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

  • 96
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Are you looking for opportunities in European stocks?
DISCOVER LONDINIA OPPORTUNITIES...

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 13,380.70 EUR
My targets
12,833.30 EUR (-1.56%)
12,440.75 EUR (-4.57%)
My analysis
The bearish trend is currently very strong for DAX40 PERF INDEX. As long as the price remains below the resistance at 13,380.70 EUR, you could try to take advantage of the bearish rally. 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 12,440.75 EUR as an objective. Crossing it would then enable sellers to target 11,399.50 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9

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 ZIZOU93. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The DAX40 PERF INDEX price is 13,036.84 EUR. The price registered a decrease of -0.82% on the session and was between 12,937.81 EUR and 13,103.20 EUR. This implies that the price is at +0.77% from its lowest and at -0.51% from its highest.

12,937.81
13,103.20
13,036.84

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:

Central Records

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 Daily chart of DAX40 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10,392.30 11,399.50 12,833.30 13,036.84 13,380.70 13,789.00 14,084.20
Change (%) -20.29% -12.56% -1.56% - +2.64% +5.77% +8.03%
Change -2,644.54 -1,637.34 -203.54 - +343.86 +752.16 +1,047.36
Level Intermediate Minor Major - Intermediate Major Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,764.1912,864.9413,004.6113,105.3613,245.0313,345.7813,485.45
Camarilla13,078.1713,100.2013,122.2413,144.2813,166.3213,188.3613,210.40
Woodie12,783.6512,874.6713,024.0713,115.0913,264.4913,355.5113,504.91
Fibonacci12,864.9412,956.7813,013.5213,105.3613,197.2013,253.9413,345.78


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,232.2412,620.0712,873.1713,261.0013,514.1013,901.9314,155.03
Camarilla12,950.0013,008.7613,067.5113,126.2613,185.0113,243.7613,302.52
Woodie12,164.8712,586.3912,805.8013,227.3213,446.7313,868.2514,087.66
Fibonacci12,620.0712,864.9113,016.1713,261.0013,505.8413,657.1013,901.93


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,440.7512,910.7113,649.5314,119.4914,858.3115,328.2716,067.09
Camarilla14,055.9414,166.7414,277.5514,388.3514,499.1614,609.9614,720.77
Woodie12,575.1812,977.9313,783.9614,186.7114,992.7415,395.4916,201.52
Fibonacci12,910.7113,372.4613,657.7414,119.4914,581.2414,866.5215,328.27

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 34.05
MACD (12,26,9): -280.4200
Directional Movement: -24.47
AROON (14): -92.86
DEMA (21): 13,312.53
Parabolic SAR (0,02-0,02-0,2): 13,953.70
Elder Ray (13): -441.93
Super Trend (3,10): 13,792.50
Zig ZAG (10): 13,014.78
VORTEX (21): 0.7600
Stochastique (14,3,5): 10.40
TEMA (21): 13,090.01
Williams %R (14): -95.84
Chande Momentum Oscillator (20): -1,545.09
Repulse (5,40,3): -0.6700
ROCnROLL: 2
TRIX (15,9): -0.1700
Courbe Coppock: 17.10
MA7: 13,195.44
MA20: 13,871.18
MA50: 13,935.42
MA100: 14,195.55
MAexp7: 13,248.00
MAexp20: 13,623.69
MAexp50: 13,917.41
MAexp100: 14,242.16
Price / MA7: -1.20%
Price / MA20: -6.01%
Price / MA50: -6.45%
Price / MA100: -8.16%
Price / MAexp7: -1.59%
Price / MAexp20: -4.31%
Price / MAexp50: -6.33%
Price / MAexp100: -8.46%

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.

About author

Online

Overall rating :
14029
Number of analyses :
Followers :
0
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…

Add a comment

no pic

Comments

0 comments on the analysis DAX40 PERF INDEX - Daily