By Ion Jáuregui – Senior Analyst, ActivTrades
Today the Ibex 35 kicked off with strength, surpassing 12,882 points within its first trading hour and leaving behind yesterday’s close of 12,847.40. It was a Friday session marked by the ongoing tension between the U.S. executive branch and the Federal Reserve, which dragged Wall Street lower and spread caution among European investors. Despite this adverse backdrop, the Spanish benchmark held up relatively well, underscoring why so many regard it as one of the strongest markets on the global stage. Meanwhile, the Euro Stoxx 50® dipped 0.40% to 4,915.74 after brushing the upward trendline drawn from the 2020 and 2022 lows around 4,545 points.
During the week of April 14–18, the Ibex 35 moved forcefully higher. It opened at 12,609.80 and, after two days of gains exceeding 2%, closed the week at 12,918.00—posting a roughly 2.5% advance. That momentum persisted even as the second half of the week cooled off, highlighting the index’s capacity to rebound amid neutral or slightly negative news.
Technical Analysis
The index continues to press higher today. Its RSI sits in neutral territory at 59%, having shed overbought readings from Friday’s session and retraced just above the 12,701 support level. The trading range borne of U.S. tariff headlines seems to be in the rearview mirror, and the Ibex now appears intent on consolidating around current prices before challenging its highs again. On the one-hour chart, the Point of Control lies at 13,275—right in the middle of the prior 13,025–13,495 range. Meanwhile, moving average crossovers are flashing bullish signals: the 200 period average is about to cross above the 100 period, and the 50 period remains firmly sloped upward. With scarcely any new macroeconomic catalysts on the immediate horizon, last week’s momentum may well carry the index back toward its previous trading zone.
With few fresh data points ahead, it’s likely that inertia from last week will extend gains toward earlier price levels. At ActivTrades, we advise waiting for a clean consolidation in the 12,000–12,180 area before adding new positions—using that opportunity to place protective stops below 11,589 on the Ibex and 4,545 on the Euro Stoxx. This approach limits risk while providing clear visibility, in a market environment that favors highly liquid, dividend paying stocks typically leading the recovery phases.
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.
Today the Ibex 35 kicked off with strength, surpassing 12,882 points within its first trading hour and leaving behind yesterday’s close of 12,847.40. It was a Friday session marked by the ongoing tension between the U.S. executive branch and the Federal Reserve, which dragged Wall Street lower and spread caution among European investors. Despite this adverse backdrop, the Spanish benchmark held up relatively well, underscoring why so many regard it as one of the strongest markets on the global stage. Meanwhile, the Euro Stoxx 50® dipped 0.40% to 4,915.74 after brushing the upward trendline drawn from the 2020 and 2022 lows around 4,545 points.
During the week of April 14–18, the Ibex 35 moved forcefully higher. It opened at 12,609.80 and, after two days of gains exceeding 2%, closed the week at 12,918.00—posting a roughly 2.5% advance. That momentum persisted even as the second half of the week cooled off, highlighting the index’s capacity to rebound amid neutral or slightly negative news.
Technical Analysis
The index continues to press higher today. Its RSI sits in neutral territory at 59%, having shed overbought readings from Friday’s session and retraced just above the 12,701 support level. The trading range borne of U.S. tariff headlines seems to be in the rearview mirror, and the Ibex now appears intent on consolidating around current prices before challenging its highs again. On the one-hour chart, the Point of Control lies at 13,275—right in the middle of the prior 13,025–13,495 range. Meanwhile, moving average crossovers are flashing bullish signals: the 200 period average is about to cross above the 100 period, and the 50 period remains firmly sloped upward. With scarcely any new macroeconomic catalysts on the immediate horizon, last week’s momentum may well carry the index back toward its previous trading zone.
With few fresh data points ahead, it’s likely that inertia from last week will extend gains toward earlier price levels. At ActivTrades, we advise waiting for a clean consolidation in the 12,000–12,180 area before adding new positions—using that opportunity to place protective stops below 11,589 on the Ibex and 4,545 on the Euro Stoxx. This approach limits risk while providing clear visibility, in a market environment that favors highly liquid, dividend paying stocks typically leading the recovery phases.
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.