IBEX 35 Daily Analysis — 2026-08-10
Session: Closing
- Close
- 20.173,00
- Change
- -0,02%
- 1W Change
- 0,95%
- 20D Change
- 4,33%
- EMA20
- 19.762,55
- EMA50
- 19.319,38
- EMA200
- 17.877,74
- RSI (14)
- 66,3
- ATR (14)
- 244,40
- Volatility (20D)
- 13,74%
- Distance from 20D High
- -0,76%
- Advancers
- —
- Decliners
- —
- Volume
- 107.858.866
- VIX
- 15,46
- US10Y
- 4,70%
- DXY
- 99,82
The index closed slightly lower, showing a modest pullback after a strong recent advance. Overall momentum remains positive, with the market holding above key moving averages.
Market Drivers
The move is driven by a mix of profit-taking and cautious sentiment, as global risk appetite shows signs of cooling. Sector rotation and external factors are contributing to the mild decline.
Trend Interpretation
The index is trading above its short-term and long-term moving averages, indicating a solid uptrend. Momentum is still positive but showing early signs of slowing, as the RSI approaches overbought territory.
Risk Factors
Key risks include a potential rise in volatility, a pullback in global bond markets, and a stronger US dollar, which could pressure export-oriented sectors. Also, the index is near recent highs, increasing the chance of a consolidation.
Bullish
In a bullish scenario, the index could continue its upward trajectory, supported by strong earnings and improving economic data. A breakout above recent highs would confirm the continuation of the uptrend.
Neutral
In a neutral scenario, the index may trade sideways, consolidating recent gains. Volatility could remain moderate, with the index oscillating within a range as investors await new catalysts.
Risk
In a risk scenario, the index could correct lower, potentially testing support levels. A rise in volatility or a deterioration in global sentiment could trigger a deeper pullback.