HDAX110 PERF INDEX - 1H - Technical analysis published on 03/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 8,448.56 EUR
My targets
8,569.79 EUR (+0.60%)
8,804.27 EUR (+3.35%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HDAX110 PERF INDEX as long as the price remains well above 8,448.56 EUR. The buyers' bullish objective is set at 8,569.79 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8,804.27 EUR. If there is any crossing, the next objective would be the resistance located at 9,053.08 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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Additional analysis
Quotes
HDAX110 PERF INDEX rating 8,518.66 EUR. The price registered a decrease of -0.01% on the session and was between 8,454.54 EUR and 8,526.39 EUR. This implies that the price is at +0.76% from its lowest and at -0.09% from its highest.8,454.54
8,526.39
8,518.66
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of HDAX110 PERF INDEX in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,308.86 | 8,335.43 | 8,448.56 | 8,518.66 | 8,524.77 | 8,569.79 | 9,053.08 |
| Change (%) | -2.46% | -2.15% | -0.82% | - | +0.07% | +0.60% | +6.27% |
| Change | -209.80 | -183.23 | -70.10 | - | +6.11 | +51.13 | +534.42 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | 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 | 8,398.15 | 8,429.22 | 8,474.16 | 8,505.23 | 8,550.17 | 8,581.24 | 8,626.18 |
| Camarilla | 8,498.20 | 8,505.17 | 8,512.13 | 8,519.10 | 8,526.07 | 8,533.04 | 8,540.00 |
| Woodie | 8,405.09 | 8,432.69 | 8,481.10 | 8,508.70 | 8,557.11 | 8,584.71 | 8,633.12 |
| Fibonacci | 8,429.22 | 8,458.26 | 8,476.19 | 8,505.23 | 8,534.27 | 8,552.20 | 8,581.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,117.84 | 8,195.94 | 8,346.65 | 8,424.75 | 8,575.46 | 8,653.56 | 8,804.27 |
| Camarilla | 8,434.44 | 8,455.41 | 8,476.39 | 8,497.36 | 8,518.33 | 8,539.31 | 8,560.28 |
| Woodie | 8,154.15 | 8,214.09 | 8,382.96 | 8,442.90 | 8,611.77 | 8,671.71 | 8,840.58 |
| Fibonacci | 8,195.94 | 8,283.35 | 8,337.35 | 8,424.75 | 8,512.16 | 8,566.16 | 8,653.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,962.72 | 8,112.56 | 8,248.82 | 8,398.66 | 8,534.92 | 8,684.76 | 8,821.02 |
| Camarilla | 8,306.39 | 8,332.62 | 8,358.84 | 8,385.07 | 8,411.30 | 8,437.52 | 8,463.75 |
| Woodie | 7,955.92 | 8,109.17 | 8,242.02 | 8,395.27 | 8,528.12 | 8,681.37 | 8,814.22 |
| Fibonacci | 8,112.56 | 8,221.85 | 8,289.37 | 8,398.66 | 8,507.95 | 8,575.47 | 8,684.76 |
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): | 52.72 | |
| MACD (12,26,9): | -1.2600 | |
| Directional Movement: | 1.73 | |
| AROON (14): | -28.58 | |
| DEMA (21): | 8,497.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,454.54 | |
| Elder Ray (13): | 19.50 | |
| Super Trend (3,10): | 8,534.27 | |
| Zig ZAG (10): | 8,506.28 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 56.20 | |
| TEMA (21): | 8,485.10 | |
| Williams %R (14): | -37.52 | |
| Chande Momentum Oscillator (20): | 11.52 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.23 |
| MA7: | 8,467.14 | |
| MA20: | 8,424.99 | |
| MA50: | 8,276.31 | |
| MA100: | 7,929.99 | |
| MAexp7: | 8,495.03 | |
| MAexp20: | 8,497.05 | |
| MAexp50: | 8,482.64 | |
| MAexp100: | 8,457.94 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +2.93% | |
| Price / MA100: | +7.42% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.72% |
Quotes :
-
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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