DAX40 PERF INDEX - 1H - Technical analysis published on 04/20/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 10,387.50 EUR
My targets
10,752.50 EUR (+1.07%)
11,144.70 EUR (+4.76%)
My analysis
The bullish trend is currently very strong on DAX30 PERF INDEX. As long as the price remains above the support at 10,387.50 EUR, you could try to benefit from the boom. The first bullish objective is located at 10,752.50 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11,144.70 EUR as an objective. Crossing it would then enable buyers to target 11,775.20 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX30 PERF INDEX rating is 10,638.59 EUR. The price has increased by +0.12% since the last closing and was traded between 10,624.76 EUR and 10,707.31 EUR over the period. The price is currently at +0.13% from its lowest and -0.64% from its highest.10,624.76
10,707.31
10,638.59
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
A technical analysis in 1H of this DAX30 PERF INDEX chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 8,102.40 | 9,348.15 | 10,387.50 | 10,638.59 | 10,752.50 | 11,775.20 | 12,374.70 |
| Change (%) | -23.84% | -12.13% | -2.36% | - | +1.07% | +10.68% | +16.32% |
| Change | -2,536.19 | -1,290.44 | -251.09 | - | +113.91 | +1,136.61 | +1,736.11 |
| Level | Major | Major | Major | - | Major | Major | 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 | 10,312.66 | 10,427.69 | 10,526.73 | 10,641.76 | 10,740.80 | 10,855.83 | 10,954.87 |
| Camarilla | 10,566.91 | 10,586.53 | 10,606.16 | 10,625.78 | 10,645.40 | 10,665.03 | 10,684.65 |
| Woodie | 10,304.68 | 10,423.69 | 10,518.75 | 10,637.76 | 10,732.82 | 10,851.83 | 10,946.89 |
| Fibonacci | 10,427.69 | 10,509.46 | 10,559.98 | 10,641.76 | 10,723.53 | 10,774.05 | 10,855.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,717.32 | 9,976.78 | 10,301.28 | 10,560.74 | 10,885.24 | 11,144.70 | 11,469.20 |
| Camarilla | 10,465.19 | 10,518.72 | 10,572.25 | 10,625.78 | 10,679.31 | 10,732.84 | 10,786.37 |
| Woodie | 9,749.84 | 9,993.04 | 10,333.80 | 10,577.00 | 10,917.76 | 11,160.96 | 11,501.72 |
| Fibonacci | 9,976.78 | 10,199.85 | 10,337.67 | 10,560.74 | 10,783.81 | 10,921.63 | 11,144.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,019.31 | 6,137.48 | 8,036.66 | 10,154.83 | 12,054.01 | 14,172.18 | 16,071.36 |
| Camarilla | 8,831.07 | 9,199.33 | 9,567.58 | 9,935.84 | 10,304.10 | 10,672.35 | 11,040.61 |
| Woodie | 3,909.82 | 6,082.73 | 7,927.17 | 10,100.08 | 11,944.52 | 14,117.43 | 15,961.86 |
| Fibonacci | 6,137.48 | 7,672.11 | 8,620.20 | 10,154.83 | 11,689.46 | 12,637.55 | 14,172.18 |
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): | 57.03 | |
| MACD (12,26,9): | 58.0900 | |
| Directional Movement: | 10.70 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 10,643.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,461.45 | |
| Elder Ray (13): | 46.28 | |
| Super Trend (3,10): | 10,420.85 | |
| Zig ZAG (10): | 10,652.26 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 82.01 | |
| TEMA (21): | 10,667.86 | |
| Williams %R (14): | -20.13 | |
| Chande Momentum Oscillator (20): | 350.69 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 5.30 |
| MA7: | 10,493.25 | |
| MA20: | 9,957.94 | |
| MA50: | 11,130.23 | |
| MA100: | 12,209.37 | |
| MAexp7: | 10,639.20 | |
| MAexp20: | 10,573.44 | |
| MAexp50: | 10,465.87 | |
| MAexp100: | 10,269.27 | |
| Price / MA7: | +1.39% | |
| Price / MA20: | +6.84% | |
| Price / MA50: | -4.42% | |
| Price / MA100: | -12.87% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.62% | |
| Price / MAexp50: | +1.65% | |
| Price / MAexp100: | +3.60% |
News
The latest news and videos published on DAX30 PERF INDEX at the time of the analysis were as follows:
-
DAX Forecast April 2, 2020
-
Stock Market Analysis: S&P 500, Dow Jones, DAX 30 Road Ahead in Trader Bets
-
DAX Forecast March 27, 2020
-
Fiscal Policies Spark S&P 500, DAX 30 Rebound but Volatility Remains
-
DAX Forecast March 19, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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