DAX40 PERF INDEX - 15 min. - Technical analysis published on 09/14/2020 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 13,191.92 EUR
My targets
13,329.93 EUR (+0.20%)
13,404.40 EUR (+0.76%)
My analysis
The bullish trend is currently very strong on DAX30 PERF INDEX. As long as the price remains above the support at 13,191.92 EUR, you could try to benefit from the boom. The first bullish objective is located at 13,329.93 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13,404.40 EUR as an objective. Crossing it would then enable buyers to target 13,460.50 EUR. 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX30 PERF INDEX price is 13,302.94 EUR. The price has increased by +0.76% since the last closing with the lowest point at 13,292.52 EUR and the highest point at 13,339.14 EUR. The deviation from the price is +0.08% for the low point and -0.27% for the high point.13,292.52
13,339.14
13,302.94
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
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:
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
A technical analysis in 15 min. of this DAX30 PERF INDEX chart shows a strongly 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, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
MACD indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 13,052.50 | 13,220.30 | 13,298.80 | 13,302.94 | 13,460.50 | 13,559.60 |
| Change (%) | -1.88% | -0.62% | -0.03% | - | +1.18% | +1.93% |
| Change | -250.44 | -82.64 | -4.14 | - | +157.56 | +256.66 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 12,990.37 | 13,053.91 | 13,128.38 | 13,191.92 | 13,266.39 | 13,329.93 | 13,404.40 |
| Camarilla | 13,164.89 | 13,177.54 | 13,190.19 | 13,202.84 | 13,215.49 | 13,228.14 | 13,240.79 |
| Woodie | 13,005.22 | 13,083.57 | 13,141.00 | 13,219.36 | 13,276.78 | 13,332.66 | 13,409.86 |
| Fibonacci | 13,087.06 | 13,138.93 | 13,170.98 | 13,222.84 | 13,274.71 | 13,306.76 | 13,358.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,499.20 | 12,677.87 | 12,940.36 | 13,119.03 | 13,381.52 | 13,560.19 | 13,822.68 |
| Camarilla | 13,081.52 | 13,121.96 | 13,162.40 | 13,202.84 | 13,243.28 | 13,283.72 | 13,324.16 |
| Woodie | 11,782.51 | 12,268.10 | 12,489.28 | 12,974.87 | 13,196.05 | 13,681.64 | 13,864.58 |
| Fibonacci | 12,312.17 | 12,582.15 | 12,748.95 | 13,018.94 | 13,288.92 | 13,455.72 | 13,725.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,610.49 | 11,988.05 | 12,466.71 | 12,844.27 | 13,322.93 | 13,700.49 | 14,179.16 |
| Camarilla | 12,709.92 | 12,788.41 | 12,866.89 | 12,945.38 | 13,023.87 | 13,102.35 | 13,180.84 |
| Woodie | 11,661.05 | 12,013.32 | 12,517.27 | 12,869.55 | 13,373.49 | 13,725.77 | 14,229.71 |
| Fibonacci | 11,988.05 | 12,315.12 | 12,517.19 | 12,844.27 | 13,171.34 | 13,373.41 | 13,700.49 |
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): | 67.66 | |
| MACD (12,26,9): | 10.9600 | |
| Directional Movement: | 23.17 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 13,210.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,147.72 | |
| Elder Ray (13): | 15.77 | |
| Super Trend (3,10): | 13,234.93 | |
| Zig ZAG (10): | 13,202.84 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 79.53 | |
| TEMA (21): | 13,199.51 | |
| Williams %R (14): | -32.90 | |
| Chande Momentum Oscillator (20): | 1.81 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.05 |
| MA7: | 13,088.28 | |
| MA20: | 13,049.63 | |
| MA50: | 12,891.82 | |
| MA100: | 12,269.47 | |
| MAexp7: | 13,200.23 | |
| MAexp20: | 13,203.58 | |
| MAexp50: | 13,196.88 | |
| MAexp100: | 13,177.28 | |
| Price / MA7: | +1.64% | |
| Price / MA20: | +1.94% | |
| Price / MA50: | +3.19% | |
| Price / MA100: | +8.42% | |
| Price / MAexp7: | +0.78% | |
| Price / MAexp20: | +0.75% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | +0.95% |
Quotes :
2020-09-14 07:13:36
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15 min delayed data
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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
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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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