DAX40 PERF INDEX - Daily - Technical analysis published on 07/14/2020 (GMT)
- Who voted?
- 231
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 12,374.70 EUR
My targets
12,870.60 EUR (+2.12%)
13,559.60 EUR (+7.59%)
My analysis
The bullish trend is currently very strong on DAX30 PERF INDEX. As long as the price remains above the support at 12,374.70 EUR, you could try to benefit from the boom. The first bullish objective is located at 12,870.60 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13,559.60 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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.
This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX30 PERF INDEX rating is 12,603.31 EUR. The price registered a decrease of -1.54% on the session and was between 12,535.90 EUR and 12,660.51 EUR. This implies that the price is at +0.54% from its lowest and at -0.45% from its highest.12,535.90
12,660.51
12,603.31
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
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
A technical analysis in Daily of this DAX30 PERF INDEX chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 10,387.50 | 11,794.10 | 12,374.70 | 12,603.31 | 12,870.60 | 13,559.60 |
Change (%) | -17.58% | -6.42% | -1.81% | - | +2.12% | +7.59% |
Change | -2,215.81 | -809.21 | -228.61 | - | +267.29 | +956.29 |
Level | Major | Major | 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 |
---|---|---|---|---|---|---|---|
Standard | 12,566.33 | 12,627.64 | 12,713.80 | 12,775.11 | 12,861.27 | 12,922.58 | 13,008.74 |
Camarilla | 12,759.42 | 12,772.93 | 12,786.45 | 12,799.97 | 12,813.49 | 12,827.01 | 12,840.52 |
Woodie | 12,578.77 | 12,633.85 | 12,726.24 | 12,781.32 | 12,873.71 | 12,928.79 | 13,021.17 |
Fibonacci | 12,627.64 | 12,683.97 | 12,718.77 | 12,775.11 | 12,831.44 | 12,866.24 | 12,922.58 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11,993.49 | 12,205.09 | 12,419.40 | 12,631.00 | 12,845.31 | 13,056.91 | 13,271.22 |
Camarilla | 12,516.59 | 12,555.63 | 12,594.67 | 12,633.71 | 12,672.75 | 12,711.79 | 12,750.84 |
Woodie | 11,994.85 | 12,205.77 | 12,420.76 | 12,631.68 | 12,846.67 | 13,057.59 | 13,272.57 |
Fibonacci | 12,205.09 | 12,367.79 | 12,468.30 | 12,631.00 | 12,793.70 | 12,894.21 | 13,056.91 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10,319.47 | 10,958.63 | 11,634.77 | 12,273.93 | 12,950.07 | 13,589.23 | 14,265.37 |
Camarilla | 11,949.19 | 12,069.76 | 12,190.33 | 12,310.90 | 12,431.47 | 12,552.04 | 12,672.61 |
Woodie | 10,337.95 | 10,967.88 | 11,653.25 | 12,283.18 | 12,968.55 | 13,598.48 | 14,283.85 |
Fibonacci | 10,958.63 | 11,461.08 | 11,771.49 | 12,273.93 | 12,776.38 | 13,086.79 | 13,589.23 |
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): | 56.66 | |
MACD (12,26,9): | 203.8300 | |
Directional Movement: | 3.80 | |
AROON (14): | 50.00 | |
DEMA (21): | 12,711.92 | |
Parabolic SAR (0,02-0,02-0,2): | 12,126.58 | |
Elder Ray (13): | 78.84 | |
Super Trend (3,10): | 11,972.02 | |
Zig ZAG (10): | 12,571.89 | |
VORTEX (21): | 1.0200 | |
Stochastique (14,3,5): | 80.18 | |
TEMA (21): | 12,657.82 | |
Williams %R (14): | -30.49 | |
Chande Momentum Oscillator (20): | 483.22 | |
Repulse (5,40,3): | -0.2700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2500 | |
Courbe Coppock: | 5.86 |
MA7: | 12,619.71 | |
MA20: | 12,422.13 | |
MA50: | 11,875.03 | |
MA100: | 11,225.58 | |
MAexp7: | 12,592.01 | |
MAexp20: | 12,422.02 | |
MAexp50: | 12,003.09 | |
MAexp100: | 11,824.50 | |
Price / MA7: | -0.13% | |
Price / MA20: | +1.46% | |
Price / MA50: | +6.13% | |
Price / MA100: | +12.27% | |
Price / MAexp7: | +0.09% | |
Price / MAexp20: | +1.46% | |
Price / MAexp50: | +5.00% | |
Price / MAexp100: | +6.59% |
Quotes :
2020-07-14 08:07:36
-
15 min delayed data
-
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.
About author
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…
Add a comment
Comments
0 comments on the analysis DAX40 PERF INDEX - Daily