SHORTDAX X2 TR - 1H - Technical analysis published on 09/14/2022 (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
72%
0%
28%
My opinion
Bearish under 193.61 EUR
My targets
185.84 EUR (-1.75%)
184.00 EUR (-2.72%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SHORTDAX X2 TR. As long as you are under the resistance located at 193.61 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 185.84 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 184.00 EUR as an objective. Crossing it would then enable sellers to target 178.83 EUR. If the resistance 193.61 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SHORTDAX X2 TR rating is 189.15 EUR. The price registered an increase of +0.67% on the session with the lowest point at 187.83 EUR and the highest point at 190.55 EUR. The deviation from the price is +0.70% for the low point and -0.73% for the high point.187.83
190.55
189.15
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SHORTDAX X2 TR:
Technical
Technical analysis of this 1H chart of SHORTDAX X2 TR indicates that the overall trend is bearish. The signals given by moving averages are 75.00% 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:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 175.84 | 178.83 | 184.00 | 189.15 | 193.61 | 203.53 | 206.64 |
| Change (%) | -7.04% | -5.46% | -2.72% | - | +2.36% | +7.60% | +9.25% |
| Change | -13.31 | -10.32 | -5.15 | - | +4.46 | +14.38 | +17.49 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | 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 | 170.67 | 174.18 | 181.04 | 184.55 | 191.41 | 194.92 | 201.78 |
| Camarilla | 185.05 | 186.00 | 186.95 | 187.90 | 188.85 | 189.80 | 190.75 |
| Woodie | 172.35 | 175.02 | 182.72 | 185.39 | 193.09 | 195.76 | 203.46 |
| Fibonacci | 174.18 | 178.14 | 180.59 | 184.55 | 188.51 | 190.96 | 194.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.46 | 180.38 | 185.84 | 195.76 | 201.22 | 211.14 | 216.60 |
| Camarilla | 187.07 | 188.48 | 189.89 | 191.30 | 192.71 | 194.12 | 195.53 |
| Woodie | 168.23 | 179.27 | 183.61 | 194.65 | 198.99 | 210.03 | 214.37 |
| Fibonacci | 180.38 | 186.26 | 189.89 | 195.76 | 201.64 | 205.27 | 211.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 147.53 | 159.02 | 179.63 | 191.12 | 211.73 | 223.22 | 243.83 |
| Camarilla | 191.42 | 194.37 | 197.31 | 200.25 | 203.19 | 206.14 | 209.08 |
| Woodie | 152.10 | 161.30 | 184.20 | 193.40 | 216.30 | 225.50 | 248.40 |
| Fibonacci | 159.02 | 171.28 | 178.85 | 191.12 | 203.38 | 210.95 | 223.22 |
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): | 55.97 | |
| MACD (12,26,9): | -1.4800 | |
| Directional Movement: | 9.17 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 183.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 179.07 | |
| Elder Ray (13): | 3.49 | |
| Super Trend (3,10): | 182.31 | |
| Zig ZAG (10): | 190.03 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 97.18 | |
| TEMA (21): | 184.55 | |
| Williams %R (14): | -2.14 | |
| Chande Momentum Oscillator (20): | 8.85 | |
| Repulse (5,40,3): | 2.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 0.15 |
| MA7: | 191.84 | |
| MA20: | 192.33 | |
| MA50: | 189.87 | |
| MA100: | 186.44 | |
| MAexp7: | 186.23 | |
| MAexp20: | 185.81 | |
| MAexp50: | 189.79 | |
| MAexp100: | 191.79 | |
| Price / MA7: | -1.40% | |
| Price / MA20: | -1.65% | |
| Price / MA50: | -0.38% | |
| Price / MA100: | +1.45% | |
| Price / MAexp7: | +1.57% | |
| Price / MAexp20: | +1.80% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -1.38% |
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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