DAX40 PERF INDEX - 15 min. - Technical analysis published on 05/20/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 10,940.51 EUR
My targets
11,205.62 EUR (+1.24%)
11,335.96 EUR (+2.42%)
My analysis
DAX30 PERF INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10,940.51 EUR. The next resistance located at 11,205.62 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11,335.96 EUR. After this resistance, buyers could then target 11,470.73 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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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 11,068.11 EUR. The price has increased by -0.07% since the last closing with the lowest point at 10,978.57 EUR and the highest point at 11,076.83 EUR. The deviation from the price is +0.82% for the low point and -0.08% for the high point.10,978.57
11,076.83
11,068.11
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DAX30 PERF INDEX in 15 min. shows a strongly overall 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 several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,387.50 | 10,603.70 | 10,986.20 | 11,068.11 | 11,107.70 | 11,235.60 | 11,794.10 |
| Change (%) | -6.15% | -4.20% | -0.74% | - | +0.36% | +1.51% | +6.56% |
| Change | -680.61 | -464.41 | -81.91 | - | +39.59 | +167.49 | +725.99 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | 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 | 10,675.40 | 10,805.74 | 10,940.51 | 11,070.85 | 11,205.62 | 11,335.96 | 11,470.73 |
| Camarilla | 11,002.39 | 11,026.69 | 11,050.99 | 11,075.29 | 11,099.59 | 11,123.89 | 11,148.20 |
| Woodie | 10,677.63 | 10,806.85 | 10,942.74 | 11,071.96 | 11,207.85 | 11,337.07 | 11,472.95 |
| Fibonacci | 10,805.74 | 10,907.01 | 10,969.58 | 11,070.85 | 11,172.12 | 11,234.68 | 11,335.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,263.30 | 9,712.10 | 10,088.63 | 10,537.43 | 10,913.96 | 11,362.76 | 11,739.29 |
| Camarilla | 10,238.20 | 10,313.86 | 10,389.52 | 10,465.17 | 10,540.83 | 10,616.48 | 10,692.14 |
| Woodie | 9,227.18 | 9,694.03 | 10,052.51 | 10,519.36 | 10,877.84 | 11,344.69 | 11,703.17 |
| Fibonacci | 9,712.10 | 10,027.37 | 10,222.15 | 10,537.43 | 10,852.70 | 11,047.48 | 11,362.76 |
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): | 57.76 | |
| MACD (12,26,9): | 11.4400 | |
| Directional Movement: | 1.43 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 11,047.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,980.92 | |
| Elder Ray (13): | 20.30 | |
| Super Trend (3,10): | 10,972.22 | |
| Zig ZAG (10): | 11,070.66 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 50.36 | |
| TEMA (21): | 11,031.82 | |
| Williams %R (14): | -28.38 | |
| Chande Momentum Oscillator (20): | 29.22 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.30 |
| MA7: | 10,759.18 | |
| MA20: | 10,716.87 | |
| MA50: | 10,168.66 | |
| MA100: | 11,685.41 | |
| MAexp7: | 11,023.02 | |
| MAexp20: | 11,029.43 | |
| MAexp50: | 10,977.99 | |
| MAexp100: | 10,873.19 | |
| Price / MA7: | +2.87% | |
| Price / MA20: | +3.28% | |
| Price / MA50: | +8.85% | |
| Price / MA100: | -5.28% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.82% | |
| Price / MAexp100: | +1.79% |
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:
-
Stock Market Outlook: Dow Jones, S&P 500, DAX 30 Trends and Positioning
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DAX Forecast May 11, 2020
-
DAX Forecast May 1, 2020
-
DAX Forecast April 21, 2020
-
DAX Forecast April 2, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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