The new threats from US President Donald Trump to Iran have led the Ibex 35 to reap benefits. Specifically, our selective has left 2.36% weekly after signing a first semester of large profits. From a technical point of view, as explained by César Nuez, an expert at BitcoinDynamic,The correction could extend in the short term to 19,000 points. Above, place the first resistance to beat at 19,640 integers.
REPSOL PULLS THE IBEX ALONG WITH STEEL AND BANKING In terms of values, the biggest increases in these five sessions have been those achieved by Repsolwhich has been fired 11.45%. The oil company has found several catalysts during the week: the oil price rebound Following the increase in geopolitical tension in the Middle East, the publication of a Second quarter refining margin of $13.7 per barrelhigher than the previous quarter, and the confidence shown by Jefferies, which has once again recommend ‘buy’ the stock ahead of the quarterly results.
It has been located very close ArcelorMittalwith a revaluation of the 10.40%driven by the improvement of valuation carried out by JP Morgan. The investment bank has also raised its target price on Acerinoxwhich ended the week with a rise in 2.37%reinforcing optimism about the European steel sector. The bank has also once again exhibited strength. Unicaja has advanced a 5.83%while Bankinter has won a 5.21%, BBVA a 4.70%, Sabadell Bank a 4.55%, Santander a 2.62% and CaixaBank a 1.71%prolonging the good tone of the financial sector. Likewise, among the most bullish bullish values, Puig Brands (+5.21%), Mapfre (+2.55%), Indra (+1.77%) and Endesa (+1.15%). SOLARIA AND CELLNEX LEAD THE CUTS On the opposite side of the table, the biggest falls have been those suffered by solaria, which has collapsed 12.79% in the week after piercing the support of 19.41 euros. The company already accumulates a decline close to 25% from the highs of the end of Maya correction that has significantly deteriorated its technical aspect and that, according to analysts, could extend to the 18 euros, where the moving average of 200 sessions is located.
Cellnexfor its part, has lost a 10.17% after leaving support 25.55 euros. Analysts are now monitoring the annual lows located in the 24.72 eurossince its drilling could accelerate sales with a theoretical objective close to 20 euros. Sales have also been felt in the infrastructure and renewable energy sector. Ferrovial has given up a 6.49%, ACS a 6.18%, Action a 4.99% and Activate Energy a 4.91%while Rovi Laboratories (-4.44%) and Enagas (-4.37%) have completed the group of the most punished values of the week. Finally, the declines have also reached other heavyweights of the selective, such as Telephone (-3.29%), Merlin Properties (-3.15%), Amadeus (-2.69%), Grifols (-2.52%), Fluidra (-2.25%), Inditex (-1.86%), Iberdrola (-1.67%), Aena (-1.32%) and IAG (-1.25%), in a week marked by the rotation towards securities linked to raw materials and the taking of profits in companies with weaker technical performance.
Weekly variations Ibex 35
