IBEX, after registering a new annual maximum at 9,149 points, the price slows down the recovery process that, however, fails to (1) normalize excess or overbought readings and (2) damage its growing structure in the medium term, therefore we remain unchanged as long as the price does not violate the 8,717 point zone, a level that is an approximation to the growing medium-term guideline and its 40-period simple moving average.
Ibex 35 on daily chart with average amplitude range in percentage, Stochastic oscillator and trading volume
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You can consult the technical analysis of all the stocks that make up the Ibex 35 in this magazine.