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BME
Index
fx
IBEXS
SPANISHCATS
IBEX Small Cap
SELL
Close
7884
Prev.Close
7930
Change
-46.0000
Change%
-0.58%
BEARISH DESCENDING HAWK
Sold at
7897.69
Open
7942
High
7943
Low
7869
Close
7884
Gain%
-0.18%
Signal History
6 mo.
6 mo.
24 mo.
24 mo.
Date
Price
Signal
Change%
€100⇨
07/12
7898
SELL
-0.2%
108
28/11
7852
BUY
+0.6%
107
21/11
7742
SELL
+1.4%
107
31/10
7411
BUY
+4.5%
103
19/10
7651
SHORT
-3.1%
100
06/10
7508
BUY
+1.9%
99
06/09
7959
SELL
-5.7%
99
28/08
7930
BUY
+0.4%
99
21/08
7927
SHORT
0.0%
99
10/08
8073
BUY
-1.8%
101
28/07
8112
SELL
-0.5%
101
26/07
8148
BUY
-0.4%
102
24/07
8167
SELL
-0.2%
102
22/06
7989
BUY
+2.2%
100
† Trade commissions are taken as 0.15%.
Date
Price
Signal
Change%
€100⇨
07/12
7898
SELL
-0.2%
165
28/11
7852
BUY
+0.6%
164
21/11
7742
SELL
+1.4%
164
31/10
7411
BUY
+4.5%
157
19/10
7651
SHORT
-3.1%
153
06/10
7508
BUY
+1.9%
151
06/09
7959
SELL
-5.7%
151
28/08
7930
BUY
+0.4%
151
21/08
7927
SHORT
0.0%
151
10/08
8073
BUY
-1.8%
154
28/07
8112
SELL
-0.5%
155
26/07
8148
BUY
-0.4%
156
24/07
8167
SELL
-0.2%
156
22/06
7989
BUY
+2.2%
153
20/06
7900
SELL
+1.1%
153
02/06
7584
BUY
+4.2%
147
25/05
7681
SHORT
-1.3%
146
17/05
7724
BUY
-0.6%
147
11/05
7727
SHORT
0.0%
147
08/05
7754
BUY
-0.3%
148
25/04
7884
SHORT
-1.6%
146
18/04
8001
BUY
-1.5%
149
12/04
7972
SHORT
+0.4%
150
30/03
7939
BUY
+0.4%
150
08/03
8532
SELL
-6.9%
150
27/02
8554
BUY
-0.3%
150
22/02
8538
SELL
+0.2%
151
03/02
8489
BUY
+0.6%
150
31/01
8445
SELL
+0.5%
150
02/01
7293
BUY
+15.8%
130
27/12
7267
SHORT
+0.4%
131
21/12
7192
BUY
+1.0%
130
07/12
7488
SELL
-3.9%
130
22/11
7349
BUY
+1.9%
128
16/11
7327
SELL
+0.3%
128
26/10
6672
BUY
+9.8%
117
21/10
6649
SHORT
+0.4%
118
17/10
6600
BUY
+0.7%
117
06/10
6746
SHORT
-2.2%
115
30/09
6752
BUY
-0.1%
115
14/09
7435
SHORT
-9.2%
106
12/09
7510
BUY
-1.0%
107
18/08
7752
SELL
-3.1%
108
12/08
7777
BUY
-0.3%
108
28/07
7742
SHORT
+0.5%
109
08/07
7899
BUY
-2.0%
111
30/06
7982
SHORT
-1.0%
111
28/06
8223
BUY
-2.9%
114
21/06
8305
SHORT
-1.0%
113
15/06
8415
BUY
-1.3%
115
09/06
8969
SELL
-6.2%
116
17/05
8339
BUY
+7.6%
108
25/04
8447
SELL
-1.3%
108
12/04
8481
BUY
-0.4%
108
06/04
8484
SELL
0.0%
108
21/03
8330
BUY
+1.9%
107
15/03
8165
SELL
+2.0%
107
11/03
8234
BUY
-0.8%
108
18/02
8263
SELL
-0.3%
108
09/02
8170
BUY
+1.1%
107
04/02
8130
SHORT
+0.5%
108
26/01
8056
BUY
+0.9%
107
18/01
8463
SELL
-4.8%
107
17/12
7937
BUY
+6.6%
101
10/12
7960
SHORT
-0.3%
101
07/12
7859
BUY
+1.3%
100
† Trade commissions are taken as 0.15%.
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to
SELL
. The
BEARISH DESCENDING HAWK
pattern finally received a confirmation because the values crossed below the confirmation level which was at 7917, and our valid average selling value stands now at 7898. The previous
BUY
signal was issued on 28/11/2023, 9 days ago, when the index value was 7852. Since then
IBEXS
has risen by
+0.58%
.
We may be at a market top or at the start of a correction. The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <
SELL
signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.
This pattern is a small white body contained by a prior relatively long white body. It resembles the Harami pattern, except that both bodies are white.
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