SDAX50 PERF INDEX - 1H - Technical analysis published on 12/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 13,526.11 EUR
My targets
13,803.64 EUR (+0.53%)
14,127.45 EUR (+2.89%)
My analysis
The bullish trend is currently very strong on SDAX50 PERF INDEX. As long as the price remains above the support at 13,526.11 EUR, you could try to benefit from the boom. The first bullish objective is located at 13,803.64 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14,127.45 EUR as an objective. Crossing it would then enable buyers to target 14,708.13 EUR. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SDAX50 PERF INDEX price is 13,730.37 EUR. The price has increased by +1.13% since the last closing with the lowest point at 13,563.95 EUR and the highest point at 13,732.55 EUR. The deviation from the price is +1.23% for the low point and -0.02% for the high point.13,563.95
13,732.55
13,730.37
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SDAX50 PERF INDEX chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13,265.66 | 13,526.11 | 13,728.41 | 13,730.37 | 13,803.64 | 14,708.13 | 15,864.01 |
| Change (%) | -3.38% | -1.49% | -0.01% | - | +0.53% | +7.12% | +15.54% |
| Change | -464.71 | -204.26 | -1.96 | - | +73.27 | +977.76 | +2,133.64 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,462.67 | 13,488.21 | 13,532.34 | 13,557.88 | 13,602.01 | 13,627.55 | 13,671.68 |
| Camarilla | 13,557.31 | 13,563.70 | 13,570.08 | 13,576.47 | 13,582.86 | 13,589.24 | 13,595.63 |
| Woodie | 13,471.97 | 13,492.86 | 13,541.64 | 13,562.53 | 13,611.31 | 13,632.20 | 13,680.98 |
| Fibonacci | 13,488.21 | 13,514.82 | 13,531.27 | 13,557.88 | 13,584.49 | 13,600.94 | 13,627.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,564.42 | 12,819.41 | 13,218.44 | 13,473.43 | 13,872.46 | 14,127.45 | 14,526.48 |
| Camarilla | 13,437.63 | 13,497.58 | 13,557.53 | 13,617.48 | 13,677.43 | 13,737.38 | 13,797.34 |
| Woodie | 12,636.45 | 12,855.42 | 13,290.47 | 13,509.44 | 13,944.49 | 14,163.46 | 14,598.51 |
| Fibonacci | 12,819.41 | 13,069.24 | 13,223.59 | 13,473.43 | 13,723.26 | 13,877.61 | 14,127.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,193.69 | 11,698.97 | 12,391.86 | 12,897.14 | 13,590.03 | 14,095.31 | 14,788.20 |
| Camarilla | 12,755.24 | 12,865.08 | 12,974.91 | 13,084.74 | 13,194.57 | 13,304.41 | 13,414.24 |
| Woodie | 11,287.49 | 11,745.87 | 12,485.66 | 12,944.04 | 13,683.83 | 14,142.21 | 14,882.00 |
| Fibonacci | 11,698.97 | 12,156.67 | 12,439.44 | 12,897.14 | 13,354.84 | 13,637.61 | 14,095.31 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 68.16 | |
| MACD (12,26,9): | 64.6100 | |
| Directional Movement: | 14.40 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 13,716.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,580.85 | |
| Elder Ray (13): | 43.95 | |
| Super Trend (3,10): | 13,587.50 | |
| Zig ZAG (10): | 13,712.13 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 88.82 | |
| TEMA (21): | 13,710.83 | |
| Williams %R (14): | -10.63 | |
| Chande Momentum Oscillator (20): | 163.93 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.57 |
| MA7: | 13,415.65 | |
| MA20: | 13,219.01 | |
| MA50: | 12,884.90 | |
| MA100: | 12,973.09 | |
| MAexp7: | 13,690.42 | |
| MAexp20: | 13,628.58 | |
| MAexp50: | 13,499.78 | |
| MAexp100: | 13,370.81 | |
| Price / MA7: | +2.35% | |
| Price / MA20: | +3.87% | |
| Price / MA50: | +6.56% | |
| Price / MA100: | +5.84% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.75% | |
| Price / MAexp50: | +1.71% | |
| Price / MAexp100: | +2.69% |
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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