DAX40 PERF INDEX - 1H - Technical analysis published on 06/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 12,155.70 EUR
My targets
12,632.05 EUR (+1.87%)
12,876.30 EUR (+3.84%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on DAX30 PERF INDEX. This is a positive signal for buyers. As long as the price remains above 12,155.70 EUR, a purchase could be considered. The first bullish objective is located at 12,632.05 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12,876.30 EUR as an objective. Crossing it would then enable buyers to target 13,559.60 EUR. In the event of a return below 12,155.70 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
6.1
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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
DAX30 PERF INDEX rating 12,399.58 EUR. The price registered an increase of +0.14% on the session and was between 12,338.85 EUR and 12,415.20 EUR. This implies that the price is at +0.49% from its lowest and at -0.13% from its highest.12,338.85
12,415.20
12,399.58
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 DAX30 PERF INDEX in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 11,794.10 | 12,155.70 | 12,374.70 | 12,399.58 | 12,876.30 | 13,559.60 |
| Change (%) | -4.88% | -1.97% | -0.20% | - | +3.84% | +9.36% |
| Change | -605.48 | -243.88 | -24.88 | - | +476.72 | +1,160.02 |
| Level | Major | Minor | Major | - | Intermediate | Major |
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 | 12,158.74 | 12,223.45 | 12,302.80 | 12,367.51 | 12,446.86 | 12,511.57 | 12,590.92 |
| Camarilla | 12,342.52 | 12,355.73 | 12,368.93 | 12,382.14 | 12,395.35 | 12,408.55 | 12,421.76 |
| Woodie | 12,166.05 | 12,227.11 | 12,310.11 | 12,371.17 | 12,454.17 | 12,515.23 | 12,598.23 |
| Fibonacci | 12,223.45 | 12,278.48 | 12,312.48 | 12,367.51 | 12,422.55 | 12,456.54 | 12,511.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,463.11 | 11,145.89 | 11,547.58 | 12,230.36 | 12,632.05 | 13,314.83 | 13,716.52 |
| Camarilla | 11,651.05 | 11,750.46 | 11,849.87 | 11,949.28 | 12,048.69 | 12,148.10 | 12,247.51 |
| Woodie | 10,322.58 | 11,075.62 | 11,407.05 | 12,160.09 | 12,491.52 | 13,244.56 | 13,575.98 |
| Fibonacci | 11,145.89 | 11,560.16 | 11,816.09 | 12,230.36 | 12,644.62 | 12,900.56 | 13,314.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,908.53 | 9,534.71 | 10,560.78 | 11,186.96 | 12,213.03 | 12,839.21 | 13,865.28 |
| Camarilla | 11,132.48 | 11,283.94 | 11,435.39 | 11,586.85 | 11,738.31 | 11,889.76 | 12,041.22 |
| Woodie | 9,108.47 | 9,634.68 | 10,760.72 | 11,286.93 | 12,412.97 | 12,939.18 | 14,065.23 |
| Fibonacci | 9,534.71 | 10,165.87 | 10,555.80 | 11,186.96 | 11,818.12 | 12,208.05 | 12,839.21 |
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): | 58.48 | |
| MACD (12,26,9): | 73.5000 | |
| Directional Movement: | -0.92 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 12,401.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,270.60 | |
| Elder Ray (13): | 37.21 | |
| Super Trend (3,10): | 12,117.88 | |
| Zig ZAG (10): | 12,396.99 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 83.97 | |
| TEMA (21): | 12,470.04 | |
| Williams %R (14): | -14.88 | |
| Chande Momentum Oscillator (20): | 171.63 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 2.24 |
| MA7: | 12,205.59 | |
| MA20: | 12,037.43 | |
| MA50: | 11,188.09 | |
| MA100: | 11,414.18 | |
| MAexp7: | 12,381.46 | |
| MAexp20: | 12,310.55 | |
| MAexp50: | 12,260.47 | |
| MAexp100: | 12,189.41 | |
| Price / MA7: | +1.59% | |
| Price / MA20: | +3.01% | |
| Price / MA50: | +10.83% | |
| Price / MA100: | +8.63% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.72% | |
| Price / MAexp50: | +1.13% | |
| Price / MAexp100: | +1.72% |
Quotes :
2020-06-18 08:32:27
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15 min delayed data
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Germany Indices
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:
-
Will the DAX continue to push higher? - 2nd June 2020
-
Stock Market Outlook: Dow Jones, S&P 500, DAX 30 Trends and Positioning
-
DAX Forecast May 11, 2020
-
DAX Forecast May 1, 2020
-
DAX Forecast April 21, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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