What is behind Mapfre, which fell the most on Ibex 35 today?

The main insurer within the Spanish market paid a complement of the most effective dividends within the Spanish market. And it does so in an atmosphere of recovering its shares that are recovering what was misplaced within the Ibex final month.

At the moment it gained virtually 35% to 1.849 euro within the first bar of the session on IBEX 4.

From a technical perspective, Mapfre has not too long ago crossed bearish pointers, as we are able to see within the graph, which permits us to challenge a sequence of rising lows.


The following goal can be to surpass the excessive of final Monday, April 17, which might permit us to challenge a construction of rising highs and lows and, due to this fact, replace bullish goals in direction of yearly highs.

Mapfre has assist at 1.69 – 1.67 EUR, which is near the 50% Fibonacci retracement of every part up since October 2022, which is a constructive signal.

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