SHORTDAX X2 TR

4NAQ

- EUR (-)

- 15 min delayed data - Germany Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	4NAQ
ISIN:	DE000A0SNAK2

SHORTDAX X2 TR - 1H - Technical analysis published on 04/16/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 106,464.85 EUR

My targets

My analysis

SHORTDAX X2 TR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 106,464.85 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

Comment on the analysis

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.

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

Additional analysis

Quotes

SHORTDAX X2 TR rating 108,395.50 EUR. On the day, this instrument gained +2.83% and was traded between 105,487.59 EUR and 108,688.11 EUR over the period. The price is currently at +2.76% from its lowest and -0.27% from its highest.

105,487.59

108,688.11

108,395.50

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SHORTDAX X2 TR in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 90

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	3,375.04	5,551.14	106,464.85	108,395.50
Change (%)	-96.89%	-94.88%	-1.78%	-
Change	-105,020.46	-102,844.36	-1,930.65	-
Level	Minor	Intermediate	Intermediate	-

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100,727.57	102,086.29	103,747.42	105,106.14	106,767.27	108,125.99	109,787.12
Camarilla	104,578.10	104,854.92	105,131.74	105,408.56	105,685.38	105,962.20	106,239.02
Woodie	100,878.79	102,161.89	103,898.64	105,181.74	106,918.49	108,201.59	109,938.34
Fibonacci	102,086.29	103,239.87	103,952.55	105,106.14	106,259.72	106,972.40	108,125.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	97.69	99.77	103.11	105.19	108.53	110.61	113.95
Camarilla	104.96	105.46	105.95	106.45	106.95	107.44	107.94
Woodie	98.32	100.09	103.74	105.51	109.16	110.93	114.58
Fibonacci	99.77	101.84	103.12	105.19	107.26	108.54	110.61

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	86.70	93.12	96.46	102.88	106.22	112.64	115.98
Camarilla	97.11	98.00	98.90	99.79	100.69	101.58	102.47
Woodie	85.15	92.35	94.91	102.11	104.67	111.87	114.43
Fibonacci	93.12	96.85	99.16	102.88	106.61	108.92	112.64

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):	98.26
MACD (12,26,9):	27,364.7600
Directional Movement:	91.37
AROON (14):	78.57
DEMA (21):	112,321.39
Parabolic SAR (0,02-0,02-0,2):	56,472.38
Elder Ray (13):	16,163.97
Super Trend (3,10):	97,593.19
Zig ZAG (10):	108,602.38
VORTEX (21):	1.0300
Stochastique (14,3,5):	99.83
TEMA (21):	126,098.78
Williams %R (14):	-0.06
Chande Momentum Oscillator (20):	3,571.74
Repulse (5,40,3):	1.4200
ROCnROLL:	1
TRIX (15,9):	14.3600
Courbe Coppock:	166,982.60

MA7:	30,651.59
MA20:	10,783.09
MA50:	4,379.24
MA100:	2,250.15
MAexp7:	104,810.42
MAexp20:	77,434.26
MAexp50:	43,059.08
MAexp100:	24,332.09
Price / MA7:	+253.64%
Price / MA20:	+905.24%
Price / MA50:	+2,375.21%
Price / MA100:	+4,717.26%
Price / MAexp7:	+3.42%
Price / MAexp20:	+39.98%
Price / MAexp50:	+151.74%
Price / MAexp100:	+345.48%

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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