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 07/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 6,205.67 EUR

My targets

6,660.81 EUR (+4.40%)

6,873.08 EUR (+7.73%)

My analysis

The bullish trend is currently very strong on DAX KURSINDEX. As long as the price remains above the support at 6,205.67 EUR, you could try to benefit from the boom. The first bullish objective is located at 6,660.81 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6,873.08 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.1

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 rating is 6,379.95 EUR. On the day, this instrument lost -0.02% and was between 6,361.06 EUR and 6,426.60 EUR. This implies that the price is at +0.30% from its lowest and at -0.73% from its highest.

6,361.06

6,426.60

6,379.95

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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:

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 strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	6,004.68	6,205.67	6,330.89	6,379.95	6,873.08
Change (%)	-5.88%	-2.73%	-0.77%	-	+7.73%
Change	-375.27	-174.28	-49.06	-	+493.13
Level	Major	Major	Major	-	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6,310.85	6,327.20	6,354.05	6,370.40	6,397.25	6,413.60	6,440.45
Camarilla	6,369.03	6,372.99	6,376.95	6,380.91	6,384.87	6,388.83	6,392.79
Woodie	6,316.11	6,329.83	6,359.31	6,373.03	6,402.51	6,416.23	6,445.71
Fibonacci	6,327.20	6,343.70	6,353.89	6,370.40	6,386.90	6,397.09	6,413.60

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,961.48	6,056.44	6,214.64	6,309.60	6,467.80	6,562.76	6,720.96
Camarilla	6,303.22	6,326.43	6,349.63	6,372.84	6,396.05	6,419.25	6,442.46
Woodie	5,993.10	6,072.25	6,246.26	6,325.41	6,499.42	6,578.57	6,752.58
Fibonacci	6,056.44	6,153.15	6,212.89	6,309.60	6,406.31	6,466.05	6,562.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,952.07	6,086.49	6,239.23	6,373.65	6,526.39	6,660.81	6,813.55
Camarilla	6,313.01	6,339.33	6,365.66	6,391.98	6,418.30	6,444.63	6,470.95
Woodie	5,961.24	6,091.07	6,248.40	6,378.23	6,535.56	6,665.39	6,822.72
Fibonacci	6,086.49	6,196.18	6,263.95	6,373.65	6,483.34	6,551.11	6,660.81

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):	55.16
MACD (12,26,9):	5.1500
Directional Movement:	7.03
AROON (14):	57.14
DEMA (21):	6,329.23
Parabolic SAR (0,02-0,02-0,2):	6,163.48
Elder Ray (13):	60.80
Super Trend (3,10):	6,200.84
Zig ZAG (10):	6,379.48
VORTEX (21):	0.9600
Stochastique (14,3,5):	85.05
TEMA (21):	6,342.13
Williams %R (14):	-15.01
Chande Momentum Oscillator (20):	16.56
Repulse (5,40,3):	0.4800
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.71

MA7:	6,352.54
MA20:	6,307.62
MA50:	6,335.98
MA100:	6,323.93
MAexp7:	6,350.57
MAexp20:	6,328.97
MAexp50:	6,329.30
MAexp100:	6,274.18
Price / MA7:	+0.43%
Price / MA20:	+1.15%
Price / MA50:	+0.69%
Price / MA100:	+0.89%
Price / MAexp7:	+0.46%
Price / MAexp20:	+0.81%
Price / MAexp50:	+0.80%
Price / MAexp100:	+1.69%

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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