DAX40 PERF INDEX - 15 min. - Technical analysis published on 05/04/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 10,722.10 EUR
My targets
10,325.83 EUR (-2.03%)
10,243.00 EUR (-2.82%)
My analysis
The bearish trend is currently very strong for DAX30 PERF INDEX. As long as the price remains below the resistance at 10,722.10 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 10,325.83 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10,243.00 EUR as an objective. Crossing it would then enable sellers to target 9,525.77 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7
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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 price is 10,539.90 EUR. The price registered a decrease of -2.96% on the session with the lowest point at 10,498.01 EUR and the highest point at 10,578.43 EUR. The deviation from the price is +0.40% for the low point and -0.36% for the high point.10,498.01
10,578.43
10,539.90
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX30 PERF INDEX:
Technical
Technical analysis of DAX30 PERF INDEX in 15 min. shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,525.77 | 10,243.00 | 10,387.50 | 10,539.90 | 10,719.80 | 10,897.80 | 11,235.60 |
| Change (%) | -9.62% | -2.82% | -1.45% | - | +1.71% | +3.40% | +6.60% |
| Change | -1,014.13 | -296.90 | -152.40 | - | +179.90 | +357.90 | +695.70 |
| Level | Intermediate | Major | Major | - | Minor | Minor | Major |
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 | 10,325.83 | 10,582.57 | 10,722.10 | 10,978.84 | 11,118.37 | 11,375.11 | 11,514.64 |
| Camarilla | 10,752.67 | 10,788.99 | 10,825.32 | 10,861.64 | 10,897.96 | 10,934.29 | 10,970.61 |
| Woodie | 10,267.23 | 10,553.27 | 10,663.51 | 10,949.54 | 11,059.78 | 11,345.81 | 11,456.05 |
| Fibonacci | 10,582.57 | 10,733.94 | 10,827.46 | 10,978.84 | 11,130.21 | 11,223.73 | 11,375.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,798.83 | 10,160.97 | 10,511.30 | 10,873.44 | 11,223.77 | 11,585.91 | 11,936.24 |
| Camarilla | 10,665.71 | 10,731.02 | 10,796.33 | 10,861.64 | 10,926.95 | 10,992.26 | 11,057.57 |
| Woodie | 9,792.93 | 10,158.02 | 10,505.40 | 10,870.49 | 11,217.88 | 11,582.96 | 11,930.35 |
| Fibonacci | 10,160.97 | 10,433.13 | 10,601.27 | 10,873.44 | 11,145.60 | 11,313.74 | 11,585.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,822.03 | 8,579.53 | 9,720.58 | 10,478.08 | 11,619.13 | 12,376.63 | 13,517.68 |
| Camarilla | 10,339.54 | 10,513.57 | 10,687.61 | 10,861.64 | 11,035.67 | 11,209.71 | 11,383.74 |
| Woodie | 8,013.81 | 8,675.42 | 9,912.36 | 10,573.97 | 11,810.92 | 12,472.52 | 13,709.47 |
| Fibonacci | 8,579.53 | 9,304.77 | 9,752.83 | 10,478.08 | 11,203.32 | 11,651.38 | 12,376.63 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 21.59 | |
| MACD (12,26,9): | -131.5200 | |
| Directional Movement: | -38.64 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 10,614.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,646.95 | |
| Elder Ray (13): | -160.20 | |
| Super Trend (3,10): | 10,705.05 | |
| Zig ZAG (10): | 10,531.42 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 7.52 | |
| TEMA (21): | 10,505.61 | |
| Williams %R (14): | -93.79 | |
| Chande Momentum Oscillator (20): | -402.26 | |
| Repulse (5,40,3): | -0.3800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 7.35 |
| MA7: | 10,687.19 | |
| MA20: | 10,423.92 | |
| MA50: | 10,577.57 | |
| MA100: | 11,979.25 | |
| MAexp7: | 10,599.16 | |
| MAexp20: | 10,766.97 | |
| MAexp50: | 10,871.83 | |
| MAexp100: | 10,844.48 | |
| Price / MA7: | -1.38% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | -0.36% | |
| Price / MA100: | -12.02% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -2.11% | |
| Price / MAexp50: | -3.05% | |
| Price / MAexp100: | -2.81% |
News
Don"t forget to follow the news on DAX30 PERF INDEX. At the time of publication of this analysis, the latest news was as follows:
-
DAX Forecast May 1, 2020
-
DAX Forecast April 21, 2020
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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