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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 - 1H - Technical analysis published on 09/22/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 12,758.00 EUR
My targets
12,605.10 EUR (-0.75%)
12,520.80 EUR (-1.42%)
My analysis
The bearish basic trend is very strong on DAX40 PERF INDEX but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 12,758.00 EUR. Crossing the first support at 12,605.10 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 12,520.80 EUR as an objective. Crossing it would then enable sellers to target 12,374.70 EUR. Caution, a return to above the resistance located at 12,758.00 EUR would be a sign of a possible consolidation phase of the short-term basic trend. 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 opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.6

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.

finacian
This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

DAX40 PERF INDEX rating 12,700.58 EUR. The price registered a decrease of -0.52% on the session and was traded between 12,526.61 EUR and 12,781.56 EUR over the period. The price is currently at +1.39% from its lowest and -0.63% from its highest.

12,526.61
12,781.56
12,700.58

Here is a more detailed summary of the historical variations registered by DAX40 PERF INDEX:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of DAX40 PERF INDEX in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour



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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12,374.70 12,520.80 12,605.10 12,700.58 12,758.00 12,933.70 13,387.90
Change (%) -2.57% -1.42% -0.75% - +0.45% +1.84% +5.41%
Change -325.88 -179.78 -95.48 - +57.42 +233.12 +687.32
Level Major Minor Intermediate - Minor Intermediate Major



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
Standard12,350.4112,435.6112,601.3812,686.5812,852.3512,937.5513,103.32
Camarilla12,698.1312,721.1412,744.1412,767.1512,790.1612,813.1612,836.17
Woodie12,390.7012,455.7512,641.6712,706.7212,892.6412,957.6913,143.61
Fibonacci12,435.6112,531.4812,590.7112,686.5812,782.4512,841.6812,937.55


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,573.1012,136.1612,438.7113,001.7713,304.3213,867.3814,169.93
Camarilla12,503.2212,582.5712,661.9112,741.2612,820.6112,899.9612,979.30
Woodie11,442.8512,071.0312,308.4612,936.6413,174.0713,802.2514,039.68
Fibonacci12,136.1612,466.8212,671.1113,001.7713,332.4313,536.7213,867.38


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,223.5711,991.0112,412.9813,180.4213,602.3914,369.8314,791.80
Camarilla12,507.8712,616.9012,725.9312,834.9612,943.9913,053.0213,162.05
Woodie11,050.8511,904.6412,240.2613,094.0513,429.6714,283.4614,619.08
Fibonacci11,991.0112,445.3612,726.0613,180.4213,634.7713,915.4714,369.83

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): 47.98
MACD (12,26,9): -15.3500
Directional Movement: -11.30
AROON (14): 71.43
DEMA (21): 12,682.73
Parabolic SAR (0,02-0,02-0,2): 12,526.61
Elder Ray (13): 12.47
Super Trend (3,10): 12,790.74
Zig ZAG (10): 12,697.89
VORTEX (21): 0.9100
Stochastique (14,3,5): 75.71
TEMA (21): 12,719.67
Williams %R (14): -26.71
Chande Momentum Oscillator (20): 40.93
Repulse (5,40,3): 0.7400
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 0.25
MA7: 12,809.51
MA20: 12,906.72
MA50: 13,219.37
MA100: 13,396.33
MAexp7: 12,713.96
MAexp20: 12,712.15
MAexp50: 12,788.61
MAexp100: 12,882.60
Price / MA7: -0.85%
Price / MA20: -1.60%
Price / MA50: -3.92%
Price / MA100: -5.19%
Price / MAexp7: -0.11%
Price / MAexp20: -0.09%
Price / MAexp50: -0.69%
Price / MAexp100: -1.41%

Quotes : - 15 min delayed data - Germany Indices

News


The latest news and videos published on DAX40 PERF INDEX at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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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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