HDAX110 PERF INDEX - Daily - Technical analysis published on 07/20/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 7,389.52 EUR
My targets
7,126.45 EUR (-2.44%)
6,808.84 EUR (-6.78%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on HDAX110 PERF INDEX. As long as you are under the resistance located at 7,389.52 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 7,126.45 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 6,808.84 EUR as an objective. Crossing it would then enable sellers to target 6,429.35 EUR. If the resistance 7,389.52 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HDAX110 PERF INDEX rating 7,304.40 EUR. The price registered a decrease of -0.05% on the session with the lowest point at 7,226.14 EUR and the highest point at 7,355.79 EUR. The deviation from the price is +1.08% for the low point and -0.70% for the high point.7,226.14
7,355.79
7,304.40
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this HDAX110 PERF INDEX chart shows a bearish trend. 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 scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,429.35 | 6,808.84 | 7,126.45 | 7,304.40 | 7,389.52 | 7,698.50 | 8,335.43 |
| Change (%) | -11.98% | -6.78% | -2.44% | - | +1.17% | +5.40% | +14.12% |
| Change | -875.05 | -495.56 | -177.95 | - | +85.12 | +394.10 | +1,031.03 |
| Level | Major | Intermediate | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,847.98 | 6,947.36 | 7,127.58 | 7,226.96 | 7,407.18 | 7,506.56 | 7,686.78 |
| Camarilla | 7,230.90 | 7,256.53 | 7,282.16 | 7,307.79 | 7,333.42 | 7,359.05 | 7,384.68 |
| Woodie | 6,888.39 | 6,967.57 | 7,167.99 | 7,247.17 | 7,447.59 | 7,526.77 | 7,727.19 |
| Fibonacci | 6,947.36 | 7,054.17 | 7,120.16 | 7,226.96 | 7,333.77 | 7,399.76 | 7,506.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,611.29 | 6,723.08 | 6,893.17 | 7,004.96 | 7,175.05 | 7,286.84 | 7,456.93 |
| Camarilla | 6,985.73 | 7,011.57 | 7,037.41 | 7,063.25 | 7,089.09 | 7,114.93 | 7,140.77 |
| Woodie | 6,640.43 | 6,737.66 | 6,922.31 | 7,019.54 | 7,204.19 | 7,301.42 | 7,486.07 |
| Fibonacci | 6,723.08 | 6,830.76 | 6,897.29 | 7,004.96 | 7,112.64 | 7,179.17 | 7,286.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,432.91 | 6,188.31 | 6,611.09 | 7,366.49 | 7,789.27 | 8,544.67 | 8,967.45 |
| Camarilla | 6,709.87 | 6,817.87 | 6,925.87 | 7,033.87 | 7,141.87 | 7,249.87 | 7,357.87 |
| Woodie | 5,266.60 | 6,105.16 | 6,444.78 | 7,283.34 | 7,622.96 | 8,461.52 | 8,801.14 |
| Fibonacci | 6,188.31 | 6,638.38 | 6,916.43 | 7,366.49 | 7,816.56 | 8,094.61 | 8,544.67 |
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): | 53.36 | |
| MACD (12,26,9): | -74.4200 | |
| Directional Movement: | -0.73 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 7,037.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,877.10 | |
| Elder Ray (13): | 156.34 | |
| Super Trend (3,10): | 7,373.90 | |
| Zig ZAG (10): | 7,303.33 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 86.88 | |
| TEMA (21): | 7,087.31 | |
| Williams %R (14): | -9.71 | |
| Chande Momentum Oscillator (20): | 284.48 | |
| Repulse (5,40,3): | 3.6200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2700 | |
| Courbe Coppock: | 0.25 |
| MA7: | 7,110.59 | |
| MA20: | 7,097.30 | |
| MA50: | 7,458.50 | |
| MA100: | 7,624.22 | |
| MAexp7: | 7,159.77 | |
| MAexp20: | 7,166.13 | |
| MAexp50: | 7,373.75 | |
| MAexp100: | 7,635.57 | |
| Price / MA7: | +2.73% | |
| Price / MA20: | +2.92% | |
| Price / MA50: | -2.07% | |
| Price / MA100: | -4.19% | |
| Price / MAexp7: | +2.02% | |
| Price / MAexp20: | +1.93% | |
| Price / MAexp50: | -0.94% | |
| Price / MAexp100: | -4.34% |
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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