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MDAX50 PERF INDEX
MDAX50 PERF INDEX
- EUR (-)
- 15 min delayed data - Germany Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: MDAX
ISIN: DE000A0Z3ND6

MDAX50 PERF INDEX - 1H - Technical analysis published on 07/10/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 27,259.60 EUR
My targets
26,902.20 EUR (-0.41%)
26,731.00 EUR (-1.04%)
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 27,259.60 EUR remains possible. It is advisable to trade MDAX50 PERF INDEX with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 27,259.60 EUR. The next bearish objective for sellers is set at 26,902.20 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 26,731.00 EUR. In case of crossing, the next objective would be the support located at 26,555.40 EUR. PS: if there is a bullish break in the resistance located at 27,259.60 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.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

MDAX50 PERF INDEX rating 27,012.20 EUR. The price registered a decrease of -0.01% on the session with the lowest point at 26,850.14 EUR and the highest point at 27,031.19 EUR. The deviation from the price is +0.60% for the low point and -0.07% for the high point.

26,850.14
27,031.19
27,012.20

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of MDAX50 PERF INDEX indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 26,555.40 26,731.00 26,902.20 27,012.20 27,040.00 27,259.60 27,398.60
Change (%) -1.69% -1.04% -0.41% - +0.10% +0.92% +1.43%
Change -456.80 -281.20 -110.00 - +27.80 +247.40 +386.40
Level Major Minor Minor - Minor 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
Standard26,208.6526,385.2826,700.2326,876.8627,191.8127,368.4427,683.39
Camarilla26,880.0126,925.0726,970.1327,015.1927,060.2527,105.3127,150.38
Woodie26,277.8226,419.8626,769.4026,911.4427,260.9827,403.0227,752.56
Fibonacci26,385.2826,573.0626,689.0726,876.8627,064.6427,180.6527,368.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25,179.2325,870.5626,442.8827,134.2127,706.5328,397.8628,970.18
Camarilla26,667.6926,783.5226,899.3627,015.1927,131.0327,246.8627,362.69
Woodie25,119.7225,840.8126,383.3727,104.4627,647.0228,368.1128,910.67
Fibonacci25,870.5626,353.2826,651.5027,134.2127,616.9327,915.1528,397.86


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25,464.7925,912.8526,761.6727,209.7328,058.5528,506.6129,355.43
Camarilla27,253.8627,372.7427,491.6227,610.5027,729.3827,848.2627,967.14
Woodie25,665.1826,013.0426,962.0627,309.9228,258.9428,606.8029,555.82
Fibonacci25,912.8526,408.2626,714.3227,209.7327,705.1428,011.2028,506.61

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): 46.53
MACD (12,26,9): -66.8400
Directional Movement: -8.04
AROON (14): 28.57
DEMA (21): 26,882.16
Parabolic SAR (0,02-0,02-0,2): 26,735.79
Elder Ray (13): 22.70
Super Trend (3,10): 26,746.74
Zig ZAG (10): 27,002.30
VORTEX (21): 0.9500
Stochastique (14,3,5): 86.77
TEMA (21): 26,914.32
Williams %R (14): -15.36
Chande Momentum Oscillator (20): 102.78
Repulse (5,40,3): 0.2800
ROCnROLL: -1
TRIX (15,9): -0.0600
Courbe Coppock: 1.20
MA7: 27,326.55
MA20: 27,171.46
MA50: 27,204.29
MA100: 27,491.31
MAexp7: 26,972.59
MAexp20: 26,993.25
MAexp50: 27,130.20
MAexp100: 27,162.32
Price / MA7: -1.15%
Price / MA20: -0.59%
Price / MA50: -0.71%
Price / MA100: -1.74%
Price / MAexp7: +0.15%
Price / MAexp20: +0.07%
Price / MAexp50: -0.43%
Price / MAexp100: -0.55%

Quotes : - 15 min delayed data - Germany Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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