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 10/13/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

28%

My opinion

Bearish under 12,831.50 EUR

My targets

11,975.50 EUR (-2.41%)

11,399.50 EUR (-7.10%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DAX40 PERF INDEX as long as the price remains well below 12,831.50 EUR. The sellers' bearish objective is set at 11,975.50 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11,399.50 EUR. In case of crossing, the next objective would be the support located at 10,392.30 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.5

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 JacintoBarrio. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DAX40 PERF INDEX price is 12,271.31 EUR. The price has increased by +0.81% since the last closing with the lowest point at 12,000.43 EUR and the highest point at 12,369.30 EUR. The deviation from the price is +2.26% for the low point and -0.79% for the high point.

12,000.43

12,369.30

12,271.31

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in Daily of this DAX40 PERF INDEX chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported 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.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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

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:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10,392.30	11,399.50	11,975.50	12,271.31	12,374.70	12,831.50	13,391.50
Change (%)	-15.31%	-7.10%	-2.41%	-	+0.84%	+4.57%	+9.13%
Change	-1,879.01	-871.81	-295.81	-	+103.39	+560.19	+1,120.19
Level	Intermediate	Intermediate	Major	-	Major	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
Standard	11,891.05	11,997.83	12,085.05	12,191.83	12,279.05	12,385.83	12,473.05
Camarilla	12,118.91	12,136.69	12,154.48	12,172.26	12,190.04	12,207.83	12,225.61
Woodie	11,881.26	11,992.94	12,075.26	12,186.94	12,269.26	12,380.94	12,463.26
Fibonacci	11,997.83	12,071.94	12,117.73	12,191.83	12,265.94	12,311.73	12,385.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,107.43	11,500.69	11,886.84	12,280.10	12,666.25	13,059.51	13,445.66
Camarilla	12,058.66	12,130.11	12,201.55	12,273.00	12,344.45	12,415.89	12,487.34
Woodie	11,103.89	11,498.91	11,883.30	12,278.32	12,662.71	13,057.73	13,442.12
Fibonacci	11,500.69	11,798.42	11,982.36	12,280.10	12,577.83	12,761.77	13,059.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,761.20	10,812.02	11,463.19	12,514.01	13,165.18	14,216.00	14,867.17
Camarilla	11,646.31	11,802.33	11,958.34	12,114.36	12,270.38	12,426.39	12,582.41
Woodie	9,561.38	10,712.11	11,263.37	12,414.10	12,965.36	14,116.09	14,667.35
Fibonacci	10,812.02	11,462.18	11,863.85	12,514.01	13,164.17	13,565.84	14,216.00

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):	41.90
MACD (12,26,9):	-179.4000
Directional Movement:	-8.78
AROON (14):	28.57
DEMA (21):	12,172.79
Parabolic SAR (0,02-0,02-0,2):	11,969.73
Elder Ray (13):	-147.63
Super Trend (3,10):	12,832.93
Zig ZAG (10):	12,245.76
VORTEX (21):	0.8100
Stochastique (14,3,5):	41.57
TEMA (21):	12,159.91
Williams %R (14):	-50.42
Chande Momentum Oscillator (20):	126.50
Repulse (5,40,3):	1.4900
ROCnROLL:	2
TRIX (15,9):	-0.2300
Courbe Coppock:	3.70

MA7:	12,313.03
MA20:	12,374.05
MA50:	12,908.85
MA100:	13,148.80
MAexp7:	12,276.40
MAexp20:	12,422.02
MAexp50:	12,747.32
MAexp100:	13,134.01
Price / MA7:	-0.34%
Price / MA20:	-0.83%
Price / MA50:	-4.94%
Price / MA100:	-6.67%
Price / MAexp7:	-0.04%
Price / MAexp20:	-1.22%
Price / MAexp50:	-3.74%
Price / MAexp100:	-6.57%

Quotes : - 15 min delayed data - Germany Indices

News

The last news published on DAX40 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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