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 01/27/2023 (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

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:
15 min. 1H Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard6,132.496,146.336,166.356,180.196,200.216,214.056,234.07
Camarilla6,177.076,180.176,183.286,186.386,189.486,192.596,195.69
Woodie6,135.596,147.886,169.456,181.746,203.316,215.606,237.17
Fibonacci6,146.336,159.266,167.256,180.196,193.126,201.116,214.05


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,930.356,012.056,078.926,160.626,227.496,309.196,376.06
Camarilla6,104.936,118.556,132.176,145.796,159.416,173.036,186.65
Woodie5,922.946,008.346,071.516,156.916,220.086,305.486,368.65
Fibonacci6,012.056,068.806,103.876,160.626,217.376,252.446,309.19


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,192.035,415.035,553.535,776.535,915.036,138.036,276.53
Camarilla5,592.625,625.765,658.895,692.035,725.175,758.315,791.44
Woodie5,149.785,393.915,511.285,755.415,872.786,116.916,234.28
Fibonacci5,415.035,553.125,638.445,776.535,914.625,999.946,138.03

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 : - 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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