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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 08/31/2023 (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%
6%
22%
My opinion
Bullish above 27,624.90 EUR
My targets
27,966.00 EUR (+0.48%)
28,167.30 EUR (+1.21%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MDAX50 PERF INDEX as long as the price remains well above 27,624.90 EUR. The buyers' bullish objective is set at 27,966.00 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 28,167.30 EUR. If there is any crossing, the next objective would be the resistance located at 28,339.30 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
7.9

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

The MDAX50 PERF INDEX rating is 27,831.35 EUR. On the day, this instrument gained +1.13% with the lowest point at 27,550.44 EUR and the highest point at 27,894.14 EUR. The deviation from the price is +1.02% for the low point and -0.23% for the high point.

27,550.44
27,894.14
27,831.35

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MDAX50 PERF INDEX:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this MDAX50 PERF INDEX chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 27,145.80 27,398.60 27,624.90 27,831.35 27,966.00 28,167.30 28,339.30
Change (%) -2.46% -1.55% -0.74% - +0.48% +1.21% +1.83%
Change -685.55 -432.75 -206.45 - +134.65 +335.95 +507.95
Level Minor Major 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
Standard27,193.1427,322.0527,421.1727,550.0827,649.2027,778.1127,877.23
Camarilla27,457.5927,478.5027,499.4027,520.3027,541.2027,562.1127,583.01
Woodie27,178.2627,314.6027,406.2927,542.6327,634.3227,770.6627,862.35
Fibonacci27,322.0527,409.1527,462.9727,550.0827,637.1827,691.0027,778.11


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard26,118.2226,544.8426,772.1527,198.7727,426.0827,852.7028,080.01
Camarilla26,819.6426,879.5826,939.5326,999.4727,059.4127,119.3627,179.30
Woodie26,018.5826,495.0126,672.5127,148.9427,326.4427,802.8727,980.37
Fibonacci26,544.8426,794.6426,948.9727,198.7727,448.5727,602.9027,852.70


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24,974.6125,768.2627,302.6528,096.3029,630.6930,424.3431,958.73
Camarilla28,196.8428,410.2428,623.6528,837.0529,050.4529,263.8629,477.26
Woodie25,344.9925,953.4527,673.0328,281.4930,001.0730,609.5332,329.11
Fibonacci25,768.2626,657.5727,206.9928,096.3028,985.6129,535.0330,424.34

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): 70.29
MACD (12,26,9): 124.8100
Directional Movement: 21.85
AROON (14): 85.72
DEMA (21): 27,812.63
Parabolic SAR (0,02-0,02-0,2): 27,543.99
Elder Ray (13): 124.70
Super Trend (3,10): 27,587.61
Zig ZAG (10): 27,847.21
VORTEX (21): 1.1900
Stochastique (14,3,5): 90.87
TEMA (21): 27,868.54
Williams %R (14): -8.56
Chande Momentum Oscillator (20): 300.67
Repulse (5,40,3): 0.2600
ROCnROLL: 1
TRIX (15,9): 0.0600
Courbe Coppock: 1.75
MA7: 27,392.47
MA20: 27,637.49
MA50: 27,728.53
MA100: 27,531.84
MAexp7: 27,793.64
MAexp20: 27,654.21
MAexp50: 27,501.71
MAexp100: 27,507.94
Price / MA7: +1.60%
Price / MA20: +0.70%
Price / MA50: +0.37%
Price / MA100: +1.09%
Price / MAexp7: +0.14%
Price / MAexp20: +0.64%
Price / MAexp50: +1.20%
Price / MAexp100: +1.18%

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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