SDAX50 PERF INDEX - Daily - Technical analysis published on 10/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 11,456.50 EUR
My targets
10,461.45 EUR (-3.66%)
10,204.20 EUR (-6.03%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 11,456.50 EUR remains possible. It is advisable to trade SDAX50 PERF INDEX with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 11,456.50 EUR. The next bearish objective for sellers is set at 10,461.45 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10,204.20 EUR. In case of crossing, the next objective would be the support located at 7,994.04 EUR. PS: if there is a bullish break in the resistance located at 11,456.50 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SDAX50 PERF INDEX rating 10,858.48 EUR. The price registered a decrease of -0.08% on the session with the lowest point at 10,665.36 EUR and the highest point at 10,866.61 EUR. The deviation from the price is +1.81% for the low point and -0.07% for the high point.10,665.36
10,866.61
10,858.48
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SDAX50 PERF INDEX indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 6,659.19 | 7,994.04 | 10,204.20 | 10,858.48 | 11,456.50 | 12,711.20 | 13,229.40 |
| Change (%) | -38.67% | -26.38% | -6.03% | - | +5.51% | +17.06% | +21.83% |
| Change | -4,199.29 | -2,864.44 | -654.28 | - | +598.02 | +1,852.72 | +2,370.92 |
| Level | Minor | Major | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,491.10 | 10,579.54 | 10,723.40 | 10,811.84 | 10,955.70 | 11,044.14 | 11,188.00 |
| Camarilla | 10,803.37 | 10,824.66 | 10,845.96 | 10,867.25 | 10,888.54 | 10,909.84 | 10,931.13 |
| Woodie | 10,518.80 | 10,593.40 | 10,751.10 | 10,825.70 | 10,983.40 | 11,058.00 | 11,215.70 |
| Fibonacci | 10,579.54 | 10,668.28 | 10,723.11 | 10,811.84 | 10,900.58 | 10,955.41 | 11,044.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,566.00 | 9,834.37 | 10,193.08 | 10,461.45 | 10,820.16 | 11,088.53 | 11,447.24 |
| Camarilla | 10,379.33 | 10,436.82 | 10,494.30 | 10,551.78 | 10,609.26 | 10,666.75 | 10,724.23 |
| Woodie | 9,611.16 | 9,856.96 | 10,238.24 | 10,484.04 | 10,865.32 | 11,111.12 | 11,492.40 |
| Fibonacci | 9,834.37 | 10,073.92 | 10,221.91 | 10,461.45 | 10,701.00 | 10,848.99 | 11,088.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,757.57 | 8,972.88 | 9,747.78 | 10,963.09 | 11,737.99 | 12,953.30 | 13,728.20 |
| Camarilla | 9,975.38 | 10,157.82 | 10,340.25 | 10,522.69 | 10,705.13 | 10,887.56 | 11,070.00 |
| Woodie | 7,537.38 | 8,862.78 | 9,527.59 | 10,852.99 | 11,517.80 | 12,843.20 | 13,508.01 |
| Fibonacci | 8,972.88 | 9,733.14 | 10,202.83 | 10,963.09 | 11,723.35 | 12,193.04 | 12,953.30 |
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): | 48.96 | |
| MACD (12,26,9): | -153.0100 | |
| Directional Movement: | -9.88 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 10,530.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,154.52 | |
| Elder Ray (13): | 32.48 | |
| Super Trend (3,10): | 11,104.81 | |
| Zig ZAG (10): | 10,864.32 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 75.40 | |
| TEMA (21): | 10,672.91 | |
| Williams %R (14): | -22.59 | |
| Chande Momentum Oscillator (20): | 49.19 | |
| Repulse (5,40,3): | 2.8100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3400 | |
| Courbe Coppock: | 2.13 |
| MA7: | 10,742.21 | |
| MA20: | 10,623.62 | |
| MA50: | 11,402.43 | |
| MA100: | 11,973.26 | |
| MAexp7: | 10,763.58 | |
| MAexp20: | 10,795.35 | |
| MAexp50: | 11,274.21 | |
| MAexp100: | 11,955.43 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | +2.21% | |
| Price / MA50: | -4.77% | |
| Price / MA100: | -9.31% | |
| Price / MAexp7: | +0.88% | |
| Price / MAexp20: | +0.58% | |
| Price / MAexp50: | -3.69% | |
| Price / MAexp100: | -9.18% |
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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