MICRO DAX FULL0624 - 1H - Technical analysis published on 09/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Neutral between 12,173.50 EUR and 12,609.50 EUR
My targets
-
My analysis
The strong short-term increase on MICRO DAX FULL1222 is in contrast to the bearish trend. Buyers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a rebound. Has an economic announcement impacting the basics been published? As long as the price remains above 12,173.50 EUR, you could take advantage of the short-term boom. The first bullish objective would be 12,609.50 EUR. Then the price could move towards 12,890.50 EUR. Then 13,137.60 EUR by extension. Attention should be paid to the reaction of the price on these resistances to see if the sellers show up. Be careful, a return below 12,173.50 EUR could be a sign of a reversal of the bearish trend.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by sven-pro-trader. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO DAX FULL1222 price is 12,403.00 EUR. The price registered an increase of +1.17% on the session with the lowest point at 12,256.00 EUR and the highest point at 12,417.00 EUR. The deviation from the price is +1.20% for the low point and -0.11% for the high point.12,256.00
12,417.00
12,403.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MICRO DAX FULL1222 indicates that the overall trend is bearish. The signals given by the moving averages are at 64.29% bearish. This bearish trend could quickly slow down given the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,180.70 | 11,331.50 | 12,173.50 | 12,403.00 | 12,609.50 | 12,890.50 | 13,137.60 |
| Change (%) | -17.92% | -8.64% | -1.85% | - | +1.66% | +3.93% | +5.92% |
| Change | -2,222.30 | -1,071.50 | -229.50 | - | +206.50 | +487.50 | +734.60 |
| Level | Intermediate | Intermediate | Major | - | Major | Major | Minor |
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 | 11,960.33 | 12,072.67 | 12,166.33 | 12,278.67 | 12,372.33 | 12,484.67 | 12,578.33 |
| Camarilla | 12,203.35 | 12,222.23 | 12,241.12 | 12,260.00 | 12,278.88 | 12,297.77 | 12,316.65 |
| Woodie | 11,951.00 | 12,068.00 | 12,157.00 | 12,274.00 | 12,363.00 | 12,480.00 | 12,569.00 |
| Fibonacci | 12,072.67 | 12,151.36 | 12,199.98 | 12,278.67 | 12,357.36 | 12,405.98 | 12,484.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,248.00 | 11,723.00 | 12,011.00 | 12,486.00 | 12,774.00 | 13,249.00 | 13,537.00 |
| Camarilla | 12,089.18 | 12,159.12 | 12,229.06 | 12,299.00 | 12,368.94 | 12,438.88 | 12,508.83 |
| Woodie | 11,154.50 | 11,676.25 | 11,917.50 | 12,439.25 | 12,680.50 | 13,202.25 | 13,443.50 |
| Fibonacci | 11,723.00 | 12,014.47 | 12,194.53 | 12,486.00 | 12,777.47 | 12,957.53 | 13,249.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,036.33 | 11,842.67 | 12,301.33 | 13,107.67 | 13,566.33 | 14,372.67 | 14,831.33 |
| Camarilla | 12,412.13 | 12,528.08 | 12,644.04 | 12,760.00 | 12,875.96 | 12,991.92 | 13,107.88 |
| Woodie | 10,862.50 | 11,755.75 | 12,127.50 | 13,020.75 | 13,392.50 | 14,285.75 | 14,657.50 |
| Fibonacci | 11,842.67 | 12,325.90 | 12,624.44 | 13,107.67 | 13,590.90 | 13,889.44 | 14,372.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.20 | |
| MACD (12,26,9): | -1.9900 | |
| Directional Movement: | 4.38 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 12,297.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,201.74 | |
| Elder Ray (13): | 37.97 | |
| Super Trend (3,10): | 12,403.10 | |
| Zig ZAG (10): | 12,389.00 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 76.08 | |
| TEMA (21): | 12,341.69 | |
| Williams %R (14): | -2.50 | |
| Chande Momentum Oscillator (20): | 68.00 | |
| Repulse (5,40,3): | 0.9200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.53 |
| MA7: | 12,530.71 | |
| MA20: | 12,759.00 | |
| MA50: | 13,117.60 | |
| MA100: | 13,299.60 | |
| MAexp7: | 12,335.27 | |
| MAexp20: | 12,308.35 | |
| MAexp50: | 12,369.45 | |
| MAexp100: | 12,490.29 | |
| Price / MA7: | -1.02% | |
| Price / MA20: | -2.79% | |
| Price / MA50: | -5.45% | |
| Price / MA100: | -6.74% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | +0.77% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | -0.70% |
Quotes :
-
15 min delayed data
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EUREX Futures Micro
This member declared not having a position on this financial instrument or a related financial instrument.
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