IBEX 35 Index

IBEX 35 closed down by -1.05% to 8567.0 on 23 January 2021 and +-4.32% on a weekly basis. IBEX 35 momentum was last calculated at +0.0/100 indicating positive momentum. IBEX 35 trend is +25.0/100 indicating a positive trend. IBEX 35 momentum exhaustion is 0.49529 indicating IBEX 35 is oversold.IBEX 35 RSI is 52.9157 .

IBEX 35 Index Chart

IBEX 35 Index

IBEX 35 Index Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the IBEX 35. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the IBEX 35 trading signals presented in the IBEX 35 statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
IBEX 35 IBEX 8567 0 0.25 0.49529 52.9157 -1.05 -4.32 -2.64 -0.15824

IBEX 35 closed at 8567.0 on 23 January 2021. IBEX 35 trend was last calculated at +25.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. IBEX 35 momentum was last calculated at +0.0/100 (range: -100 to +100) indicating positive momentum. IBEX 35 momentum exhaustion is 0.49529 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating IBEX 35 is oversold and a possible reversal is imminent. IBEX 35 RSI was last calculated at 52.9157. IBEX 35 moving averages were last recorded as follows: 1-month moving average: 8129.93 in a downtrend , 1-quarter moving average: 7587.47 in an uptrend and 1-year moving average: 7569.15 in a downtrend. IBEX 35 annual return was last recorded at None%, daily return was last recorded at -1.05%, and weekly return was last recorded at -4.32%. IBEX 35 histrorical 20-day volatility was last recorded at 18.5709%, IBEX 35 alpha None, IBEX 35 beta None and IBEX 35 maximum drawdown was recorded at None%. MacroVar models monitor IBEX 35 statistics based on historical data since 1970.

IBEX 35 Index News

IBEX 35 Factors

IBEX 35

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Spain PMI vs Stocks ES.FACT.STPMI 6585.6 47.2389 -2.23311
Spain ESI vs Stocks ES.FACT.STESI 6585.6 81.7206 -1.15788

IBEX 35 related Indicators

IBEX 35

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Spain ETF Stock Index ETF EWP 27.44 0.5 0.5 1.2395 58.5292 -1.05 -6.12 -3.72 -0.05274
Spain PMI vs Stocks Stock Index vs PMI Factor ES.FACT.STPMI 6585.6
Spain ESI vs Stocks Stock Index vs ESI Factor ES.FACT.STESI 6585.6

Spain Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
IBEX 35 IBEX 8567 0 0.25 0.49529 52.9157 -1.05 -4.32 -2.64 -0.15824
Spain ETF EWP 27.44 0.5 0.5 1.2395 58.5292 -1.05 -6.12 -3.72 -0.05274
Spain 10-Year Bond Yield ES.10Y 0.27 -1 -1 -1.36442 45.7791 -13.74 -40.13 -37.93 -0.91423
Spain 5-Year Bond Yield ES.5Y -0.33 0.5 -0.75 -1.29576 45.6911 8.2 72.77 41.63 1.50515
Spain 2-year bond yield ES.2Y -0.54 0.5 -1 -1.36089 40.4619 3.85 8.87 11.57 0.75209
Spain Yield Curve ES.YC 0.82 -0.5 -0.5 -1.07065 50.2841 -1.56 -13.41 -10.77 -0.19952
Spain Credit Default Swaps CDS.Spain 30.5 -1 -1 -0.89681 25.4161 3.39 -7.58 -11.59 -0.02361

Spain Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 140100 -1296900 -1.10803 0.125952 1.0 1.0 0.6 2021-05-31
bank lending rate 1.54 1.22 0.262295 -0.0860534 1.0 -1.0 0.4 2021-05-31
banks balance sheet 2925.7 2921.5 0.00143762 0.0433651 1.0 1.0 0.8 2021-04-30
business confidence -1.1 1 -2.1 -0.952381 1.0 1.0 0.441667 2021-06-30
capacity utilization 77.4 77.01 0.00506428 -0.0349127 -1.0 -1.0 0.283333 2020-10-01
capital flows 1781 5414 -0.671038 0.251581 1.0 1.0 0.716667 2021-04-30
car registrations 85790 92916 -0.0766929 0.214021 -1.0 1.0 0.933333 2021-06-30
central bank balance sheet 1095410 1079160 0.015058 0.178442 1.0 1.0 0.483333 2021-06-30
consumer confidence 97.5 89 0.0955056 0.60626 1.0 1.0 0.983333 2021-06-30
consumer price index cpi 107.32 106.81 0.00477483 0.0272806 1.0 1.0 0.966667 2021-06-30
core inflation rate 0.2 0.3 -0.333333 -0.818182 -1.0 -1.0 0.0333333 2021-05-31
current account 729 3335 -0.781409 -0.666514 1.0 -1.0 0.133333 2020-12-31
current account to gdp 0.7 2.1 -0.666667 -1.07527 1.0 1.0 0 2020-01-31
exports 28268300 23542000 0.20076 0.298546 1.0 1.0 1 2021-03-31
external debt 2270040000 2236170000 0.0151464 0.147998 1.0 1.0 0.716667 2021-01-01
foreign direct investment 2151 2798 -0.231237 -0.53861 1.0 -1.0 0.4 2021-04-30
foreign exchange reserves 66865.8 66238.4 0.00947185 -0.0277092 -1.0 -1.0 0.183333 2021-06-30
gdp 1394.12 1419.74 -0.0180456 -0.0529912 1.0 -1.0 0 2019-01-31
Real GDP 288284 290028 -0.00601321 -0.0326787 -1.0 -1.0 0.25 2021-03-01
gdp growth -0.4 17.1 -1.02339 -1.57143 -1.0 -1.0 0.333333 2021-01-01
gdp growth annual -4.2 -8.9 -0.52809 -2.5 -1.0 -1.0 0.183333 2021-01-01
gold reserves 281.58 281.6 -0.0000710227 0 -1.0 -1.0 0.708333 2020-07-01
government budget -11 -2.9 2.7931 1.5 -1.0 -1.0 0 2020-01-31
Government budget -30628 -16891 0.813273 -0.050324 1.0 1.0 0.6 2021-05-31
government debt 1392730000 1345570000 0.0350483 0.199998 1.0 1.0 0 2021-01-01
government debt to gdp 120 95.5 0.256545 2.03797 1.0 1.0 0 2020-01-31
housing index 1625.4 1622.3 0.00191087 0.0375335 1.0 1.0 0.55 2021-01-01
housing starts 0.9 0.73 0.232877 1.5 1.0 1.0 0.85 2021-03-31
imports 27062000 27138200 -0.00280785 0.556146 1.0 1.0 0.983333 2021-05-31
industrial production 26 48.2 -0.460581 -2.15044 1.0 1.0 0.216667 2021-05-31
industrial production mom 0.4 -0.1 -5 -1.032 -1.0 1.0 0.433333 2021-03-31
inflation cpi 2.7 2.7 0 -4 1.0 1.0 0.15 2021-06-30
interbank rate -0.38 -0.38 0 0 1.0 -1.0 0.508333 2021-06-02
interest rate 0.05 0.05 0 0 1.0 -1.0 0.791667 2016-03-09
loan growth 6.5 7.8 -0.166667 1.09677 1.0 1.0 0.683333 2021-04-30
loans to private sector 464930 468510 -0.00764125 -0.0223361 -1.0 -1.0 0.683333 2021-05-31
long term unemployment rate 6.3 5.7 0.105263 -0.1 1.0 -1.0 0.516667 2021-01-01
manufacturing pmi 60.4 59.4 0.016835 0.232653 1.0 1.0 0.95 2021-06-30
money supply m1 1262180 1245540 0.0133597 0.0949105 1.0 1.0 0.216667 2021-05-31
money supply m2 1386890 1373830 0.00950627 0.0587027 1.0 1.0 0.616667 2021-05-31
money supply m3 1429020 1416430 0.00888854 0.0567877 1.0 1.0 0.716667 2021-05-31
new home sales 9.2 8.52 0.0798122 1.15356 1.0 1.0 1 2021-05-31
Producer Price Index 110.1 108.2 0.0175601 0.15288 1.0 1.0 1 2021-05-31
PPI Index 15.3 12.8 0.195312 -2.73864 1.0 1.0 0.1 2021-05-31
retail sales MoM -0.4 3.5 -1.11429 -0.979798 -1.0 1.0 0.55 2021-04-30
retail sales 19.6 40.5 -0.516049 -2.01554 1.0 1.0 0.266667 2021-05-31
services pmi 62.5 59.4 0.0521886 0.204239 1.0 1.0 0.95 2021-06-30
total vehicle sales 96785 95403 0.0144859 0.171008 1.0 1.0 0.883333 2021-06-30
unemployment rate 15.98 16.13 -0.00929944 -0.0454002 1.0 -1.0 0.5 2020-07-01
youth unemployment rate 36.9 38 -0.0289474 -0.0634518 -1.0 -1.0 0.6 2021-05-31
Construction sector -0.1 -6.9 -0.985507 -0.996296 1.0 1.0 0.183333 2021-04-01
Consumer sector -11.6 -17.4 -0.333333 -0.60274 1.0 1.0 0.133333 2021-04-01
Manufacturing sector 2.6 -5.7 -1.45614 -1.08469 1.0 1.0 0.45 2021-04-01
Retail sector -3 -21.2 -0.858491 -0.922078 1.0 1.0 0.216667 2021-04-01
Services sector 3.7 -19.5 -1.18974 -1.07724 1.0 1.0 0.216667 2021-04-01
ESI - Economic Composite 106 96.9 0.0939112 0.409574 1.0 1.0 1 2021-04-01

IBEX 35 Trading Signals


MacroVar estimates the following signals: IBEX 35 momentum, IBEX 35 trend, IBEX 35 oscillator, IBEX 35 RSI and IBEX 35 returns.

IBEX 35 Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarIBEX 35 momentum signal ranges from -100 to +100. The IBEX 35 momentum signal is derived as the mean value from 4 calculations for the IBEX 35. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. IBEX 35 return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. IBEX 35 momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when IBEX 35 momentum signal moves from positive to negative value or vice-versa.

IBEX 35 trend

IBEX 35 trend signal ranges from -100 to +100. IBEX 35 trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. IBEX 35 Closing price vs IBEX 35 moving average (MA) calculation: If IBEX 35 is greater than IBEX 35 MA value is +1, else -1, 2. IBEX 35 Moving average slope calculation: if current IBEX 35 moving average is higher than the previous MA, IBEX 35 upward slope +1, else -1
IBEX 35 trend model can be used as a trend strength indicator. IBEX 35 trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when IBEX 35 trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The IBEX 35 52-week simple moving average and its slope are the most important indicators defining a market’s trend. IBEX 35 is in an uptrend when IBEX 35 price is higher than the 52-week moving average and the IBEX 35 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the IBEX 35 oscillator and IBEX 35 RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

IBEX 35 oscillator

The IBEX 35 oscillator estimated by MacroVar is the z-score of the current IBEX 35 price versus IBEX 35 1-year simple moving average price. The formula for the IBEX 35 oscillator is:
IBEX 35 oscillator = (Current Price – 250 trading days IBEX 35 simple moving average price) / (250 days IBEX 35 price standard deviation)

IBEX 35 oversold conditions
IBEX 35 is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the IBEX 35 is oversold it is often due for a rebound. Values of the IBEX 35 oscillator lower than -2.5 signify oversold conditions. It must be noted that the IBEX 35 oscillator must be analyzed ibn conjunction with the rest of IBEX 35 quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the IBEX 35 RSI.
IBEX 35 overbought conditions
IBEX 35 is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the IBEX 35 is overbought it is often due for a correction. Values of the IBEX 35 oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the IBEX 35 quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

IBEX 35 RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when IBEX 35 is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During IBEX 35 uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

IBEX 35 returns

MacroVar calculates IBEX 35 returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

IBEX 35 returns = (IBEX 35 Closing Price – IBEX 35 Previous Price)/(IBEX 35 Previous Price)
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