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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 07/03/2020 (GMT)

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

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 12,482.40 EUR
My targets
12,763.90 EUR (+1.12%)
12,876.30 EUR (+2.01%)
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 12,482.40 EUR. The next resistance located at 12,763.90 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 12,876.30 EUR. After this resistance, buyers could then target 13,559.60 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
7.7

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

DAX30 PERF INDEX rating 12,622.44 EUR. The price has increased by +0.11% since the last closing with the lowest point at 12,604.01 EUR and the highest point at 12,649.98 EUR. The deviation from the price is +0.15% for the low point and -0.22% for the high point.

12,604.01
12,649.98
12,622.44

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of DAX30 PERF INDEX in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

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 this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12,374.70 12,482.40 12,616.10 12,622.44 12,763.90 12,876.30 13,559.60
Change (%) -1.96% -1.11% -0.05% - +1.12% +2.01% +7.42%
Change -247.74 -140.04 -6.34 - +141.46 +253.86 +937.16
Level Minor Intermediate Intermediate - Minor 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
Standard12,145.9512,258.3312,433.4012,545.7812,720.8512,833.2313,008.30
Camarilla12,529.4112,555.7612,582.1112,608.4612,634.8112,661.1612,687.51
Woodie12,177.2812,274.0012,464.7412,561.4512,752.1912,848.9013,039.64
Fibonacci12,258.3312,368.1412,435.9812,545.7812,655.5912,723.4312,833.23


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,166.9511,562.1311,825.7612,220.9412,484.5712,879.7513,143.38
Camarilla11,908.2211,968.6112,029.0012,089.3912,149.7812,210.1712,270.56
Woodie11,101.1711,529.2411,759.9812,188.0512,418.8012,846.8613,077.61
Fibonacci11,562.1311,813.8011,969.2712,220.9412,472.6112,628.0812,879.75


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,319.4810,958.6511,634.7912,273.9612,950.1013,589.2714,265.41
Camarilla11,949.2212,069.7912,190.3612,310.9312,431.5012,552.0712,672.64
Woodie10,337.9710,967.8911,653.2812,283.2012,968.5813,598.5114,283.89
Fibonacci10,958.6511,461.1011,771.5112,273.9612,776.4113,086.8213,589.27

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): 65.50
MACD (12,26,9): 95.0900
Directional Movement: 21.69
AROON (14): 85.71
DEMA (21): 12,564.35
Parabolic SAR (0,02-0,02-0,2): 12,310.75
Elder Ray (13): 122.67
Super Trend (3,10): 12,385.55
Zig ZAG (10): 12,616.90
VORTEX (21): 1.1100
Stochastique (14,3,5): 89.18
TEMA (21): 12,626.70
Williams %R (14): -6.60
Chande Momentum Oscillator (20): 322.97
Repulse (5,40,3): -0.0200
ROCnROLL: 1
TRIX (15,9): 0.0900
Courbe Coppock: 4.86
MA7: 12,330.14
MA20: 12,314.71
MA50: 11,604.64
MA100: 11,304.28
MAexp7: 12,569.45
MAexp20: 12,452.47
MAexp50: 12,354.25
MAexp100: 12,307.42
Price / MA7: +2.37%
Price / MA20: +2.50%
Price / MA50: +8.77%
Price / MA100: +11.66%
Price / MAexp7: +0.42%
Price / MAexp20: +1.37%
Price / MAexp50: +2.17%
Price / MAexp100: +2.56%

Quotes : 2020-07-03 07:50:09 - 15 min delayed data - Germany Indices

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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