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 - 15 min. - Technical analysis published on 09/24/2020 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bearish
De fond: Bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 12,705.55 EUR
My targets
12,580.39 EUR (-0.16%)
12,517.82 EUR (-0.66%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on DAX30 PERF INDEX as long as the price remains well below 12,705.55 EUR. The next bearish objective for sellers is set at 12,580.39 EUR. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 12,517.82 EUR. If there is any crossing, the next objective would be the support located at 12,392.66 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.6

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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The DAX30 PERF INDEX rating is 12,600.48 EUR. On the day, this instrument lost -0.34% and was between 12,512.50 EUR and 12,684.80 EUR. This implies that the price is at +0.70% from its lowest and at -0.66% from its highest.

12,512.50
12,684.80
12,600.48

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.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of DAX30 PERF INDEX indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 15 minutes



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12,374.70 12,505.20 12,594.40 12,600.48 12,873.20 13,143.90 13,267.60
Change (%) -1.79% -0.76% -0.05% - +2.16% +4.31% +5.29%
Change -225.78 -95.28 -6.08 - +272.72 +543.42 +667.12
Level Minor Minor Intermediate - Major Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,392.6612,517.8212,580.3912,705.5512,768.1212,893.2812,955.85
Camarilla12,591.3412,608.5512,625.7612,642.9712,660.1812,677.3912,694.60
Woodie12,361.3712,502.1712,549.1112,689.9012,736.8412,877.6312,924.57
Fibonacci12,517.8212,589.5312,633.8312,705.5512,777.2612,821.5612,893.28


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,685.2212,860.5812,988.4113,163.7813,291.6113,466.9813,594.81
Camarilla13,032.8713,060.6613,088.4613,116.2513,144.0413,171.8413,199.63
Woodie12,661.4512,848.7012,964.6513,151.9013,267.8513,455.0913,571.05
Fibonacci12,860.5812,976.4013,047.9613,163.7813,279.6013,351.1513,466.98


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): 41.26
MACD (12,26,9): -11.2800
Directional Movement: -12.20
AROON (14): -50.00
DEMA (21): 12,616.95
Parabolic SAR (0,02-0,02-0,2): 12,675.14
Elder Ray (13): -21.78
Super Trend (3,10): 12,595.18
Zig ZAG (10): 12,600.18
VORTEX (21): 1.0500
Stochastique (14,3,5): 17.01
TEMA (21): 12,617.00
Williams %R (14): -90.51
Chande Momentum Oscillator (20): -62.44
Repulse (5,40,3): -0.1800
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.60
MA7: 12,853.62
MA20: 13,009.54
MA50: 12,922.34
MA100: 12,444.46
MAexp7: 12,625.28
MAexp20: 12,634.58
MAexp50: 12,661.26
MAexp100: 12,712.37
Price / MA7: -1.97%
Price / MA20: -3.14%
Price / MA50: -2.49%
Price / MA100: +1.25%
Price / MAexp7: -0.20%
Price / MAexp20: -0.27%
Price / MAexp50: -0.48%
Price / MAexp100: -0.88%

Quotes : 2020-09-24 13:15:57 - 15 min delayed data - Germany Indices

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

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