CDAX PERF INDEX - Daily - Technical analysis published on 08/05/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1,190.18 EUR
My targets
1,270.00 EUR (+2.61%)
1,330.18 EUR (+7.47%)
My analysis
The strong short-term increase in CDAX PERF INDEX calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1,190.18 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1,270.00 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,330.18 EUR as an objective. Crossing it would then enable buyers to target 1,413.83 EUR. Caution, a return under 1,190.18 EUR could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.5
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Additional analysis
Quotes
The CDAX PERF INDEX rating is 1,237.67 EUR. The price is lower by -0.02% since the last closing with the lowest point at 1,233.53 EUR and the highest point at 1,240.89 EUR. The deviation from the price is +0.34% for the low point and -0.26% for the high point.1,233.53
1,240.89
1,237.67
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CDAX PERF INDEX in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. 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 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 975.67 | 1,110.53 | 1,190.18 | 1,237.67 | 1,270.00 | 1,330.18 | 1,413.83 |
| Change (%) | -21.17% | -10.27% | -3.84% | - | +2.61% | +7.47% | +14.23% |
| Change | -262.00 | -127.14 | -47.49 | - | +32.33 | +92.51 | +176.16 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Intermediate |
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 | 1,213.80 | 1,223.71 | 1,230.78 | 1,240.69 | 1,247.76 | 1,257.67 | 1,264.74 |
| Camarilla | 1,233.19 | 1,234.75 | 1,236.30 | 1,237.86 | 1,239.42 | 1,240.97 | 1,242.53 |
| Woodie | 1,212.39 | 1,223.00 | 1,229.37 | 1,239.98 | 1,246.35 | 1,256.96 | 1,263.33 |
| Fibonacci | 1,223.71 | 1,230.19 | 1,234.20 | 1,240.69 | 1,247.17 | 1,251.18 | 1,257.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,144.92 | 1,160.29 | 1,188.14 | 1,203.51 | 1,231.36 | 1,246.73 | 1,274.58 |
| Camarilla | 1,204.11 | 1,208.07 | 1,212.03 | 1,215.99 | 1,219.95 | 1,223.91 | 1,227.88 |
| Woodie | 1,151.16 | 1,163.41 | 1,194.38 | 1,206.63 | 1,237.60 | 1,249.85 | 1,280.82 |
| Fibonacci | 1,160.29 | 1,176.80 | 1,187.00 | 1,203.51 | 1,220.02 | 1,230.22 | 1,246.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,053.67 | 1,087.29 | 1,151.64 | 1,185.26 | 1,249.61 | 1,283.23 | 1,347.58 |
| Camarilla | 1,189.05 | 1,198.03 | 1,207.01 | 1,215.99 | 1,224.97 | 1,233.95 | 1,242.93 |
| Woodie | 1,069.04 | 1,094.97 | 1,167.01 | 1,192.94 | 1,264.98 | 1,290.91 | 1,362.95 |
| Fibonacci | 1,087.29 | 1,124.72 | 1,147.84 | 1,185.26 | 1,222.69 | 1,245.81 | 1,283.23 |
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): | 61.99 | |
| MACD (12,26,9): | 9.8600 | |
| Directional Movement: | 13.13 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 1,211.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,177.34 | |
| Elder Ray (13): | 26.77 | |
| Super Trend (3,10): | 1,183.05 | |
| Zig ZAG (10): | 1,237.54 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 90.66 | |
| TEMA (21): | 1,232.14 | |
| Williams %R (14): | -13.92 | |
| Chande Momentum Oscillator (20): | 36.87 | |
| Repulse (5,40,3): | 1.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 9.42 |
| MA7: | 1,221.92 | |
| MA20: | 1,191.50 | |
| MA50: | 1,211.73 | |
| MA100: | 1,252.89 | |
| MAexp7: | 1,222.59 | |
| MAexp20: | 1,203.55 | |
| MAexp50: | 1,213.21 | |
| MAexp100: | 1,251.66 | |
| Price / MA7: | +1.29% | |
| Price / MA20: | +3.87% | |
| Price / MA50: | +2.14% | |
| Price / MA100: | -1.21% | |
| Price / MAexp7: | +1.23% | |
| Price / MAexp20: | +2.83% | |
| Price / MAexp50: | +2.02% | |
| Price / MAexp100: | -1.12% |
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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