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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 08/04/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 12,670.20 EUR
My targets
12,509.20 EUR (-0.86%)
12,374.70 EUR (-1.92%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 12,670.20 EUR remains possible. It is advisable to trade DAX30 PERF INDEX with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 12,670.20 EUR. The next bearish objective for sellers is set at 12,509.20 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12,374.70 EUR. In case of crossing, the next objective would be the support located at 11,794.10 EUR. PS: if there is a bullish break in the resistance located at 12,670.20 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7

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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 12,617.39 EUR. On the day, this instrument lost -0.23% and was traded between 12,536.80 EUR and 12,768.58 EUR over the period. The price is currently at +0.64% from its lowest and -1.18% from its highest.

12,536.80
12,768.58
12,617.39

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by DAX30 PERF INDEX:

Technical


A technical analysis in 1H of this DAX30 PERF INDEX chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11,794.10 12,374.70 12,509.20 12,617.39 12,670.20 12,870.60 13,069.20
Change (%) -6.53% -1.92% -0.86% - +0.42% +2.01% +3.58%
Change -823.29 -242.69 -108.19 - +52.81 +253.21 +451.81
Level Intermediate Major Intermediate - Minor Major Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,109.2612,237.4312,442.2112,570.3812,775.1612,903.3313,108.11
Camarilla12,555.4212,585.9412,616.4612,646.9812,677.5012,708.0212,738.54
Woodie12,147.5612,256.5812,480.5112,589.5312,813.4612,922.4813,146.41
Fibonacci12,237.4312,364.6212,443.2012,570.3812,697.5712,776.1512,903.33


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,384.0911,819.0112,066.1812,501.1012,748.2713,183.1913,430.36
Camarilla12,125.7912,188.3112,250.8412,313.3612,375.8912,438.4112,500.94
Woodie11,290.2311,772.0711,972.3212,454.1612,654.4113,136.2513,336.50
Fibonacci11,819.0112,079.5712,240.5412,501.1012,761.6612,922.6313,183.19


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,615.5411,355.3211,834.3412,574.1213,053.1413,792.9214,271.94
Camarilla11,978.1912,089.9112,201.6412,313.3612,425.0812,536.8112,648.53
Woodie10,485.1611,290.1311,703.9612,508.9312,922.7613,727.7314,141.56
Fibonacci11,355.3211,820.9012,108.5412,574.1213,039.7013,327.3413,792.92

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): 53.73
MACD (12,26,9): 8.6700
Directional Movement: 15.29
AROON (14): 71.42
DEMA (21): 12,549.25
Parabolic SAR (0,02-0,02-0,2): 12,483.28
Elder Ray (13): 38.02
Super Trend (3,10): 12,436.80
Zig ZAG (10): 12,604.84
VORTEX (21): 1.1300
Stochastique (14,3,5): 61.50
TEMA (21): 12,616.58
Williams %R (14): -35.15
Chande Momentum Oscillator (20): 295.31
Repulse (5,40,3): -0.4900
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 2.77
MA7: 12,637.11
MA20: 12,777.39
MA50: 12,468.27
MA100: 11,340.05
MAexp7: 12,597.62
MAexp20: 12,556.41
MAexp50: 12,624.41
MAexp100: 12,706.65
Price / MA7: -0.16%
Price / MA20: -1.25%
Price / MA50: +1.20%
Price / MA100: +11.26%
Price / MAexp7: +0.16%
Price / MAexp20: +0.49%
Price / MAexp50: -0.06%
Price / MAexp100: -0.70%

Quotes : 2020-08-04 09:16:44 - 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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