DAX40 PERF INDEX - 1H - Technical analysis published on 10/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 12,565.23 | 12,692.75 | 12,773.70 | 12,901.22 | 12,982.17 | 13,109.69 | 13,190.65 |
| Camarilla | 12,797.33 | 12,816.44 | 12,835.55 | 12,854.66 | 12,873.77 | 12,892.88 | 12,911.99 |
| Woodie | 12,541.95 | 12,681.11 | 12,750.43 | 12,889.58 | 12,958.90 | 13,098.05 | 13,167.37 |
| Fibonacci | 12,692.75 | 12,772.38 | 12,821.58 | 12,901.22 | 12,980.85 | 13,030.05 | 13,109.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,069.93 | 12,334.87 | 12,621.93 | 12,886.87 | 13,173.93 | 13,438.87 | 13,725.93 |
| Camarilla | 12,757.20 | 12,807.80 | 12,858.40 | 12,909.00 | 12,959.60 | 13,010.20 | 13,060.80 |
| Woodie | 12,081.00 | 12,340.40 | 12,633.00 | 12,892.40 | 13,185.00 | 13,444.40 | 13,737.00 |
| Fibonacci | 12,334.87 | 12,545.73 | 12,676.00 | 12,886.87 | 13,097.73 | 13,228.00 | 13,438.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,129.13 | 11,735.37 | 12,248.03 | 12,854.27 | 13,366.93 | 13,973.17 | 14,485.83 |
| Camarilla | 12,453.00 | 12,555.57 | 12,658.13 | 12,760.70 | 12,863.27 | 12,965.83 | 13,068.40 |
| Woodie | 11,082.35 | 11,711.97 | 12,201.25 | 12,830.88 | 13,320.15 | 13,949.78 | 14,439.05 |
| Fibonacci | 11,735.37 | 12,162.79 | 12,426.85 | 12,854.27 | 13,281.69 | 13,545.75 | 13,973.17 |
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
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15 min delayed data
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Germany Indices
News
The latest news and videos published on DAX30 PERF INDEX at the time of the analysis were as follows:
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Will the DAX continue to push higher? - 2nd June 2020
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Stock Market Outlook: Dow Jones, S&P 500, DAX 30 Trends and Positioning
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DAX Forecast May 11, 2020
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DAX Forecast May 1, 2020
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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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