DAX KURSINDEX - Daily - Technical analysis published on 03/23/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
50%
28%
22%
My opinion
Bullish above 5,942.44 EUR
My targets
6,330.89 EUR (+2.11%)
6,873.08 EUR (+10.85%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DAX KURSINDEX. As long as you are above the support located at 5,942.44 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 6,330.89 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 6,873.08 EUR as an objective. If the support 5,942.44 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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 rating is 6,200.21 EUR. The price is lower by -0.03% since the last closing with the lowest point at 6,146.02 EUR and the highest point at 6,213.52 EUR. The deviation from the price is +0.88% for the low point and -0.21% for the high point.6,146.02
6,213.52
6,200.21
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DAX KURSINDEX chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 4 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,298.45 | 5,687.91 | 5,942.44 | 6,200.21 | 6,202.61 | 6,330.89 | 6,873.08 |
| Change (%) | -14.54% | -8.26% | -4.16% | - | +0.04% | +2.11% | +10.85% |
| Change | -901.76 | -512.30 | -257.77 | - | +2.40 | +130.68 | +672.87 |
| Level | Major | Major | Intermediate | - | Major | 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 | 6,123.88 | 6,152.93 | 6,177.49 | 6,206.54 | 6,231.10 | 6,260.15 | 6,284.71 |
| Camarilla | 6,187.31 | 6,192.22 | 6,197.14 | 6,202.05 | 6,206.96 | 6,211.88 | 6,216.79 |
| Woodie | 6,121.64 | 6,151.81 | 6,175.25 | 6,205.42 | 6,228.86 | 6,259.03 | 6,282.47 |
| Fibonacci | 6,152.93 | 6,173.41 | 6,186.06 | 6,206.54 | 6,227.02 | 6,239.67 | 6,260.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,586.50 | 5,781.81 | 5,900.63 | 6,095.94 | 6,214.76 | 6,410.07 | 6,528.89 |
| Camarilla | 5,933.06 | 5,961.86 | 5,990.66 | 6,019.45 | 6,048.25 | 6,077.04 | 6,105.84 |
| Woodie | 5,548.26 | 5,762.69 | 5,862.39 | 6,076.82 | 6,176.52 | 6,390.95 | 6,490.65 |
| Fibonacci | 5,781.81 | 5,901.81 | 5,975.94 | 6,095.94 | 6,215.94 | 6,290.07 | 6,410.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,933.73 | 6,054.94 | 6,158.87 | 6,280.08 | 6,384.01 | 6,505.22 | 6,609.15 |
| Camarilla | 6,200.89 | 6,221.52 | 6,242.16 | 6,262.80 | 6,283.44 | 6,304.08 | 6,324.71 |
| Woodie | 5,925.09 | 6,050.62 | 6,150.23 | 6,275.76 | 6,375.37 | 6,500.90 | 6,600.51 |
| Fibonacci | 6,054.94 | 6,140.94 | 6,194.08 | 6,280.08 | 6,366.08 | 6,419.22 | 6,505.22 |
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): | 49.91 | |
| MACD (12,26,9): | -25.0200 | |
| Directional Movement: | -11.10 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 6,175.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,235.59 | |
| Elder Ray (13): | -3.52 | |
| Super Trend (3,10): | 6,387.38 | |
| Zig ZAG (10): | 6,210.55 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 60.61 | |
| TEMA (21): | 6,125.95 | |
| Williams %R (14): | -37.88 | |
| Chande Momentum Oscillator (20): | -131.72 | |
| Repulse (5,40,3): | 1.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 4.88 |
| MA7: | 6,116.60 | |
| MA20: | 6,221.84 | |
| MA50: | 6,233.90 | |
| MA100: | 6,027.34 | |
| MAexp7: | 6,167.95 | |
| MAexp20: | 6,199.40 | |
| MAexp50: | 6,165.61 | |
| MAexp100: | 6,023.31 | |
| Price / MA7: | +1.37% | |
| Price / MA20: | -0.35% | |
| Price / MA50: | -0.54% | |
| Price / MA100: | +2.87% | |
| Price / MAexp7: | +0.52% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +2.94% |
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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