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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 10/07/2020 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 12,695.70 EUR
My targets
13,035.90 EUR (+1.28%)
13,142.00 EUR (+2.10%)
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 12,695.70 EUR. The next resistance located at 13,035.90 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 13,142.00 EUR. After this resistance, buyers could then target 13,262.00 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6

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 12,871.55 EUR. The price registered a decrease of -0.27% on the session with the lowest point at 12,857.52 EUR and the highest point at 12,959.02 EUR. The deviation from the price is +0.11% for the low point and -0.67% for the high point.

12,857.52
12,959.02
12,871.55

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

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. 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 scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



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 12,507.60 12,695.70 12,871.55 12,873.20 13,035.90 13,142.00
Change (%) -3.86% -2.83% -1.37% - +0.01% +1.28% +2.10%
Change -496.85 -363.95 -175.85 - +1.65 +164.35 +270.45
Level Intermediate Intermediate Minor - Major Minor 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
Standard12,615.3112,697.4812,801.7512,883.9212,988.1913,070.3613,174.63
Camarilla12,854.7512,871.8412,888.9312,906.0212,923.1112,940.2012,957.29
Woodie12,626.3612,703.0112,812.8012,889.4512,999.2413,075.8813,185.68
Fibonacci12,697.4812,768.7012,812.7012,883.9212,955.1412,999.1413,070.36


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 57.31
MACD (12,26,9): 41.9900
Directional Movement: 16.36
AROON (14): 35.71
DEMA (21): 12,899.81
Parabolic SAR (0,02-0,02-0,2): 12,843.31
Elder Ray (13): -1.27
Super Trend (3,10): 12,781.46
Zig ZAG (10): 12,869.18
VORTEX (21): 1.1600
Stochastique (14,3,5): 53.30
TEMA (21): 12,921.56
Williams %R (14): -51.92
Chande Momentum Oscillator (20): 43.70
Repulse (5,40,3): -0.2900
ROCnROLL: -1
TRIX (15,9): 0.0500
Courbe Coppock: 1.59
MA7: 12,800.13
MA20: 12,887.02
MA50: 12,887.70
MA100: 12,626.04
MAexp7: 12,881.42
MAexp20: 12,845.19
MAexp50: 12,795.00
MAexp100: 12,802.33
Price / MA7: +0.56%
Price / MA20: -0.12%
Price / MA50: -0.13%
Price / MA100: +1.94%
Price / MAexp7: -0.08%
Price / MAexp20: +0.21%
Price / MAexp50: +0.60%
Price / MAexp100: +0.54%

Quotes : 2020-10-07 10:16:52 - 15 min delayed data - Germany Indices

News


The latest news and videos published on DAX30 PERF INDEX at the time of the analysis were as follows:

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

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Londinia
Londinia AI

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