DAX KURSINDEX - Daily - Technical analysis published on 08/05/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 5,298.45 EUR
My targets
5,655.73 EUR (+1.19%)
6,001.41 EUR (+7.38%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for DAX KURSINDEX as long as the price remains well above 5,298.45 EUR. The buyers' bullish objective is set at 5,655.73 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6,001.41 EUR. If there is any crossing, the next objective would be the resistance located at 6,330.50 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 5,655.73 EUR. On this resistance, against the trend traders who would like to go short on DAX KURSINDEX with a bearish signal from their trading strategy, should not hesitate to act.
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
2.5
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.
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Additional analysis
Quotes
The DAX KURSINDEX rating is 5,589.06 EUR. On the day, this instrument lost -0.01% and was traded between 5,578.25 EUR and 5,602.34 EUR over the period. The price is currently at +0.19% from its lowest and -0.24% from its highest.5,578.25
5,602.34
5,589.06
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DAX KURSINDEX chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being 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, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,781.01 | 5,073.69 | 5,298.45 | 5,589.06 | 5,655.73 | 6,001.41 | 6,330.50 |
| Change (%) | -14.46% | -9.22% | -5.20% | - | +1.19% | +7.38% | +13.27% |
| Change | -808.05 | -515.37 | -290.61 | - | +66.67 | +412.35 | +741.44 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,495.51 | 5,535.68 | 5,562.73 | 5,602.90 | 5,629.95 | 5,670.12 | 5,697.17 |
| Camarilla | 5,571.31 | 5,577.47 | 5,583.63 | 5,589.79 | 5,595.95 | 5,602.11 | 5,608.28 |
| Woodie | 5,488.96 | 5,532.40 | 5,556.18 | 5,599.62 | 5,623.40 | 5,666.84 | 5,690.62 |
| Fibonacci | 5,535.68 | 5,561.36 | 5,577.22 | 5,602.90 | 5,628.58 | 5,644.44 | 5,670.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,198.67 | 5,267.35 | 5,392.03 | 5,460.71 | 5,585.39 | 5,654.07 | 5,778.75 |
| Camarilla | 5,463.54 | 5,481.26 | 5,498.99 | 5,516.71 | 5,534.44 | 5,552.16 | 5,569.88 |
| Woodie | 5,226.67 | 5,281.35 | 5,420.03 | 5,474.71 | 5,613.39 | 5,668.07 | 5,806.75 |
| Fibonacci | 5,267.35 | 5,341.21 | 5,386.85 | 5,460.71 | 5,534.57 | 5,580.21 | 5,654.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,754.45 | 4,911.98 | 5,214.34 | 5,371.87 | 5,674.23 | 5,831.76 | 6,134.12 |
| Camarilla | 5,390.24 | 5,432.40 | 5,474.55 | 5,516.71 | 5,558.87 | 5,601.02 | 5,643.18 |
| Woodie | 4,826.88 | 4,948.19 | 5,286.77 | 5,408.08 | 5,746.66 | 5,867.97 | 6,206.55 |
| Fibonacci | 4,911.98 | 5,087.66 | 5,196.19 | 5,371.87 | 5,547.55 | 5,656.08 | 5,831.76 |
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): | 61.35 | |
| MACD (12,26,9): | 44.5000 | |
| Directional Movement: | 12.37 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 5,484.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,388.13 | |
| Elder Ray (13): | 112.09 | |
| Super Trend (3,10): | 5,343.02 | |
| Zig ZAG (10): | 5,579.49 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 90.14 | |
| TEMA (21): | 5,576.12 | |
| Williams %R (14): | -15.16 | |
| Chande Momentum Oscillator (20): | 148.84 | |
| Repulse (5,40,3): | 0.8300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 8.95 |
| MA7: | 5,529.02 | |
| MA20: | 5,400.25 | |
| MA50: | 5,471.88 | |
| MA100: | 5,682.81 | |
| MAexp7: | 5,529.72 | |
| MAexp20: | 5,447.69 | |
| MAexp50: | 5,489.83 | |
| MAexp100: | 5,664.80 | |
| Price / MA7: | +1.09% | |
| Price / MA20: | +3.50% | |
| Price / MA50: | +2.14% | |
| Price / MA100: | -1.65% | |
| Price / MAexp7: | +1.07% | |
| Price / MAexp20: | +2.59% | |
| Price / MAexp50: | +1.81% | |
| Price / MAexp100: | -1.34% |
Quotes :
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15 min delayed data
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Germany Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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