DAX KURSINDEX

DAXK

- EUR (-)

- 15 min delayed data - Germany Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	DAXK
ISIN:	DE0008467440

DAX KURSINDEX - Daily - Technical analysis published on 01/13/2023 (GMT)

Londinia

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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

83%

11%

My opinion

Bullish above 5,945.92 EUR

My targets

6,330.50 EUR (+2.86%)

6,873.08 EUR (+11.67%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DAX KURSINDEX as long as the price remains well above 5,945.92 EUR. The buyers' bullish objective is set at 6,330.50 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6,873.08 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DAX KURSINDEX price is 6,154.77 EUR. On the day, this instrument lost -0.02% with the lowest point at 6,148.89 EUR and the highest point at 6,184.87 EUR. The deviation from the price is +0.10% for the low point and -0.49% for the high point.

6,148.89

6,184.87

6,154.77

Here is a more detailed summary of the historical variations registered by DAX KURSINDEX:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of DAX KURSINDEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	5,298.45	5,693.55	5,945.92	6,154.77	6,330.50	6,873.08
Change (%)	-13.91%	-7.49%	-3.39%	-	+2.86%	+11.67%
Change	-856.32	-461.22	-208.85	-	+175.73	+718.31
Level	Major	Major	Intermediate	-	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6,051.52	6,078.41	6,117.15	6,144.04	6,182.78	6,209.67	6,248.41
Camarilla	6,137.85	6,143.87	6,149.88	6,155.90	6,161.92	6,167.93	6,173.95
Woodie	6,057.46	6,081.37	6,123.09	6,147.00	6,188.72	6,212.63	6,254.35
Fibonacci	6,078.41	6,103.48	6,118.97	6,144.04	6,169.11	6,184.60	6,209.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,540.84	5,627.23	5,799.94	5,886.33	6,059.04	6,145.43	6,318.14
Camarilla	5,901.39	5,925.14	5,948.89	5,972.64	5,996.39	6,020.14	6,043.89
Woodie	5,583.99	5,648.81	5,843.09	5,907.91	6,102.19	6,167.01	6,361.29
Fibonacci	5,627.23	5,726.21	5,787.36	5,886.33	5,985.31	6,046.46	6,145.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,192.03	5,415.03	5,553.53	5,776.53	5,915.03	6,138.03	6,276.53
Camarilla	5,592.62	5,625.76	5,658.89	5,692.03	5,725.17	5,758.31	5,791.44
Woodie	5,149.78	5,393.91	5,511.28	5,755.41	5,872.78	6,116.91	6,234.28
Fibonacci	5,415.03	5,553.12	5,638.44	5,776.53	5,914.62	5,999.94	6,138.03

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	71.54
MACD (12,26,9):	94.5900
Directional Movement:	34.36
AROON (14):	78.57
DEMA (21):	6,030.35
Parabolic SAR (0,02-0,02-0,2):	5,857.78
Elder Ray (13):	190.85
Super Trend (3,10):	5,956.71
Zig ZAG (10):	6,155.13
VORTEX (21):	1.0600
Stochastique (14,3,5):	96.52
TEMA (21):	6,077.63
Williams %R (14):	-5.61
Chande Momentum Oscillator (20):	462.14
Repulse (5,40,3):	1.4600
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	11.72

MA7:	6,055.09
MA20:	5,846.09
MA50:	5,836.54
MA100:	5,522.41
MAexp7:	6,057.97
MAexp20:	5,923.41
MAexp50:	5,788.59
MAexp100:	5,675.11
Price / MA7:	+1.65%
Price / MA20:	+5.28%
Price / MA50:	+5.45%
Price / MA100:	+11.45%
Price / MAexp7:	+1.60%
Price / MAexp20:	+3.91%
Price / MAexp50:	+6.33%
Price / MAexp100:	+8.45%

Quotes : - 15 min delayed data - Germany Indices

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

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