The IBEX 35 operates in negative terrain after reaching maximum three days

  • The IBEX 35 goes back 0.12% on the last day of the week, currently operating over 13,977.
  • Grifols values (GRF) fall 1.55% daily, reaching minimum of July 16 at € 12,015.
  • The actions of Merlin Properties Socimi, SA (MRL) go back 0.69% today, staying within the previous session range at € 11.47.
  • The Economic Economic Agenda considers consumer confidence for next week, manufacturing and services PMIS, as well as the ECB’s monetary policy statements.

The IBEX 35 reacted down from July 15 at 14,062, where it attracted aggressive vendors that dragged the index to a minimum of the day at 13,976. At the moment, the IBEX 35 is traded at 13,982, falling 0.12% today.

Grifols and Merlin Properties Socimi maintain the IBEX 35 loss zone

The titles of Merlin Properties Socimi, SA (MRL) have a fall of 0.69% from maximums not seen since September 24, 2024 in € 11.63, consolidating within the range of July 17 at € 11.47, ending with a streak of four consecutive days upside down.

On the other hand, the shares of Grifols (GRF) lose 1.51% daily, visiting minimums of July 16 at € 12,015, spinning two consecutive sessions in negative territory.

The operators will be attentive to the economic data of the Eurozone that will be announced during the following week, among which consumer’s confidence, the manufacturing PMIS and preliminary services of July and the decisions of fees of the European Central Bank.

In this sense, the IBEX 35 goes back 15 points on the last day of the week, reaching a minimum daily at 13,976.

Technical levels at IBEX 35

The IBEX 35 oscillates in a lateral range between a short -term support given by the minimum of June 23 at 13,737 and the maximum of May 21 in 14,368. Down, the key support is at 13,074, pivot point of April 30, in convergence with the exponential mobile average of 13 periods.

GRAPH DIART OF IBEX 35

Source: Fx Street

You may also like