DAX KURSINDEX - 1H - Technical analysis published on 03/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 6,067.91 EUR
My targets
6,330.89 EUR (+2.12%)
6,401.74 EUR (+3.26%)
My analysis
A bullish trend on DAX KURSINDEX both in substance and in the short term. A purchase could be considered as long as the price remains above 6,067.91 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 6,330.89 EUR. Then the price could move towards 6,401.74 EUR. Then 6,873.08 EUR by extension. Be careful, a return below 6,067.91 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.1
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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 6,199.68 EUR. The price registered a decrease of -0.04% on the session with the lowest point at 6,146.02 EUR and the highest point at 6,213.52 EUR. The deviation from the price is +0.87% for the low point and -0.22% for the high point.6,146.02
6,213.52
6,199.68
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 1H of this DAX KURSINDEX chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,942.44 | 5,993.34 | 6,067.91 | 6,199.68 | 6,202.61 | 6,330.89 | 6,401.74 |
| Change (%) | -4.15% | -3.33% | -2.13% | - | +0.05% | +2.12% | +3.26% |
| Change | -257.24 | -206.34 | -131.77 | - | +2.93 | +131.21 | +202.06 |
| Level | Intermediate | Minor | Minor | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,091.79 | 6,118.91 | 6,159.29 | 6,186.41 | 6,226.79 | 6,253.91 | 6,294.29 |
| Camarilla | 6,181.12 | 6,187.31 | 6,193.49 | 6,199.68 | 6,205.87 | 6,212.06 | 6,218.24 |
| Woodie | 6,098.43 | 6,122.23 | 6,165.93 | 6,189.73 | 6,233.43 | 6,257.23 | 6,300.93 |
| Fibonacci | 6,118.91 | 6,144.69 | 6,160.62 | 6,186.41 | 6,212.19 | 6,228.12 | 6,253.91 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.89 | |
| MACD (12,26,9): | 13.1700 | |
| Directional Movement: | 0.77 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 6,210.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,149.92 | |
| Elder Ray (13): | 8.74 | |
| Super Trend (3,10): | 6,231.81 | |
| Zig ZAG (10): | 6,199.68 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 66.79 | |
| TEMA (21): | 6,206.07 | |
| Williams %R (14): | -39.39 | |
| Chande Momentum Oscillator (20): | -26.58 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.70 |
| MA7: | 6,115.42 | |
| MA20: | 6,221.69 | |
| MA50: | 6,233.85 | |
| MA100: | 6,027.33 | |
| MAexp7: | 6,197.75 | |
| MAexp20: | 6,189.84 | |
| MAexp50: | 6,167.03 | |
| MAexp100: | 6,177.86 | |
| Price / MA7: | +1.38% | |
| Price / MA20: | -0.35% | |
| Price / MA50: | -0.55% | |
| Price / MA100: | +2.86% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.53% | |
| Price / MAexp100: | +0.35% |
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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