DAX KURSINDEX - Daily - Technical analysis published on 01/27/2023 (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
56%
0%
44%
My opinion
Bullish above 5,945.92 EUR
My targets
6,330.50 EUR (+2.34%)
6,873.08 EUR (+11.12%)
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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX KURSINDEX rating 6,185.52 EUR. The price is lower by -0.01% since the last closing and was traded between 6,163.80 EUR and 6,208.31 EUR over the period. The price is currently at +0.35% from its lowest and -0.37% from its highest.6,163.80
6,208.31
6,185.52
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DAX KURSINDEX in Daily shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,298.45 | 5,687.91 | 5,945.92 | 6,185.52 | 6,208.54 | 6,330.50 | 6,873.08 |
| Change (%) | -14.34% | -8.04% | -3.87% | - | +0.37% | +2.34% | +11.12% |
| Change | -887.07 | -497.61 | -239.60 | - | +23.02 | +144.98 | +687.56 |
| Level | Major | Major | Intermediate | - | Major | 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 | 6,132.49 | 6,146.33 | 6,166.35 | 6,180.19 | 6,200.21 | 6,214.05 | 6,234.07 |
| Camarilla | 6,177.07 | 6,180.17 | 6,183.28 | 6,186.38 | 6,189.48 | 6,192.59 | 6,195.69 |
| Woodie | 6,135.59 | 6,147.88 | 6,169.45 | 6,181.74 | 6,203.31 | 6,215.60 | 6,237.17 |
| Fibonacci | 6,146.33 | 6,159.26 | 6,167.25 | 6,180.19 | 6,193.12 | 6,201.11 | 6,214.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,930.35 | 6,012.05 | 6,078.92 | 6,160.62 | 6,227.49 | 6,309.19 | 6,376.06 |
| Camarilla | 6,104.93 | 6,118.55 | 6,132.17 | 6,145.79 | 6,159.41 | 6,173.03 | 6,186.65 |
| Woodie | 5,922.94 | 6,008.34 | 6,071.51 | 6,156.91 | 6,220.08 | 6,305.48 | 6,368.65 |
| Fibonacci | 6,012.05 | 6,068.80 | 6,103.87 | 6,160.62 | 6,217.37 | 6,252.44 | 6,309.19 |
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): | 65.93 | |
| MACD (12,26,9): | 95.2700 | |
| Directional Movement: | 20.07 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 6,207.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,237.46 | |
| Elder Ray (13): | 55.23 | |
| Super Trend (3,10): | 6,022.97 | |
| Zig ZAG (10): | 6,181.99 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 77.05 | |
| TEMA (21): | 6,230.27 | |
| Williams %R (14): | -26.71 | |
| Chande Momentum Oscillator (20): | 69.14 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 7.56 |
| MA7: | 6,160.73 | |
| MA20: | 6,079.95 | |
| MA50: | 5,927.03 | |
| MA100: | 5,613.03 | |
| MAexp7: | 6,167.95 | |
| MAexp20: | 6,081.59 | |
| MAexp50: | 5,915.47 | |
| MAexp100: | 5,765.44 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +1.74% | |
| Price / MA50: | +4.36% | |
| Price / MA100: | +10.20% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +1.71% | |
| Price / MAexp50: | +4.57% | |
| Price / MAexp100: | +7.29% |
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.
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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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