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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 06/16/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Slightly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 11,794.10 EUR
My targets
12,374.70 EUR (+1.80%)
12,632.05 EUR (+3.92%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade DAX30 PERF INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 11,794.10 EUR. The buyers” bullish objective is set at 12,374.70 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,632.05 EUR. If there is any crossing, the next objective would be the resistance located at 12,876.30 EUR. If there is a bearish break in the support located at 11,794.10 EUR some indecision would arise.

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
4.1

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.

Vincent Launay
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

The DAX30 PERF INDEX price is 12,155.77 EUR. The price has increased by +2.05% since the last closing and was between 12,132.80 EUR and 12,264.11 EUR. This implies that the price is at +0.19% from its lowest and at -0.88% from its highest.

12,132.80
12,264.11
12,155.77

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of this 1H chart of DAX30 PERF INDEX indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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 1

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11,107.70 11,586.60 11,794.10 12,155.77 12,374.70 12,876.30 13,559.60
Change (%) -8.62% -4.68% -2.98% - +1.80% +5.93% +11.55%
Change -1,048.07 -569.17 -361.67 - +218.93 +720.53 +1,403.83
Level Major Major Major - Major Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,313.1911,455.5011,683.4311,825.7412,053.6712,195.9812,423.91
Camarilla11,809.5311,843.4711,877.4111,911.3511,945.2911,979.2312,013.17
Woodie11,355.9911,476.9111,726.2311,847.1512,096.4712,217.3812,466.71
Fibonacci11,455.5011,596.9411,684.3111,825.7411,967.1712,054.5512,195.98


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,463.1111,145.8911,547.5812,230.3612,632.0513,314.8313,716.52
Camarilla11,651.0511,750.4611,849.8711,949.2812,048.6912,148.1012,247.51
Woodie10,322.5811,075.6211,407.0512,160.0912,491.5213,244.5613,575.98
Fibonacci11,145.8911,560.1611,816.0912,230.3612,644.6212,900.5613,314.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,908.539,534.7110,560.7811,186.9612,213.0312,839.2113,865.28
Camarilla11,132.4811,283.9411,435.3911,586.8511,738.3111,889.7612,041.22
Woodie9,108.479,634.6810,760.7211,286.9312,412.9712,939.1814,065.23
Fibonacci9,534.7110,165.8710,555.8011,186.9611,818.1212,208.0512,839.21

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 56.79
MACD (12,26,9): -68.5000
Directional Movement: 4.48
AROON (14): 57.15
DEMA (21): 11,884.00
Parabolic SAR (0,02-0,02-0,2): 11,631.58
Elder Ray (13): 183.30
Super Trend (3,10): 11,785.34
Zig ZAG (10): 12,178.78
VORTEX (21): 0.9900
Stochastique (14,3,5): 76.77
TEMA (21): 11,926.24
Williams %R (14): -13.73
Chande Momentum Oscillator (20): 212.30
Repulse (5,40,3): 0.0300
ROCnROLL: 1
TRIX (15,9): -0.1500
Courbe Coppock: 1.42
MA7: 12,280.59
MA20: 11,904.71
MA50: 11,071.07
MA100: 11,434.39
MAexp7: 11,998.76
MAexp20: 11,999.66
MAexp50: 12,151.85
MAexp100: 12,115.18
Price / MA7: -1.02%
Price / MA20: +2.11%
Price / MA50: +9.80%
Price / MA100: +6.31%
Price / MAexp7: +1.31%
Price / MAexp20: +1.30%
Price / MAexp50: +0.03%
Price / MAexp100: +0.34%

Quotes : 2020-06-16 08:24:12 - 15 min delayed data - Germany Indices

News


The latest news and videos published on DAX30 PERF INDEX at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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