DAX40 PERF INDEX - 1H - Technical analysis published on 11/25/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 14,431.10 EUR
My targets
14,851.24 EUR (+2.14%)
14,973.30 EUR (+2.98%)
My analysis
The bullish trend is currently very strong on DAX40 PERF INDEX. As long as the price remains above the support at 14,431.10 EUR, you could try to benefit from the boom. The first bullish objective is located at 14,851.24 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14,973.30 EUR as an objective. Crossing it would then enable buyers to target 16,271.80 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by CarelB. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 PERF INDEX rating is 14,539.56 EUR. On the day, this instrument gained +0.78% and was traded between 14,447.55 EUR and 14,570.71 EUR over the period. The price is currently at +0.64% from its lowest and -0.21% from its highest.14,447.55
14,570.71
14,539.56
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of DAX40 PERF INDEX indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13,789.00 | 14,149.70 | 14,431.10 | 14,539.56 | 14,570.70 | 14,973.30 | 16,271.80 |
| Change (%) | -5.16% | -2.68% | -0.75% | - | +0.21% | +2.98% | +11.91% |
| Change | -750.56 | -389.86 | -108.46 | - | +31.14 | +433.74 | +1,732.24 |
| Level | Major | Minor | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,344.68 | 14,396.11 | 14,467.84 | 14,519.27 | 14,591.00 | 14,642.43 | 14,714.16 |
| Camarilla | 14,505.69 | 14,516.98 | 14,528.27 | 14,539.56 | 14,550.85 | 14,562.14 | 14,573.43 |
| Woodie | 14,354.82 | 14,401.19 | 14,477.98 | 14,524.35 | 14,601.14 | 14,647.51 | 14,724.30 |
| Fibonacci | 14,396.11 | 14,443.16 | 14,472.23 | 14,519.27 | 14,566.32 | 14,595.39 | 14,642.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,927.06 | 14,038.38 | 14,235.12 | 14,346.44 | 14,543.18 | 14,654.50 | 14,851.24 |
| Camarilla | 14,347.14 | 14,375.38 | 14,403.62 | 14,431.86 | 14,460.10 | 14,488.34 | 14,516.58 |
| Woodie | 13,969.77 | 14,059.74 | 14,277.83 | 14,367.80 | 14,585.89 | 14,675.86 | 14,893.95 |
| Fibonacci | 14,038.38 | 14,156.06 | 14,228.76 | 14,346.44 | 14,464.12 | 14,536.82 | 14,654.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,916.27 | 11,405.11 | 12,329.42 | 12,818.26 | 13,742.57 | 14,231.41 | 15,155.72 |
| Camarilla | 12,865.12 | 12,994.66 | 13,124.20 | 13,253.74 | 13,383.28 | 13,512.82 | 13,642.36 |
| Woodie | 11,134.02 | 11,513.98 | 12,547.17 | 12,927.13 | 13,960.32 | 14,340.28 | 15,373.47 |
| Fibonacci | 11,405.11 | 11,944.93 | 12,278.43 | 12,818.26 | 13,358.08 | 13,691.58 | 14,231.41 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 62.76 | |
| MACD (12,26,9): | 41.9000 | |
| Directional Movement: | 13.29 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 14,538.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,467.72 | |
| Elder Ray (13): | 36.92 | |
| Super Trend (3,10): | 14,434.77 | |
| Zig ZAG (10): | 14,539.56 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 80.62 | |
| TEMA (21): | 14,549.54 | |
| Williams %R (14): | -15.03 | |
| Chande Momentum Oscillator (20): | 144.73 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.70 |
| MA7: | 14,385.96 | |
| MA20: | 13,916.78 | |
| MA50: | 13,088.41 | |
| MA100: | 13,157.41 | |
| MAexp7: | 14,527.29 | |
| MAexp20: | 14,484.61 | |
| MAexp50: | 14,403.64 | |
| MAexp100: | 14,226.32 | |
| Price / MA7: | +1.07% | |
| Price / MA20: | +4.48% | |
| Price / MA50: | +11.09% | |
| Price / MA100: | +10.50% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.94% | |
| Price / MAexp100: | +2.20% |
Quotes :
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15 min delayed data
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Germany Indices
News
Don't forget to follow the news on DAX40 PERF INDEX. At the time of publication of this analysis, the latest news was as follows:
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DAX Forecast November 23, 2022
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Stocks to watch in the DAX Index | Relative Rotation Graphs
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DAX Forecast November 18, 2022
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DAX Forecast November 16, 2022
-
Charting the Markets: FTSE, DAX and Nasdaq look set to head higher
This member declared not having a position on this financial instrument or a related financial instrument.
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