MICRO DAX FULL0624 - 15 min. - Technical analysis published on 05/24/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 16,198.33 EUR
My targets
15,870.67 EUR (-0.81%)
15,840.00 EUR (-1.00%)
My analysis
The bearish trend is currently very strong for MICRO DAX FULL0623. As long as the price remains below the resistance at 16,198.33 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 15,870.67 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15,840.00 EUR as an objective. Crossing it would then enable sellers to target 14,787.90 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.3
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This analysis was given by ASvekris. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO DAX FULL0623 rating is 16,000.00 EUR. The price registered a decrease of -1.16% on the session and was traded between 15,945.00 EUR and 16,129.00 EUR over the period. The price is currently at +0.34% from its lowest and -0.80% from its highest.15,945.00
16,129.00
16,000.00
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MICRO DAX FULL0623 in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Long white line
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,840.00 | 15,905.60 | 15,993.80 | 16,000.00 | 16,035.70 | 16,134.00 | 16,228.00 |
| Change (%) | -1.00% | -0.59% | -0.04% | - | +0.22% | +0.84% | +1.43% |
| Change | -160.00 | -94.40 | -6.20 | - | +35.70 | +134.00 | +228.00 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | 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 | 15,870.67 | 15,983.33 | 16,085.67 | 16,198.33 | 16,300.67 | 16,413.33 | 16,515.67 |
| Camarilla | 16,128.88 | 16,148.58 | 16,168.29 | 16,188.00 | 16,207.71 | 16,227.42 | 16,247.13 |
| Woodie | 15,865.50 | 15,980.75 | 16,080.50 | 16,195.75 | 16,295.50 | 16,410.75 | 16,510.50 |
| Fibonacci | 15,983.33 | 16,065.46 | 16,116.20 | 16,198.33 | 16,280.46 | 16,331.20 | 16,413.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,562.67 | 15,733.33 | 16,033.67 | 16,204.33 | 16,504.67 | 16,675.33 | 16,975.67 |
| Camarilla | 16,204.48 | 16,247.65 | 16,290.83 | 16,334.00 | 16,377.18 | 16,420.35 | 16,463.53 |
| Woodie | 15,627.50 | 15,765.75 | 16,098.50 | 16,236.75 | 16,569.50 | 16,707.75 | 17,040.50 |
| Fibonacci | 15,733.33 | 15,913.26 | 16,024.41 | 16,204.33 | 16,384.26 | 16,495.41 | 16,675.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,315.67 | 15,471.33 | 15,768.67 | 15,924.33 | 16,221.67 | 16,377.33 | 16,674.67 |
| Camarilla | 15,941.43 | 15,982.95 | 16,024.48 | 16,066.00 | 16,107.53 | 16,149.05 | 16,190.58 |
| Woodie | 15,386.50 | 15,506.75 | 15,839.50 | 15,959.75 | 16,292.50 | 16,412.75 | 16,745.50 |
| Fibonacci | 15,471.33 | 15,644.38 | 15,751.29 | 15,924.33 | 16,097.38 | 16,204.29 | 16,377.33 |
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): | 26.09 | |
| MACD (12,26,9): | -40.4400 | |
| Directional Movement: | -26.98 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 15,997.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 16,042.06 | |
| Elder Ray (13): | -44.78 | |
| Super Trend (3,10): | 16,038.57 | |
| Zig ZAG (10): | 15,970.00 | |
| VORTEX (21): | 0.6600 | |
| Stochastique (14,3,5): | 15.02 | |
| TEMA (21): | 15,975.26 | |
| Williams %R (14): | -83.89 | |
| Chande Momentum Oscillator (20): | -145.00 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.50 |
| MA7: | 16,138.57 | |
| MA20: | 16,025.40 | |
| MA50: | 15,771.56 | |
| MA100: | 15,580.13 | |
| MAexp7: | 15,994.57 | |
| MAexp20: | 16,047.01 | |
| MAexp50: | 16,101.65 | |
| MAexp100: | 16,152.68 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | +1.45% | |
| Price / MA100: | +2.69% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.63% | |
| Price / MAexp100: | -0.95% |
Quotes :
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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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