DAX40 PERF INDEX - 1H - Technical analysis published on 10/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 12,525.90 EUR
My targets
12,781.60 EUR (+0.79%)
12,932.30 EUR (+1.97%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 12,525.90 EUR remains possible. It is advisable to trade DAX40 PERF INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 12,525.90 EUR. The next bullish objective for buyers is set at 12,781.60 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,932.30 EUR. If there is any crossing, the next objective would be the resistance located at 13,387.90 EUR. PS: if there is a bearish break in the support located at 12,525.90 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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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 price is 12,681.93 EUR. On the day, this instrument lost -0.47% and was traded between 12,647.34 EUR and 12,695.89 EUR over the period. The price is currently at +0.27% from its lowest and -0.11% from its highest.12,647.34
12,695.89
12,681.93
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this DAX40 PERF INDEX chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,374.70 | 12,525.90 | 12,673.90 | 12,681.93 | 12,781.60 | 12,932.30 | 13,387.90 |
| Change (%) | -2.42% | -1.23% | -0.06% | - | +0.79% | +1.97% | +5.57% |
| Change | -307.23 | -156.03 | -8.03 | - | +99.67 | +250.37 | +705.97 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 12,577.56 | 12,641.41 | 12,691.41 | 12,755.26 | 12,805.26 | 12,869.11 | 12,919.11 |
| Camarilla | 12,710.10 | 12,720.54 | 12,730.97 | 12,741.41 | 12,751.85 | 12,762.28 | 12,772.72 |
| Woodie | 12,570.64 | 12,637.95 | 12,684.49 | 12,751.80 | 12,798.34 | 12,865.65 | 12,912.19 |
| Fibonacci | 12,641.41 | 12,684.90 | 12,711.77 | 12,755.26 | 12,798.75 | 12,825.62 | 12,869.11 |
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): | 46.79 | |
| MACD (12,26,9): | 40.7000 | |
| Directional Movement: | -4.42 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 12,799.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,828.83 | |
| Elder Ray (13): | -75.22 | |
| Super Trend (3,10): | 12,664.65 | |
| Zig ZAG (10): | 12,670.45 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 15.99 | |
| TEMA (21): | 12,762.11 | |
| Williams %R (14): | -90.04 | |
| Chande Momentum Oscillator (20): | -204.18 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.03 |
| MA7: | 12,541.31 | |
| MA20: | 12,367.26 | |
| MA50: | 12,812.51 | |
| MA100: | 13,060.03 | |
| MAexp7: | 12,732.43 | |
| MAexp20: | 12,726.44 | |
| MAexp50: | 12,606.33 | |
| MAexp100: | 12,516.72 | |
| Price / MA7: | +1.12% | |
| Price / MA20: | +2.54% | |
| Price / MA50: | -1.02% | |
| Price / MA100: | -2.90% | |
| Price / MAexp7: | -0.40% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +1.32% |
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:
-
DAX Forecast October 18, 2022
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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
This member declared not having a position on this financial instrument or a related financial instrument.
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