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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 10/06/2020 (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
72%
0%
28%
My opinion
Bullish above 12,695.70 EUR
My targets
12,873.20 EUR (+0.35%)
13,035.90 EUR (+1.62%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DAX30 PERF INDEX as long as the price remains well above 12,695.70 EUR. The buyers” bullish objective is set at 12,873.20 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13,035.90 EUR. If there is any crossing, the next objective would be the resistance located at 13,142.00 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
7.3

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.

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

DAX30 PERF INDEX rating 12,827.84 EUR. The price has increased by +0.00% since the last closing with the lowest point at 12,779.65 EUR and the highest point at 12,872.30 EUR. The deviation from the price is +0.38% for the low point and -0.35% for the high point.

12,779.65
12,872.30
12,827.84

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:

Technical


Technical analysis of this 1H chart of DAX30 PERF INDEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12,507.60 12,594.40 12,695.70 12,827.84 12,873.20 13,035.90 13,142.00
Change (%) -2.50% -1.82% -1.03% - +0.35% +1.62% +2.45%
Change -320.24 -233.44 -132.14 - +45.36 +208.06 +314.16
Level Major Minor Minor - Major Minor Intermediate



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
Standard12,641.8212,684.7812,756.5512,799.5112,871.2812,914.2412,986.01
Camarilla12,796.7612,807.2812,817.7912,828.3112,838.8312,849.3412,859.86
Woodie12,656.2112,691.9812,770.9512,806.7112,885.6812,921.4413,000.41
Fibonacci12,684.7812,728.6112,755.6912,799.5112,843.3412,870.4212,914.24


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,194.5912,367.2312,528.1312,700.7712,861.6713,034.3113,195.21
Camarilla12,597.3212,627.8912,658.4712,689.0412,719.6212,750.1912,780.76
Woodie12,188.7312,364.3012,522.2712,697.8412,855.8113,031.3813,189.35
Fibonacci12,367.2312,494.6412,573.3612,700.7712,828.1812,906.9013,034.31


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,129.1711,735.3812,248.0512,854.2613,366.9313,973.1414,485.81
Camarilla12,453.0412,555.6012,658.1712,760.7312,863.3012,965.8613,068.42
Woodie11,082.4111,712.0012,201.2912,830.8813,320.1713,949.7614,439.05
Fibonacci11,735.3812,162.7912,426.8512,854.2613,281.6713,545.7313,973.14

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): 62.04
MACD (12,26,9): 29.0100
Directional Movement: 10.01
AROON (14): 85.71
DEMA (21): 12,791.41
Parabolic SAR (0,02-0,02-0,2): 12,626.08
Elder Ray (13): 25.97
Super Trend (3,10): 12,688.27
Zig ZAG (10): 12,814.73
VORTEX (21): 1.0700
Stochastique (14,3,5): 80.62
TEMA (21): 12,818.92
Williams %R (14): -21.50
Chande Momentum Oscillator (20): 128.08
Repulse (5,40,3): 0.0200
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 2.86
MA7: 12,789.47
MA20: 12,901.39
MA50: 12,885.23
MA100: 12,607.35
MAexp7: 12,803.31
MAexp20: 12,763.06
MAexp50: 12,746.32
MAexp100: 12,782.84
Price / MA7: +0.30%
Price / MA20: -0.57%
Price / MA50: -0.45%
Price / MA100: +1.75%
Price / MAexp7: +0.19%
Price / MAexp20: +0.51%
Price / MAexp50: +0.64%
Price / MAexp100: +0.35%

Quotes : 2020-10-06 09:51:39 - 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.

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Londinia
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