MICRO DAX FULL0624 - 1H - Technical analysis published on 09/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 12,004.00 EUR
My targets
11,723.00 EUR (-2.02%)
11,331.50 EUR (-5.29%)
My analysis
The bearish trend is currently very strong for MICRO DAX FULL1222. As long as the price remains below the resistance at 12,004.00 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 11,723.00 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11,331.50 EUR as an objective. Crossing it would then enable sellers to target 10,180.70 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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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
MICRO DAX FULL1222 rating 11,965.00 EUR. On the day, this instrument lost -1.66% and was between 11,930.00 EUR and 12,170.00 EUR. This implies that the price is at +0.29% from its lowest and at -1.68% from its highest.11,930.00
12,170.00
11,965.00
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
Here is a more detailed summary of the historical variations registered by MICRO DAX FULL1222:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MICRO DAX FULL1222 chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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 technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,285.54 | 10,180.70 | 11,331.50 | 11,965.00 | 12,004.00 | 12,173.50 | 12,609.50 |
| Change (%) | -30.75% | -14.91% | -5.29% | - | +0.33% | +1.74% | +5.39% |
| Change | -3,679.46 | -1,784.30 | -633.50 | - | +39.00 | +208.50 | +644.50 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | 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 | 11,539.33 | 11,771.67 | 11,969.33 | 12,201.67 | 12,399.33 | 12,631.67 | 12,829.33 |
| Camarilla | 12,048.75 | 12,088.17 | 12,127.58 | 12,167.00 | 12,206.42 | 12,245.83 | 12,285.25 |
| Woodie | 11,522.00 | 11,763.00 | 11,952.00 | 12,193.00 | 12,382.00 | 12,623.00 | 12,812.00 |
| Fibonacci | 11,771.67 | 11,935.93 | 12,037.41 | 12,201.67 | 12,365.93 | 12,467.41 | 12,631.67 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.55 | |
| MACD (12,26,9): | -76.0700 | |
| Directional Movement: | -15.15 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 12,021.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,129.87 | |
| Elder Ray (13): | -70.73 | |
| Super Trend (3,10): | 12,235.69 | |
| Zig ZAG (10): | 12,016.00 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 14.71 | |
| TEMA (21): | 11,989.92 | |
| Williams %R (14): | -77.66 | |
| Chande Momentum Oscillator (20): | -63.00 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 3.75 |
| MA7: | 12,368.29 | |
| MA20: | 12,711.10 | |
| MA50: | 13,090.82 | |
| MA100: | 13,282.20 | |
| MAexp7: | 12,023.86 | |
| MAexp20: | 12,116.34 | |
| MAexp50: | 12,230.47 | |
| MAexp100: | 12,372.92 | |
| Price / MA7: | -3.26% | |
| Price / MA20: | -5.87% | |
| Price / MA50: | -8.60% | |
| Price / MA100: | -9.92% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -1.27% | |
| Price / MAexp50: | -2.19% | |
| Price / MAexp100: | -3.31% |
Quotes :
-
15 min delayed data
-
EUREX Futures Micro
This member declared not having a position on this financial instrument or a related financial instrument.
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