The selective has closed the week under 15,000 points in a Fall of more than 3% compared to 15,396 points in which it closed last Friday. The monthly chart shows a candle with maximum and minimum decreasing in a movement that we did not see since July 2025. In addition, we have rebounds in the levels of volatility and in the contracting activity.
«We attend a change in the feeling in the very short term in a context of extreme overcompra accumulated by the weekly MACD. An alert that we have been exposing in recent weeks and months,» says José Antonio González, director of Technical Analysis of Investment Strategies.
The impact of these cuts on the IBEX 35, for the moment, is reduced because «the increasing guideline is not even drilled that starts from April minimum, 2025 and, therefore, we continue to maintain a constructive attitude although increasing that surveillance of whether this weekly turn is something specific or if it ends up moving to a consolidation process that lasts more in time and even deeper in terms of price in terms of price.»
In the event that this second context occurs, «we would not see it as something problematic since it would allow to purge extreme overcompra readings that are latent in the last quarter and it would not be a threat to the viability of minimums and maximums increasing that part of October 2022. Therefore, therefore, therefore, therefore, therefore, therefore, therefore, therefore, We maintain a medium and long term constructive attitude Although shortly we must monitor the increasing guideline and the area of previous roofs at 14,370-14,270 points. Without forgetting, in addition, the last important minimum in weekly data, the 13,737 points. As long as we do not see how these levels are yielding in weekly closures, the correction risks remain limited in the short term. »