IBEX 35 (IBEX) Up 0.14%, in an Uptrend Over Past 14 Days; Doji Pattern Appearing on Chart

The Hourly View for IBEX

Last Updated January 15, 2021, 03:019 GMT

Currently, IBEX 35 Index’s price is up 9.01 (0.11%) from the hour prior. IBEX 35 Index has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

IBEX 35 Daily Price Recap

IBEX 35 closed the previous day up 0.14% (11.3); this denotes the 2nd straight day it has gone up. Relative to other instruments in the equity indices asset class, IBEX 35 ranked 10th since the previous day in terms of percentage price change. Below is a daily price chart of IBEX 35.

IBEX

IBEX 35 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 17 out of the past 30 days. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!