DAX40 PERF INDEX - 1H - Technical analysis published on 06/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 12,374.70 EUR
My targets
11,957.20 EUR (-1.54%)
11,794.10 EUR (-2.88%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on DAX30 PERF INDEX as long as the price remains well below 12,374.70 EUR. The next bearish objective for sellers is set at 11,957.20 EUR. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 11,794.10 EUR. If there is any crossing, the next objective would be the support located at 11,597.80 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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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 12,143.71 EUR. The price has increased by +0.45% since the last closing with the lowest point at 12,045.26 EUR and the highest point at 12,180.53 EUR. The deviation from the price is +0.82% for the low point and -0.30% for the high point.12,045.26
12,180.53
12,143.71
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DAX30 PERF INDEX in 1H shows an overall bearish trend. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 11,597.80 | 11,794.10 | 11,957.20 | 12,143.71 | 12,172.20 | 12,374.70 | 12,482.40 |
| Change (%) | -4.50% | -2.88% | -1.54% | - | +0.23% | +1.90% | +2.79% |
| Change | -545.91 | -349.61 | -186.51 | - | +28.49 | +230.99 | +338.69 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | 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 | 11,697.81 | 11,879.35 | 11,984.37 | 12,165.91 | 12,270.93 | 12,452.47 | 12,557.49 |
| Camarilla | 12,010.59 | 12,036.85 | 12,063.12 | 12,089.39 | 12,115.66 | 12,141.93 | 12,168.19 |
| Woodie | 11,659.55 | 11,860.22 | 11,946.11 | 12,146.78 | 12,232.67 | 12,433.34 | 12,519.23 |
| Fibonacci | 11,879.35 | 11,988.82 | 12,056.44 | 12,165.91 | 12,275.38 | 12,343.00 | 12,452.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,166.95 | 11,562.13 | 11,825.76 | 12,220.94 | 12,484.57 | 12,879.75 | 13,143.38 |
| Camarilla | 11,908.22 | 11,968.61 | 12,029.00 | 12,089.39 | 12,149.78 | 12,210.17 | 12,270.56 |
| Woodie | 11,101.17 | 11,529.24 | 11,759.98 | 12,188.05 | 12,418.80 | 12,846.86 | 13,077.61 |
| Fibonacci | 11,562.13 | 11,813.80 | 11,969.27 | 12,220.94 | 12,472.61 | 12,628.08 | 12,879.75 |
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): | 43.00 | |
| MACD (12,26,9): | -36.8900 | |
| Directional Movement: | -10.03 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 12,143.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,319.18 | |
| Elder Ray (13): | -38.60 | |
| Super Trend (3,10): | 12,063.45 | |
| Zig ZAG (10): | 12,125.62 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 27.87 | |
| TEMA (21): | 12,135.53 | |
| Williams %R (14): | -71.88 | |
| Chande Momentum Oscillator (20): | -40.96 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.16 |
| MA7: | 12,231.75 | |
| MA20: | 12,309.09 | |
| MA50: | 11,445.96 | |
| MA100: | 11,345.90 | |
| MAexp7: | 12,155.98 | |
| MAexp20: | 12,195.06 | |
| MAexp50: | 12,246.27 | |
| MAexp100: | 12,250.43 | |
| Price / MA7: | -0.72% | |
| Price / MA20: | -1.34% | |
| Price / MA50: | +6.10% | |
| Price / MA100: | +7.03% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | -0.84% | |
| Price / MAexp100: | -0.87% |
Quotes :
2020-06-29 09:27:39
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15 min delayed data
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Germany Indices
News
The last news published on DAX30 PERF INDEX at the time of the generation of this analysis 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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