DAX30 PERF INDEX
DAX30 PERF INDEX
13,476.06 EUR (-1.06%)
Open 15 min delayed data - Germany Indices
Open: 13,500.64
Change: -144.40
Volume: 144,318
Low: 13,310.95
High: 13,530.30
High / Low range: 219.35
Type: Indices
Ticker: DAX
ISIN: DE0008469008

DAX30 PERF INDEX - 1H - Technical analysis published on 10/27/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-10-27 10:17:24
  • Status : TARGET REACHED

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

This analysis was given by huthayfa. Take part yourself by sharing additional analysis on 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

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.

Central Gaps

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:

Central Indicators

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

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard11,869.1312,021.6712,099.4312,251.9712,329.7312,482.2712,560.03
Camarilla12,113.8712,134.9812,156.0912,177.2012,198.3112,219.4212,240.53
Woodie11,831.7512,002.9812,062.0512,233.2812,292.3512,463.5812,522.65
Fibonacci12,021.6712,109.6412,163.9912,251.9712,339.9412,394.2912,482.27


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,634.7711,990.1312,317.9712,673.3313,001.1713,356.5313,684.37
Camarilla12,457.9212,520.5512,583.1712,645.8012,708.4312,771.0512,833.68
Woodie11,621.0011,983.2512,304.2012,666.4512,987.4013,349.6513,670.60
Fibonacci11,990.1312,251.1212,412.3512,673.3312,934.3213,095.5513,356.53


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): 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 - 15 min delayed data - Germany Indices

News


The last news published on DAX30 PERF INDEX at the time of the generation of this analysis was as follows:

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

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