DAX40 PERF INDEX - 1H - Technical analysis published on 06/21/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 13,237.70 EUR
My targets
13,567.80 EUR (+1.39%)
13,789.00 EUR (+3.04%)
My analysis
The strong short-term increase in DAX40 PERF INDEX calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 13,237.70 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 13,567.80 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13,789.00 EUR as an objective. Crossing it would then enable buyers to target 14,084.20 EUR. Caution, a return under 13,237.70 EUR could jeopardize the reversal.
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
2.5
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This analysis was given by ZIZOU93. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX40 PERF INDEX rating 13,381.88 EUR. The price has increased by +0.88% since the last closing with the lowest point at 13,327.54 EUR and the highest point at 13,387.91 EUR. The deviation from the price is +0.41% for the low point and -0.05% for the high point.13,327.54
13,387.91
13,381.88
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DAX40 PERF INDEX in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 13,052.20 | 13,237.70 | 13,380.70 | 13,381.88 | 13,567.80 | 13,789.00 | 14,084.20 |
Change (%) | -2.46% | -1.08% | -0.01% | - | +1.39% | +3.04% | +5.25% |
Change | -329.68 | -144.18 | -1.18 | - | +185.92 | +407.12 | +702.32 |
Level | Minor | Intermediate | Minor | - | Minor | Major | Minor |
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 | 13,000.23 | 13,053.31 | 13,159.45 | 13,212.53 | 13,318.67 | 13,371.75 | 13,477.89 |
Camarilla | 13,221.82 | 13,236.41 | 13,251.01 | 13,265.60 | 13,280.20 | 13,294.79 | 13,309.39 |
Woodie | 13,026.77 | 13,066.58 | 13,185.99 | 13,225.80 | 13,345.21 | 13,385.02 | 13,504.43 |
Fibonacci | 13,053.31 | 13,114.13 | 13,151.71 | 13,212.53 | 13,273.35 | 13,310.93 | 13,371.75 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 12,232.24 | 12,620.07 | 12,873.17 | 13,261.00 | 13,514.10 | 13,901.93 | 14,155.03 |
Camarilla | 12,950.00 | 13,008.76 | 13,067.51 | 13,126.26 | 13,185.01 | 13,243.76 | 13,302.52 |
Woodie | 12,164.87 | 12,586.39 | 12,805.80 | 13,227.32 | 13,446.73 | 13,868.25 | 14,087.66 |
Fibonacci | 12,620.07 | 12,864.91 | 13,016.17 | 13,261.00 | 13,505.84 | 13,657.10 | 13,901.93 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 12,440.75 | 12,910.71 | 13,649.53 | 14,119.49 | 14,858.31 | 15,328.27 | 16,067.09 |
Camarilla | 14,055.94 | 14,166.74 | 14,277.55 | 14,388.35 | 14,499.16 | 14,609.96 | 14,720.77 |
Woodie | 12,575.18 | 12,977.93 | 13,783.96 | 14,186.71 | 14,992.74 | 15,395.49 | 16,201.52 |
Fibonacci | 12,910.71 | 13,372.46 | 13,657.74 | 14,119.49 | 14,581.24 | 14,866.52 | 15,328.27 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 64.31 | |
MACD (12,26,9): | -4.9100 | |
Directional Movement: | 14.41 | |
AROON (14): | 78.57 | |
DEMA (21): | 13,188.94 | |
Parabolic SAR (0,02-0,02-0,2): | 13,119.69 | |
Elder Ray (13): | 136.84 | |
Super Trend (3,10): | 13,163.39 | |
Zig ZAG (10): | 13,367.39 | |
VORTEX (21): | 1.1500 | |
Stochastique (14,3,5): | 94.74 | |
TEMA (21): | 13,264.51 | |
Williams %R (14): | -5.91 | |
Chande Momentum Oscillator (20): | 206.98 | |
Repulse (5,40,3): | 0.6300 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0400 | |
Courbe Coppock: | 1.42 |
MA7: | 13,286.64 | |
MA20: | 13,979.10 | |
MA50: | 13,980.27 | |
MA100: | 14,245.80 | |
MAexp7: | 13,249.13 | |
MAexp20: | 13,217.64 | |
MAexp50: | 13,354.92 | |
MAexp100: | 13,610.90 | |
Price / MA7: | +0.72% | |
Price / MA20: | -4.27% | |
Price / MA50: | -4.28% | |
Price / MA100: | -6.06% | |
Price / MAexp7: | +1.00% | |
Price / MAexp20: | +1.24% | |
Price / MAexp50: | +0.20% | |
Price / MAexp100: | -1.68% |
Quotes :
-
15 min delayed data
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Germany Indices
News
The last news published on DAX40 PERF INDEX at the time of the generation of this analysis was as follows:
- DAX Forecast June 21, 2022
- The Trade I'll Never Forget - Jeremy Naylor on Dax
- DAX Forecast June 20, 2022
- DAX Forecast June 16, 2022
- DAX Forecast June 15, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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