DAX40 PERF INDEX

- EUR (-)

- 15 min delayed data - Germany Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	DAX
ISIN:	DE0008469008

DAX40 PERF INDEX - Daily - Technical analysis published on 11/23/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 15,660.04 EUR

My targets

16,271.75 EUR (+1.73%)

16,469.75 EUR (+2.97%)

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 15,660.04 EUR. The buyers' bullish objective is set at 16,271.75 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16,469.75 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

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by stanleygariseb. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DAX40 PERF INDEX rating 15,994.73 EUR. The price registered an increase of +0.23% on the session and was between 15,958.06 EUR and 16,005.45 EUR. This implies that the price is at +0.23% from its lowest and at -0.07% from its highest.

15,958.06

16,005.45

15,994.73

Here is a more detailed summary of the historical variations registered by DAX40 PERF INDEX:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this DAX40 PERF INDEX chart shows a strongly bullish trend. 82.14% 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 detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	15,212.10	15,660.04	15,951.46	15,994.73	16,271.75	16,469.75
Change (%)	-4.89%	-2.09%	-0.27%	-	+1.73%	+2.97%
Change	-782.63	-334.69	-43.27	-	+277.02	+475.02
Level	Intermediate	Major	Intermediate	-	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,919.32	15,938.69	15,966.71	15,986.08	16,014.10	16,033.47	16,061.49
Camarilla	15,981.70	15,986.04	15,990.39	15,994.73	15,999.07	16,003.42	16,007.76
Woodie	15,923.65	15,940.85	15,971.04	15,988.24	16,018.43	16,035.63	16,065.82
Fibonacci	15,938.69	15,956.79	15,967.98	15,986.08	16,004.18	16,015.37	16,033.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,763.29	15,007.78	15,463.47	15,707.96	16,163.65	16,408.14	16,863.83
Camarilla	15,726.61	15,790.79	15,854.98	15,919.16	15,983.34	16,047.53	16,111.71
Woodie	14,868.89	15,060.58	15,569.07	15,760.76	16,269.25	16,460.94	16,969.43
Fibonacci	15,007.78	15,275.25	15,440.49	15,707.96	15,975.43	16,140.67	16,408.14

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):	73.35
MACD (12,26,9):	216.9600
Directional Movement:	26.56
AROON (14):	85.71
DEMA (21):	15,777.15
Parabolic SAR (0,02-0,02-0,2):	15,579.71
Elder Ray (13):	308.20
Super Trend (3,10):	15,582.26
Zig ZAG (10):	15,994.73
VORTEX (21):	1.2500
Stochastique (14,3,5):	96.29
TEMA (21):	16,010.82
Williams %R (14):	-1.14
Chande Momentum Oscillator (20):	842.09
Repulse (5,40,3):	0.3700
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	11.46

MA7:	15,886.91
MA20:	15,387.17
MA50:	15,312.32
MA100:	15,611.84
MAexp7:	15,845.31
MAexp20:	15,543.32
MAexp50:	15,437.19
MAexp100:	15,502.12
Price / MA7:	+0.68%
Price / MA20:	+3.95%
Price / MA50:	+4.46%
Price / MA100:	+2.45%
Price / MAexp7:	+0.94%
Price / MAexp20:	+2.90%
Price / MAexp50:	+3.61%
Price / MAexp100:	+3.18%

Quotes : - 15 min delayed data - Germany Indices

News

The latest news and videos published on DAX40 PERF INDEX at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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