IBEX 35 (IBEX) Up 1.56%; in an Uptrend Over Past 14 Days

The Hourly View for IBEX

Last Updated May 6, 2021, 02:019 GMT

Currently, IBEX 35 Index’s price is up 8.01 (0.09%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

IBEX 35 Daily Price Recap

The choppiness in the recent daily price action of IBEX 35 continues; to start today, it came in at a price of 8967.8 US dollars, up 1.56% (137.4) since the previous day. Out of the 14 instruments in the equity indices asset class, IBEX 35 ended up ranking 4th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of IBEX 35.


IBEX 35 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days IBEX 35’s price has gone up 7 them.