DAX40 PERF INDEX - 1H - Technical analysis published on 08/10/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Neutral between 12,529.10 EUR and 12,870.60 EUR
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 12,870.60 EUR. The first support is located at 12,529.10 EUR. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by DAX30 PERF INDEX.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX30 PERF INDEX price is 12,659.29 EUR. The price is lower by -0.12% since the last closing with the lowest point at 12,605.82 EUR and the highest point at 12,753.12 EUR. The deviation from the price is +0.42% for the low point and -0.74% for the high point.12,605.82
12,753.12
12,659.29
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
Technical
Technical analysis of this 1H chart of DAX30 PERF INDEX indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 12,253.90 | 12,374.70 | 12,529.10 | 12,659.29 | 12,674.00 | 12,870.60 | 13,069.20 |
| Change (%) | -3.20% | -2.25% | -1.03% | - | +0.12% | +1.67% | +3.24% |
| Change | -405.39 | -284.59 | -130.19 | - | +14.71 | +211.31 | +409.91 |
| Level | Intermediate | Major | Major | - | Minor | Major | Minor |
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 | 12,390.11 | 12,453.77 | 12,564.33 | 12,627.99 | 12,738.55 | 12,802.21 | 12,912.77 |
| Camarilla | 12,626.97 | 12,642.94 | 12,658.91 | 12,674.88 | 12,690.85 | 12,706.82 | 12,722.79 |
| Woodie | 12,413.55 | 12,465.50 | 12,587.77 | 12,639.72 | 12,761.99 | 12,813.94 | 12,936.21 |
| Fibonacci | 12,453.77 | 12,520.33 | 12,561.44 | 12,627.99 | 12,694.55 | 12,735.66 | 12,802.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,993.64 | 12,179.62 | 12,427.25 | 12,613.23 | 12,860.86 | 13,046.84 | 13,294.47 |
| Camarilla | 12,555.64 | 12,595.38 | 12,635.13 | 12,674.88 | 12,714.63 | 12,754.38 | 12,794.12 |
| Woodie | 12,024.46 | 12,195.03 | 12,458.08 | 12,628.64 | 12,891.69 | 13,062.25 | 13,325.30 |
| Fibonacci | 12,179.62 | 12,345.26 | 12,447.59 | 12,613.23 | 12,778.87 | 12,881.20 | 13,046.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,615.57 | 11,355.33 | 11,834.37 | 12,574.13 | 13,053.17 | 13,792.93 | 14,271.97 |
| Camarilla | 11,978.23 | 12,089.95 | 12,201.68 | 12,313.40 | 12,425.12 | 12,536.85 | 12,648.57 |
| Woodie | 10,485.20 | 11,290.15 | 11,704.00 | 12,508.95 | 12,922.80 | 13,727.75 | 14,141.60 |
| Fibonacci | 11,355.33 | 11,820.92 | 12,108.55 | 12,574.13 | 13,039.72 | 13,327.35 | 13,792.93 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.98 | |
| MACD (12,26,9): | 7.7600 | |
| Directional Movement: | 10.67 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 12,645.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,539.85 | |
| Elder Ray (13): | 2.26 | |
| Super Trend (3,10): | 12,520.18 | |
| Zig ZAG (10): | 12,643.28 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 70.56 | |
| TEMA (21): | 12,649.68 | |
| Williams %R (14): | -45.92 | |
| Chande Momentum Oscillator (20): | 38.08 | |
| Repulse (5,40,3): | -0.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.36 |
| MA7: | 12,590.47 | |
| MA20: | 12,784.09 | |
| MA50: | 12,548.70 | |
| MA100: | 11,484.83 | |
| MAexp7: | 12,649.42 | |
| MAexp20: | 12,633.93 | |
| MAexp50: | 12,633.77 | |
| MAexp100: | 12,672.97 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | -0.98% | |
| Price / MA50: | +0.88% | |
| Price / MA100: | +10.23% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | -0.11% |
Quotes :
2020-08-10 09:06:32
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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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