MDAX50 PERF INDEX - 1H - Technical analysis published on 12/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
44%
28%
28%
My opinion
Bearish under 27,014.41 EUR
My targets
26,469.47 EUR (-1.42%)
26,125.01 EUR (-2.71%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for MDAX50 PERF INDEX as long as the price remains well below 27,014.41 EUR. The next bearish objective for sellers is set at 26,469.47 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 26,125.01 EUR. In case of crossing, the next objective would be the support located at 25,919.23 EUR. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 26,469.47 EUR. With this support, against the trend traders who want to buy MDAX50 PERF INDEX on a buy signal from their trading strategy should not hesitate to act.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.2
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Additional analysis
Quotes
The MDAX50 PERF INDEX rating is 26,851.82 EUR. On the day, this instrument lost -0.01% and was traded between 26,707.58 EUR and 26,888.29 EUR over the period. The price is currently at +0.54% from its lowest and -0.14% from its highest.26,707.58
26,888.29
26,851.82
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 MDAX50 PERF INDEX in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26,125.01 | 26,469.47 | 26,823.77 | 26,851.82 | 27,014.41 | 27,161.39 | 27,442.59 |
| Change (%) | -2.71% | -1.42% | -0.10% | - | +0.61% | +1.15% | +2.20% |
| Change | -726.81 | -382.35 | -28.05 | - | +162.59 | +309.57 | +590.77 |
| Level | Major | Intermediate | Minor | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26,613.34 | 26,718.56 | 26,786.96 | 26,892.18 | 26,960.58 | 27,065.80 | 27,134.20 |
| Camarilla | 26,807.63 | 26,823.54 | 26,839.46 | 26,855.37 | 26,871.29 | 26,887.20 | 26,903.12 |
| Woodie | 26,594.94 | 26,709.36 | 26,768.56 | 26,882.98 | 26,942.18 | 27,056.60 | 27,115.80 |
| Fibonacci | 26,718.56 | 26,784.88 | 26,825.85 | 26,892.18 | 26,958.50 | 26,999.47 | 27,065.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,317.63 | 25,716.27 | 26,513.57 | 26,912.21 | 27,709.51 | 28,108.15 | 28,905.45 |
| Camarilla | 26,981.98 | 27,091.60 | 27,201.23 | 27,310.86 | 27,420.49 | 27,530.12 | 27,639.74 |
| Woodie | 25,516.95 | 25,815.94 | 26,712.89 | 27,011.88 | 27,908.83 | 28,207.82 | 29,104.77 |
| Fibonacci | 25,716.27 | 26,173.12 | 26,455.36 | 26,912.21 | 27,369.06 | 27,651.30 | 28,108.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24,196.42 | 24,958.34 | 25,639.40 | 26,401.32 | 27,082.38 | 27,844.30 | 28,525.36 |
| Camarilla | 25,923.65 | 26,055.92 | 26,188.20 | 26,320.47 | 26,452.74 | 26,585.02 | 26,717.29 |
| Woodie | 24,156.00 | 24,938.13 | 25,598.98 | 26,381.11 | 27,041.96 | 27,824.09 | 28,484.94 |
| Fibonacci | 24,958.34 | 25,509.56 | 25,850.10 | 26,401.32 | 26,952.54 | 27,293.08 | 27,844.30 |
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): | 43.70 | |
| MACD (12,26,9): | -51.5100 | |
| Directional Movement: | -13.45 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 26,877.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 26,927.82 | |
| Elder Ray (13): | -22.49 | |
| Super Trend (3,10): | 27,019.51 | |
| Zig ZAG (10): | 26,868.68 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 38.52 | |
| TEMA (21): | 26,786.73 | |
| Williams %R (14): | -45.26 | |
| Chande Momentum Oscillator (20): | 11.18 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.52 |
| MA7: | 26,933.72 | |
| MA20: | 26,474.18 | |
| MA50: | 26,676.70 | |
| MA100: | 25,990.67 | |
| MAexp7: | 26,863.78 | |
| MAexp20: | 26,930.99 | |
| MAexp50: | 26,894.76 | |
| MAexp100: | 26,735.26 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | +1.43% | |
| Price / MA50: | +0.66% | |
| Price / MA100: | +3.31% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | +0.44% |
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.
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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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