IBEX 35 4 Hour Price Update
Updated September 17, 2020 07:16 PM GMT (03:16 PM EST)
IBEX 35 came into the current 4 hour candle up 0.38% (27.05) from the open of the previous 4 hours, marking the 2nd straight candle an increase has occurred. Out of the 14 instruments in the equity indices asset class, IBEX 35 ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
IBEX 35 Daily Price Recap
IBEX 35 closed the day prior up 1.06% (74.8); this denotes the 3rd consecutive day it has gone up. IBEX 35 outperformed all 14 assets in the equity indices asset class since the day prior. Congrats to its holders! The daily price chart of IBEX 35 below illustrates.
IBEX 35 Technical Analysis
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that IBEX 35’s price has gone down 15 of the previous 30 trading days.