DAX40 PERF INDEX - 1H - Technical analysis published on 05/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 10,820.20 EUR
My targets
11,073.18 EUR (+1.91%)
11,235.60 EUR (+3.40%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DAX30 PERF INDEX as long as the price remains well above 10,820.20 EUR. The buyers” bullish objective is set at 11,073.18 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11,235.60 EUR. If there is any crossing, the next objective would be the resistance located at 11,794.10 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.3
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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 10,865.91 EUR. The price has increased by -0.35% since the last closing and was traded between 10,858.39 EUR and 10,986.22 EUR over the period. The price is currently at +0.07% from its lowest and -1.10% from its highest.10,858.39
10,986.22
10,865.91
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DAX30 PERF INDEX indicates that the overall trend is strongly bullish. 85.71% 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 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 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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | 10,387.50 | 10,602.10 | 10,820.20 | 10,865.91 | 11,235.60 | 11,794.10 | 12,374.70 |
| Change (%) | -4.40% | -2.43% | -0.42% | - | +3.40% | +8.54% | +13.89% |
| Change | -478.41 | -263.81 | -45.71 | - | +369.69 | +928.19 | +1,508.79 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,743.68 | 10,781.37 | 10,842.93 | 10,880.62 | 10,942.18 | 10,979.87 | 11,041.43 |
| Camarilla | 10,877.19 | 10,886.28 | 10,895.38 | 10,904.48 | 10,913.58 | 10,922.68 | 10,931.77 |
| Woodie | 10,755.61 | 10,787.34 | 10,854.86 | 10,886.59 | 10,954.11 | 10,985.84 | 11,053.36 |
| Fibonacci | 10,781.37 | 10,819.29 | 10,842.71 | 10,880.62 | 10,918.54 | 10,941.96 | 10,979.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,088.66 | 10,257.36 | 10,580.92 | 10,749.62 | 11,073.18 | 11,241.88 | 11,565.44 |
| Camarilla | 10,769.11 | 10,814.23 | 10,859.36 | 10,904.48 | 10,949.61 | 10,994.73 | 11,039.85 |
| Woodie | 10,166.09 | 10,296.07 | 10,658.35 | 10,788.34 | 11,150.61 | 11,280.60 | 11,642.87 |
| Fibonacci | 10,257.36 | 10,445.40 | 10,561.58 | 10,749.62 | 10,937.66 | 11,053.84 | 11,241.88 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.65 | |
| MACD (12,26,9): | 58.9500 | |
| Directional Movement: | 19.92 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 10,897.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,811.44 | |
| Elder Ray (13): | 61.88 | |
| Super Trend (3,10): | 10,787.32 | |
| Zig ZAG (10): | 10,898.74 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 83.50 | |
| TEMA (21): | 10,935.98 | |
| Williams %R (14): | -30.03 | |
| Chande Momentum Oscillator (20): | 197.72 | |
| Repulse (5,40,3): | -0.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.57 |
| MA7: | 10,746.10 | |
| MA20: | 10,623.27 | |
| MA50: | 10,337.66 | |
| MA100: | 11,862.26 | |
| MAexp7: | 10,892.36 | |
| MAexp20: | 10,829.01 | |
| MAexp50: | 10,761.56 | |
| MAexp100: | 10,684.47 | |
| Price / MA7: | +1.11% | |
| Price / MA20: | +2.28% | |
| Price / MA50: | +5.11% | |
| Price / MA100: | -8.40% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +1.70% |
News
The latest news and videos published on DAX30 PERF INDEX at the time of the analysis were as follows:
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DAX Forecast May 11, 2020
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DAX Forecast May 1, 2020
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DAX Forecast April 21, 2020
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DAX Forecast April 2, 2020
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Stock Market Analysis: S&P 500, Dow Jones, DAX 30 Road Ahead in Trader Bets
This member declared not having a position on this financial instrument or a related financial instrument.
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