DAX40 PERF INDEX
DAX40 PERF INDEX
- EUR (-)
- 15 min delayed data - Germany Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: DAX
ISIN: DE0008469008

DAX40 PERF INDEX - 1H - Technical analysis published on 04/30/2020 (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
83%
0%
17%
My opinion
Bullish above 10,888.53 EUR
My targets
11,794.10 EUR (+6.27%)
12,054.01 EUR (+8.61%)
My analysis
The bullish trend is currently very strong on DAX30 PERF INDEX. As long as the price remains above the support at 10,888.53 EUR, you could try to benefit from the boom. The first bullish objective is located at 11,794.10 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12,054.01 EUR as an objective. Crossing it would then enable buyers to target 12,374.70 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.8

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

DAX30 PERF INDEX rating 11,098.31 EUR. The price has increased by -0.09% since the last closing and was traded between 11,096.08 EUR and 11,235.57 EUR over the period. The price is currently at +0.02% from its lowest and -1.22% from its highest.

11,096.08
11,235.57
11,098.31

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.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of DAX30 PERF INDEX in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10,243.00 10,387.50 10,719.80 11,098.31 11,794.10 12,374.70 12,876.30
Change (%) -7.71% -6.40% -3.41% - +6.27% +11.50% +16.02%
Change -855.31 -710.81 -378.51 - +695.79 +1,276.39 +1,777.99
Level Major Major Minor - Major Intermediate Minor



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
Standard10,553.8910,671.7110,889.7211,007.5411,225.5511,343.3711,561.38
Camarilla11,015.3911,046.1711,076.9611,107.7411,138.5311,169.3111,200.09
Woodie10,604.0010,696.7610,939.8311,032.5911,275.6611,368.4211,611.49
Fibonacci10,671.7110,799.9910,879.2511,007.5411,135.8211,215.0811,343.37


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,697.419,973.6310,154.8610,431.0810,612.3110,888.5311,069.76
Camarilla10,210.2910,252.2210,294.1610,336.0910,378.0210,419.9610,461.89
Woodie9,649.929,949.8810,107.3710,407.3310,564.8210,864.7811,022.27
Fibonacci9,973.6310,148.3810,256.3310,431.0810,605.8310,713.7810,888.53


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,019.316,137.488,036.6610,154.8312,054.0114,172.1816,071.36
Camarilla8,831.079,199.339,567.589,935.8410,304.1010,672.3511,040.61
Woodie3,909.826,082.737,927.1710,100.0811,944.5214,117.4315,961.86
Fibonacci6,137.487,672.118,620.2010,154.8311,689.4612,637.5514,172.18

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): 74.40
MACD (12,26,9): 129.4900
Directional Movement: 37.02
AROON (14): 71.43
DEMA (21): 11,037.22
Parabolic SAR (0,02-0,02-0,2): 10,788.31
Elder Ray (13): 238.59
Super Trend (3,10): 10,925.27
Zig ZAG (10): 11,136.96
VORTEX (21): 1.3400
Stochastique (14,3,5): 90.41
TEMA (21): 11,088.69
Williams %R (14): -21.60
Chande Momentum Oscillator (20): 298.32
Repulse (5,40,3): 0.1800
ROCnROLL: 1
TRIX (15,9): 0.1500
Courbe Coppock: 4.34
MA7: 10,706.41
MA20: 10,386.35
MA50: 10,647.43
MA100: 12,007.69
MAexp7: 11,017.74
MAexp20: 10,876.11
MAexp50: 10,703.35
MAexp100: 10,543.77
Price / MA7: +3.66%
Price / MA20: +6.85%
Price / MA50: +4.23%
Price / MA100: -7.57%
Price / MAexp7: +0.73%
Price / MAexp20: +2.04%
Price / MAexp50: +3.69%
Price / MAexp100: +5.26%

This member declared not having a position on this financial instrument or a related financial instrument.

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