Bullish consolidation week the one experienced by the Ibex 35. The Spanish selective has scored a 0.35% in the calculation of the five sessions, despite a international context marked by geopolitical noise. Donald Trump’s latest statements and plans, with references to Iran and Greenlandand the threatens to impose tariffs on countries that do not support its positions on the territory of Denmarkhave added volatility to the market, although without stopping the positive tone of the index.
Thus and despite this backdrop, the Ibex has marked new all-time highs in the area of 17,700 points, waiting for the start of the business results season in our countrywhich will be the great stock market focus in the short term, along with a especially loaded macroeconomic agenda. From a technical point of view, as the BitcoinDynamic experts explain, the Spanish index maintains a clearly bullish trend. The first relevant level of support is located in the 17,400 pointswhose loss could open the door to profit-taking aimed at the 17,000 points. For now, There are no technical signals that anticipate the entry of selling pressure.
ROVI LEADS THE WEEK On an individual level, Rovi Laboratories has been the most outstanding value of the week, with a 5.48% increaseprolonging the good behavior shown in previous weeks. From a technical point of view, the pharmaceutical group has achieved break the resistances of 65.95 euros and 70.70 eurosconfirming a bullish turn at the 200 session average. This movement opens the door to a possible attack on the bearish gap at the end of 2024, located around 74.40 euros. It has been located very close ACSwhich has added a 5.35% in the five sessions and is already trading close to 100 euros per share. Their Graphic perspectives are impeccable: the company has been renewing historical highs and, since the beginning of 2025, It has practically doubled its price. The first important support is found in the 82.54 eurosvery far from current prices, which reinforces its strength. Among other factors, the company chaired by Florentino Pérez is benefiting from its high exposure to the United States and the data center business.
The weekly bullish trio has completed it ArcelorMittalwith an advance of 4.38%which has allowed it to exceed the level of 42 euros per share. They have also highlighted Ferrovial (+3.10%), Unicaja (+2.91%), Banco Santander (+2.77%) and BBVA (+2.44%).
THE MOST PUNISHED VALUES At the opposite end of the table is Amadeuswhich has given up a 5.07%. The value has suffered significant cuts despite having positive recommendations. One of them came from the Jefferies analysts, who A few days ago they reiterated their ‘buy’ recommendation and raised their target price to 78 euros, from the previous 76, considering the punishment that the software sector is suffering excessive due to fear that artificial intelligence could erode its business model. It has also been a negative week for Grifolswhich has been left a 4.39%. From a graphical point of view, its price is looking for support in the 200 session average, although As long as it does not pierce 11.63 euros, its appearance will continue to be fragile.
Among the most bearish have also been IAGpenalized by the taking profits after his recent recovery.
Acciona (-2.87%), Acciona Energía (-2.76%) and Colonial (-2.73%) They have also been among the most punished of these days. Finally, it is worth mentioning Telephonewhich has once again been placed among the groups with the worst performance. The operator has lost a 2.37% in the week and is already trading around 3.34 euros, without reacting to the catalyst that could be a new sectoral consolidation law.
Weekly variations Ibex 35