The IBEX 35 is actively quoting at 18,290 (+0.63%), buoyed by positive sentiment in the European markets and a rebound in key sectors, signaling a potential continuation of upward momentum. This move comes after the index previously closed at 18,176, indicating a strong intraday recovery and investor confidence.

From a technical perspective, the index is currently above both the 20-day simple moving average (SMA-20) at 18,023 and the 50-day simple moving average (SMA-50) at 17,850, reinforcing a bullish trend. The relative strength index (RSI) stands at 67.2, placing it in neutral territory, while the index remains close to its 52-week high of 18,497, suggesting that it is testing resistance levels.

Looking ahead, the immediate support level is at 18,176, the previous close, while resistance is seen near the 52-week high of 18,497. A decisive break above this level could signal further bullish momentum, while a drop below 18,176 may indicate a reversal in sentiment.