DAX30 PERF INDEX
DAX30 PERF INDEX
13,335.68 EUR (+0.37%)
Closed 15 min delayed data - Germany Indices
Open: 13,280.51
Change: +49.11
Volume: 331,211
Low: 13,272.74
High: 13,364.17
High / Low range: 91.43
Type: Indices
Ticker: DAX
ISIN: DE0008469008

DAX30 PERF INDEX - 1H - Technical analysis published on 10/20/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-10-20 13:52:50
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 12,873.20 EUR
My targets
12,698.40 EUR (-0.46%)
12,598.70 EUR (-1.24%)
My analysis
The bearish trend is currently very strong for DAX30 PERF INDEX. As long as the price remains below the resistance at 12,873.20 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 12,698.40 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12,598.70 EUR as an objective. Crossing it would then enable sellers to target 12,374.70 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

DAX30 PERF INDEX rating 12,757.23 EUR. The price registered a decrease of -0.76% on the session and was traded between 12,725.45 EUR and 12,850.29 EUR over the period. The price is currently at +0.25% from its lowest and -0.72% from its highest.

12,725.45
12,850.29
12,757.23

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of this 1H chart of DAX30 PERF INDEX indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour



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

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 12,598.70 12,698.40 12,757.23 12,873.20 12,962.90 13,150.80
Change (%) -3.00% -1.24% -0.46% - +0.91% +1.61% +3.09%
Change -382.53 -158.53 -58.83 - +115.97 +205.67 +393.57
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
Standard12,565.2312,692.7512,773.7012,901.2212,982.1713,109.6913,190.65
Camarilla12,797.3312,816.4412,835.5512,854.6612,873.7712,892.8812,911.99
Woodie12,541.9512,681.1112,750.4312,889.5812,958.9013,098.0513,167.37
Fibonacci12,692.7512,772.3812,821.5812,901.2212,980.8513,030.0513,109.69


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,069.9312,334.8712,621.9312,886.8713,173.9313,438.8713,725.93
Camarilla12,757.2012,807.8012,858.4012,909.0012,959.6013,010.2013,060.80
Woodie12,081.0012,340.4012,633.0012,892.4013,185.0013,444.4013,737.00
Fibonacci12,334.8712,545.7312,676.0012,886.8713,097.7313,228.0013,438.87


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,129.1311,735.3712,248.0312,854.2713,366.9313,973.1714,485.83
Camarilla12,453.0012,555.5712,658.1312,760.7012,863.2712,965.8313,068.40
Woodie11,082.3511,711.9712,201.2512,830.8813,320.1513,949.7814,439.05
Fibonacci11,735.3712,162.7912,426.8512,854.2713,281.6913,545.7513,973.17

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 39.87
MACD (12,26,9): -21.4400
Directional Movement: -15.72
AROON (14): -92.86
DEMA (21): 12,810.61
Parabolic SAR (0,02-0,02-0,2): 12,959.68
Elder Ray (13): -49.37
Super Trend (3,10): 12,929.47
Zig ZAG (10): 12,774.69
VORTEX (21): 0.9700
Stochastique (14,3,5): 15.95
TEMA (21): 12,805.78
Williams %R (14): -82.15
Chande Momentum Oscillator (20): -156.60
Repulse (5,40,3): -0.2200
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 1.61
MA7: 12,918.26
MA20: 12,839.29
MA50: 12,949.37
MA100: 12,758.84
MAexp7: 12,804.29
MAexp20: 12,836.06
MAexp50: 12,870.41
MAexp100: 12,885.80
Price / MA7: -1.25%
Price / MA20: -0.64%
Price / MA50: -1.48%
Price / MA100: -0.01%
Price / MAexp7: -0.37%
Price / MAexp20: -0.61%
Price / MAexp50: -0.88%
Price / MAexp100: -1.00%

Quotes : 2020-10-20 13:37:19 - 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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