84.9) from the open of yesterday, marking the 2nd straight day it has gone up. Out of the 14 instruments in the equity indices asset class, IBEX 35 ended up ranking 3rd for the day in terms of price change relative to yesterday. Here is a daily price chart of IBEX 35.
IBEX 35 Technical Analysis
Moving average crossovers are always interesting, so let’s start there: IBEX 35 crossed above its 20 day moving average yesterday. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days IBEX 35’s price has gone down 15 them.