DAX40 PERF INDEX - 15 min. - Technical analysis published on 11/02/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 14,886.39 EUR
My targets
14,986.46 EUR (+0.42%)
15,049.65 EUR (+0.85%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DAX40 PERF INDEX as long as the price remains well above 14,886.39 EUR. The buyers' bullish objective is set at 14,986.46 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15,049.65 EUR. If there is any crossing, the next objective would be the resistance located at 15,149.72 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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 price is 14,923.27 EUR. The price has increased by +0.76% since the last closing with the lowest point at 14,786.32 EUR and the highest point at 14,949.58 EUR. The deviation from the price is +0.93% for the low point and -0.18% for the high point.14,786.32
14,949.58
14,923.27
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX40 PERF INDEX:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of DAX40 PERF INDEX indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13,789.00 | 14,659.18 | 14,735.26 | 14,923.27 | 14,973.33 | 15,107.83 | 15,288.32 |
| Change (%) | -7.60% | -1.77% | -1.26% | - | +0.34% | +1.24% | +2.45% |
| Change | -1,134.27 | -264.09 | -188.01 | - | +50.06 | +184.56 | +365.05 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,659.94 | 14,723.13 | 14,823.20 | 14,886.39 | 14,986.46 | 15,049.65 | 15,149.72 |
| Camarilla | 14,878.37 | 14,893.34 | 14,908.31 | 14,923.27 | 14,938.24 | 14,953.20 | 14,968.17 |
| Woodie | 14,678.38 | 14,732.35 | 14,841.64 | 14,895.61 | 15,004.90 | 15,058.87 | 15,168.16 |
| Fibonacci | 14,723.13 | 14,785.50 | 14,824.03 | 14,886.39 | 14,948.76 | 14,987.29 | 15,049.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,263.70 | 14,446.96 | 14,567.18 | 14,750.44 | 14,870.66 | 15,053.92 | 15,174.14 |
| Camarilla | 14,603.95 | 14,631.77 | 14,659.59 | 14,687.41 | 14,715.23 | 14,743.05 | 14,770.87 |
| Woodie | 14,232.19 | 14,431.20 | 14,535.67 | 14,734.68 | 14,839.15 | 15,038.16 | 15,142.63 |
| Fibonacci | 14,446.96 | 14,562.89 | 14,634.51 | 14,750.44 | 14,866.37 | 14,937.99 | 15,053.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,490.20 | 14,060.21 | 14,435.27 | 15,005.28 | 15,380.34 | 15,950.35 | 16,325.41 |
| Camarilla | 14,550.45 | 14,637.08 | 14,723.71 | 14,810.34 | 14,896.97 | 14,983.60 | 15,070.23 |
| Woodie | 13,392.74 | 14,011.47 | 14,337.81 | 14,956.54 | 15,282.88 | 15,901.61 | 16,227.95 |
| Fibonacci | 14,060.21 | 14,421.22 | 14,644.26 | 15,005.28 | 15,366.29 | 15,589.33 | 15,950.35 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.19 | |
| MACD (12,26,9): | 25.0400 | |
| Directional Movement: | 9.54 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 14,933.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,911.89 | |
| Elder Ray (13): | 5.43 | |
| Super Trend (3,10): | 14,866.71 | |
| Zig ZAG (10): | 14,923.27 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 67.01 | |
| TEMA (21): | 14,939.11 | |
| Williams %R (14): | -34.39 | |
| Chande Momentum Oscillator (20): | 2.40 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.81 |
| MA7: | 14,805.82 | |
| MA20: | 15,039.65 | |
| MA50: | 15,388.78 | |
| MA100: | 15,686.70 | |
| MAexp7: | 14,920.73 | |
| MAexp20: | 14,899.43 | |
| MAexp50: | 14,858.08 | |
| MAexp100: | 14,825.57 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | -0.77% | |
| Price / MA50: | -3.02% | |
| Price / MA100: | -4.87% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.44% | |
| Price / MAexp100: | +0.66% |
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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Trade of the Week: long DAX 40 index
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Trade of the Week: Long Dax
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Weak Ifo sends the Dax down 🇩🇪
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Risk event for the week starting 26 June: DAX on German data
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Could the ECB shock the market? German DAX in focus.
This member declared not having a position on this financial instrument or a related financial instrument.
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