IBEX 35 technical analysis
Technical analysis of IBEX 35 (index) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is IBEX 35
The IBEX 35 is the primary stock index of the Madrid Stock Exchange, representing the 35 largest companies listed on the Spanish market. The index reflects the overall performance of the most capitalized companies on the main exchange.
Description generated automatically from public sources; it may be inaccurate or out of date.
IBEX 35: latest session data
Closing values for September 2, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
20,016.70 $
−0.99%
50 sessions
19,733.72 $
+0.43%
200 sessions
18,194.78 $
+8.92%
Session levels
s2
19,656.93
Support
s1
19,717.97
Support
pivot
19,800.33
Pivot
r1
19,861.37
Resistance
r2
19,943.73
Resistance
How to read it
In the September 2, 2026 session IBEX 35 closed higher at 19,818.30 $, +0.20% versus the previous session.
The price sits mixed against its moving averages: −0.99% against the 21-session average, +0.43% against the 50 and +8.92% against the 200.
The 14-period RSI reads 47.7, in neutral territory.
MACD stands at 36.986 against a signal line at 89.096: the histogram is negative (−52.110).
ADX reads 14.7, indicating weak directionality.
Levels computed on the latest session place supports at 19,717.97 and 19,656.93 $ and resistances at 19,861.37 and 19,943.73 $, around a pivot of 19,800.33.
The average daily range (ATR) is 192.879 $, or 0.97% of price.
Turnover was 107.9M shares, 2000% of the 20-session average.
Over the last twelve months the price ranged between 16,247.30 and 20,356.50 $, and today stands −2.64% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about IBEX 35
How is IBEX 35 analysed technically?
Technical analysis of IBEX 35 is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for IBEX 35?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to IBEX 35?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to IBEX 35 it helps frame the technical structure of the historical chart and is not a forecast.
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Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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