DAX40 PERF INDEX - 1H - Technical analysis published on 10/27/2020 (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
17%
72%
11%
My opinion
Bearish under 12,374.70 EUR
My targets
11,794.10 EUR (-2.48%)
11,634.77 EUR (-3.80%)
My analysis
All elements being clearly 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 12,374.70 EUR. The sellers” bearish objective is set at 11,794.10 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11,634.77 EUR. In case of crossing, the next objective would be the support located at 10,387.50 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
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Additional analysis
Quotes
The DAX30 PERF INDEX price is 12,094.22 EUR. The price is lower by -0.68% since the last closing and was between 12,067.46 EUR and 12,223.60 EUR. This implies that the price is at +0.22% from its lowest and at -1.06% from its highest.12,067.46
12,223.60
12,094.22
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of DAX30 PERF INDEX in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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 | 9,525.77 | 10,387.50 | 11,794.10 | 12,094.22 | 12,374.70 | 12,541.40 | 12,719.30 |
| Change (%) | -21.24% | -14.11% | -2.48% | - | +2.32% | +3.70% | +5.17% |
| Change | -2,568.45 | -1,706.72 | -300.12 | - | +280.48 | +447.18 | +625.08 |
| Level | Minor | Major | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 11,869.13 | 12,021.67 | 12,099.43 | 12,251.97 | 12,329.73 | 12,482.27 | 12,560.03 |
| Camarilla | 12,113.87 | 12,134.98 | 12,156.09 | 12,177.20 | 12,198.31 | 12,219.42 | 12,240.53 |
| Woodie | 11,831.75 | 12,002.98 | 12,062.05 | 12,233.28 | 12,292.35 | 12,463.58 | 12,522.65 |
| Fibonacci | 12,021.67 | 12,109.64 | 12,163.99 | 12,251.97 | 12,339.94 | 12,394.29 | 12,482.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,634.77 | 11,990.13 | 12,317.97 | 12,673.33 | 13,001.17 | 13,356.53 | 13,684.37 |
| Camarilla | 12,457.92 | 12,520.55 | 12,583.17 | 12,645.80 | 12,708.43 | 12,771.05 | 12,833.68 |
| Woodie | 11,621.00 | 11,983.25 | 12,304.20 | 12,666.45 | 12,987.40 | 13,349.65 | 13,670.60 |
| Fibonacci | 11,990.13 | 12,251.12 | 12,412.35 | 12,673.33 | 12,934.32 | 13,095.55 | 13,356.53 |
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): | 20.56 | |
| MACD (12,26,9): | -129.7400 | |
| Directional Movement: | -38.30 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 12,208.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,513.71 | |
| Elder Ray (13): | -175.81 | |
| Super Trend (3,10): | 12,339.85 | |
| Zig ZAG (10): | 12,079.17 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 3.67 | |
| TEMA (21): | 12,142.79 | |
| Williams %R (14): | -96.75 | |
| Chande Momentum Oscillator (20): | -541.24 | |
| Repulse (5,40,3): | -1.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 7.07 |
| MA7: | 12,514.71 | |
| MA20: | 12,767.00 | |
| MA50: | 12,893.64 | |
| MA100: | 12,746.51 | |
| MAexp7: | 12,205.23 | |
| MAexp20: | 12,364.88 | |
| MAexp50: | 12,534.63 | |
| MAexp100: | 12,664.09 | |
| Price / MA7: | -3.36% | |
| Price / MA20: | -5.27% | |
| Price / MA50: | -6.20% | |
| Price / MA100: | -5.12% | |
| Price / MAexp7: | -0.91% | |
| Price / MAexp20: | -2.19% | |
| Price / MAexp50: | -3.51% | |
| Price / MAexp100: | -4.50% |
Quotes :
2020-10-27 10:01:52
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15 min delayed data
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Germany Indices
News
The last news published on DAX30 PERF INDEX at the time of the generation of this analysis was as follows:
-
Will the DAX continue to push higher? - 2nd June 2020
-
Stock Market Outlook: Dow Jones, S&P 500, DAX 30 Trends and Positioning
-
DAX Forecast May 11, 2020
-
DAX Forecast May 1, 2020
-
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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