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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 09/14/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
28%
11%
My opinion
Bullish above 13,220.30 EUR
My targets
13,460.50 EUR (+1.21%)
13,559.60 EUR (+1.96%)
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 13,220.30 EUR. The next resistance located at 13,460.50 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 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.8

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.

huthayfa
This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The DAX30 PERF INDEX price is 13,298.98 EUR. The price has increased by +0.73% since the last closing and was traded between 13,292.52 EUR and 13,339.14 EUR over the period. The price is currently at +0.05% from its lowest and -0.30% from its highest.

13,292.52
13,339.14
13,298.98

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.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of DAX30 PERF INDEX indicates that the overall trend is strongly bullish. 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 is currently detecting several bullish signals that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 11 are bullish, 2 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 13,052.50 13,220.30 13,298.80 13,298.98 13,460.50 13,559.60
Change (%) -1.85% -0.59% +0.00% - +1.21% +1.96%
Change -246.48 -78.68 -0.18 - +161.52 +260.62
Level Minor Intermediate Minor - Minor 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
Standard12,990.3713,053.9113,128.3813,191.9213,266.3913,329.9313,404.40
Camarilla13,164.8913,177.5413,190.1913,202.8413,215.4913,228.1413,240.79
Woodie13,005.2213,083.5713,141.0013,219.3613,276.7813,355.1313,412.56
Fibonacci13,087.0613,138.9313,170.9813,222.8413,274.7113,306.7613,358.62


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,499.2012,677.8712,940.3613,119.0313,381.5213,560.1913,822.68
Camarilla13,081.5213,121.9613,162.4013,202.8413,243.2813,283.7213,324.16
Woodie11,782.5112,268.1012,489.2812,974.8713,196.0513,681.6413,902.81
Fibonacci12,312.1712,582.1512,748.9513,018.9413,288.9213,455.7213,725.71


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,610.4911,988.0512,466.7112,844.2713,322.9313,700.4914,179.16
Camarilla12,709.9212,788.4112,866.8912,945.3813,023.8713,102.3513,180.84
Woodie11,661.0512,013.3212,517.2712,869.5513,373.4913,725.7714,229.71
Fibonacci11,988.0512,315.1212,517.1912,844.2713,171.3413,373.4113,700.49

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): 63.28
MACD (12,26,9): 25.9500
Directional Movement: 12.71
AROON (14): 14.29
DEMA (21): 13,225.21
Parabolic SAR (0,02-0,02-0,2): 13,117.46
Elder Ray (13): 32.64
Super Trend (3,10): 13,070.83
Zig ZAG (10): 13,202.84
VORTEX (21): 1.0600
Stochastique (14,3,5): 33.10
TEMA (21): 13,203.19
Williams %R (14): -52.63
Chande Momentum Oscillator (20): -35.47
Repulse (5,40,3): 0.0100
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 0.76
MA7: 13,088.28
MA20: 13,049.63
MA50: 12,891.82
MA100: 12,269.47
MAexp7: 13,186.87
MAexp20: 13,190.75
MAexp50: 13,149.64
MAexp100: 13,112.22
Price / MA7: +1.61%
Price / MA20: +1.91%
Price / MA50: +3.16%
Price / MA100: +8.39%
Price / MAexp7: +0.85%
Price / MAexp20: +0.82%
Price / MAexp50: +1.14%
Price / MAexp100: +1.42%

Quotes : 2020-09-14 07:13:12 - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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…

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