DAX40 PERF INDEX

- EUR (-)

- 15 min delayed data - Germany Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	DAX
ISIN:	DE0008469008

DAX40 PERF INDEX - Weekly - Technical analysis published on 06/23/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

72%

My opinion

Bearish under 13,789.00 EUR

My targets

12,833.30 EUR (-2.37%)

11,399.50 EUR (-13.27%)

My analysis

In the short term, we can see an acceleration in the bearish trend on DAX40 PERF INDEX, which is a positive signal for sellers. As long as the price remains above 13,789.00 EUR, a sale could be considered. The first bearish objective is located at 12,833.30 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11,399.50 EUR as an objective. Crossing it would then enable sellers to target 10,392.30 EUR. If the price were to return above 13,789.00 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever 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 content. 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.

This analysis was given by ASHIQ ALI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DAX40 PERF INDEX price is 13,144.28 EUR. The price registered an increase of +0.81% over 5 days and has been traded over the last 5 days between 12,965.70 EUR and 13,443.80 EUR. This implies that the 5 day price is +1.38% from its lowest point and -2.23% from its highest point.

12,965.70

13,443.80

13,144.28

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DAX40 PERF INDEX:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of DAX40 PERF INDEX indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 4 are bullish, 1 are neutral and 13 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Other results related to technical indicators were also found by the Central Indicators scanner:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Weekly

Aroon indicator bearish trend

Type : Bearish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10,392.30	11,399.50	12,833.30	13,144.28	13,789.00	14,973.30	16,271.80
Change (%)	-20.94%	-13.27%	-2.37%	-	+4.90%	+13.91%	+23.79%
Change	-2,751.98	-1,744.78	-310.98	-	+644.72	+1,829.02	+3,127.52
Level	Intermediate	Minor	Major	-	Major	Major	Major

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	12,764.19	12,864.94	13,004.61	13,105.36	13,245.03	13,345.78	13,485.45
Camarilla	13,078.17	13,100.20	13,122.24	13,144.28	13,166.32	13,188.36	13,210.40
Woodie	12,783.65	12,874.67	13,024.07	13,115.09	13,264.49	13,355.51	13,504.91
Fibonacci	12,864.94	12,956.78	13,013.52	13,105.36	13,197.20	13,253.94	13,345.78

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

Technical indicators

Moving averages

RSI (14):	34.74
MACD (12,26,9):	-416.5700
Directional Movement:	-19.62
AROON (14):	-85.71
DEMA (21):	13,634.31
Parabolic SAR (0,02-0,02-0,2):	14,925.25
Elder Ray (13):	-728.93
Super Trend (3,10):	15,132.72
Zig ZAG (10):	13,144.28
VORTEX (21):	0.8700
Stochastique (14,3,5):	22.83
TEMA (21):	13,408.47
Williams %R (14):	-90.89
Chande Momentum Oscillator (20):	-1,302.20
Repulse (5,40,3):	-6.6100
ROCnROLL:	2
TRIX (15,9):	-0.3700
Courbe Coppock:	7.85

MA7:	13,236.67
MA20:	13,932.22
MA50:	13,957.70
MA100:	14,221.63
MAexp7:	13,686.04
MAexp20:	14,161.06
MAexp50:	14,562.35
MAexp100:	14,328.04
Price / MA7:	-0.70%
Price / MA20:	-5.66%
Price / MA50:	-5.83%
Price / MA100:	-7.58%
Price / MAexp7:	-3.96%
Price / MAexp20:	-7.18%
Price / MAexp50:	-9.74%
Price / MAexp100:	-8.26%

Quotes : - 15 min delayed data - Germany Indices

News

Don't forget to follow the news on DAX40 PERF INDEX. At the time of publication of this analysis, the latest news was as follows:

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

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