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 - Daily - Technical analysis published on 05/13/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under 11,107.70 EUR

My targets

10,387.50 EUR (-2.34%)

9,525.77 EUR (-10.45%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 11,107.70 EUR remains possible. It is advisable to trade DAX30 PERF INDEX with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 11,107.70 EUR. The next bearish objective for sellers is set at 10,387.50 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9,525.77 EUR. In case of crossing, the next objective would be the support located at 8,102.40 EUR. PS: if there is a bullish break in the resistance located at 11,107.70 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

FORCE

2.9

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DAX30 PERF INDEX price is 10,636.84 EUR. The price registered an increase of -1.69% on the session and was between 10,580.81 EUR and 10,661.14 EUR. This implies that the price is at +0.53% from its lowest and at -0.23% from its highest.

10,580.81

10,661.14

10,636.84

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of DAX30 PERF INDEX in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8,102.40	9,525.77	10,387.50	10,636.84	11,107.70	11,794.10	12,374.70
Change (%)	-23.83%	-10.45%	-2.34%	-	+4.43%	+10.88%	+16.34%
Change	-2,534.44	-1,111.07	-249.34	-	+470.86	+1,157.26	+1,737.86
Level	Major	Minor	Major	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,652.62	10,712.60	10,766.05	10,826.03	10,879.48	10,939.46	10,992.91
Camarilla	10,788.31	10,798.71	10,809.10	10,819.50	10,829.90	10,840.30	10,850.69
Woodie	10,649.36	10,710.97	10,762.79	10,824.40	10,876.22	10,937.83	10,989.65
Fibonacci	10,712.60	10,755.93	10,782.70	10,826.03	10,869.36	10,896.13	10,939.46

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):	50.37
MACD (12,26,9):	102.9600
Directional Movement:	5.14
AROON (14):	28.57
DEMA (21):	10,734.63
Parabolic SAR (0,02-0,02-0,2):	11,143.16
Elder Ray (13):	-66.48
Super Trend (3,10):	10,008.88
Zig ZAG (10):	10,603.93
VORTEX (21):	0.9400
Stochastique (14,3,5):	49.13
TEMA (21):	10,955.43
Williams %R (14):	-66.24
Chande Momentum Oscillator (20):	279.52
Repulse (5,40,3):	-0.4500
ROCnROLL:	2
TRIX (15,9):	0.1700
Courbe Coppock:	5.51

MA7:	10,752.95
MA20:	10,626.60
MA50:	10,279.01
MA100:	11,810.51
MAexp7:	10,739.11
MAexp20:	10,617.35
MAexp50:	10,789.70
MAexp100:	11,347.06
Price / MA7:	-1.08%
Price / MA20:	+0.10%
Price / MA50:	+3.48%
Price / MA100:	-9.94%
Price / MAexp7:	-0.95%
Price / MAexp20:	+0.18%
Price / MAexp50:	-1.42%
Price / MAexp100:	-6.26%

News

The last news published on DAX30 PERF INDEX at the time of the generation of this analysis was as follows:

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

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