DAX40 PERF INDEX - 1H - Technical analysis published on 10/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 12,374.70 EUR
My targets
12,673.30 EUR (+1.14%)
12,936.60 EUR (+3.25%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DAX40 PERF INDEX as long as the price remains well above 12,374.70 EUR. The buyers' bullish objective is set at 12,673.30 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,936.60 EUR. If there is any crossing, the next objective would be the resistance located at 13,111.40 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.5
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This analysis was given by JacintoBarrio. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 PERF INDEX rating is 12,529.88 EUR. The price has increased by +0.74% since the last closing and was traded between 12,398.05 EUR and 12,559.10 EUR over the period. The price is currently at +1.06% from its lowest and -0.23% from its highest.12,398.05
12,559.10
12,529.88
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DAX40 PERF INDEX indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,180.00 | 12,374.70 | 12,525.90 | 12,529.88 | 12,673.30 | 12,936.60 | 13,111.40 |
| Change (%) | -2.79% | -1.24% | -0.03% | - | +1.14% | +3.25% | +4.64% |
| Change | -349.88 | -155.18 | -3.98 | - | +143.42 | +406.72 | +581.52 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,049.96 | 12,222.98 | 12,330.39 | 12,503.41 | 12,610.82 | 12,783.84 | 12,891.25 |
| Camarilla | 12,360.69 | 12,386.40 | 12,412.10 | 12,437.81 | 12,463.52 | 12,489.22 | 12,514.93 |
| Woodie | 12,017.17 | 12,206.58 | 12,297.60 | 12,487.01 | 12,578.03 | 12,767.44 | 12,858.46 |
| Fibonacci | 12,222.98 | 12,330.10 | 12,396.28 | 12,503.41 | 12,610.53 | 12,676.71 | 12,783.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,390.70 | 11,695.56 | 12,066.69 | 12,371.55 | 12,742.68 | 13,047.54 | 13,418.67 |
| Camarilla | 12,251.91 | 12,313.88 | 12,375.84 | 12,437.81 | 12,499.78 | 12,561.74 | 12,623.71 |
| Woodie | 11,423.83 | 11,712.13 | 12,099.82 | 12,388.12 | 12,775.81 | 13,064.11 | 13,451.80 |
| Fibonacci | 11,695.56 | 11,953.79 | 12,113.33 | 12,371.55 | 12,629.78 | 12,789.32 | 13,047.54 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.35 | |
| MACD (12,26,9): | 69.3400 | |
| Directional Movement: | 10.41 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 12,510.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,353.93 | |
| Elder Ray (13): | 72.70 | |
| Super Trend (3,10): | 12,293.33 | |
| Zig ZAG (10): | 12,532.71 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 69.98 | |
| TEMA (21): | 12,560.76 | |
| Williams %R (14): | -31.66 | |
| Chande Momentum Oscillator (20): | 48.22 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 4.03 |
| MA7: | 12,322.79 | |
| MA20: | 12,351.92 | |
| MA50: | 12,865.57 | |
| MA100: | 13,109.38 | |
| MAexp7: | 12,498.39 | |
| MAexp20: | 12,426.73 | |
| MAexp50: | 12,360.48 | |
| MAexp100: | 12,361.80 | |
| Price / MA7: | +1.68% | |
| Price / MA20: | +1.44% | |
| Price / MA50: | -2.61% | |
| Price / MA100: | -4.42% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.83% | |
| Price / MAexp50: | +1.37% | |
| Price / MAexp100: | +1.36% |
Quotes :
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15 min delayed data
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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:
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Trading the trend: Long DAX 40
-
DAX Forecast October 5, 2022
-
Trading the Trend: How to trade the DAX downtrend
-
DAX Forecast September 28, 2022
-
DAX Forecast September 15, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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