DAX40 PERF INDEX - 1H - Technical analysis published on 10/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 12,673.90 EUR
My targets
12,932.30 EUR (+1.29%)
13,387.90 EUR (+4.86%)
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 12,673.90 EUR. The buyers' bullish objective is set at 12,932.30 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13,387.90 EUR. If there is any crossing, the next objective would be the resistance located at 13,789.00 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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 12,767.41 EUR. The price registered an increase of +0.20% on the session and was between 12,628.78 EUR and 12,818.34 EUR. This implies that the price is at +1.10% from its lowest and at -0.40% from its highest.12,628.78
12,818.34
12,767.41
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX40 PERF INDEX:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DAX40 PERF INDEX in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
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 | 12,767.41 | 12,781.60 | 12,932.30 | 13,387.90 |
| Change (%) | -3.08% | -1.89% | -0.73% | - | +0.11% | +1.29% | +4.86% |
| Change | -392.71 | -241.51 | -93.51 | - | +14.19 | +164.89 | +620.49 |
| 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 | 12,468.45 | 12,548.62 | 12,658.01 | 12,738.18 | 12,847.57 | 12,927.74 | 13,037.13 |
| Camarilla | 12,715.28 | 12,732.66 | 12,750.03 | 12,767.41 | 12,784.79 | 12,802.16 | 12,819.54 |
| Woodie | 12,483.07 | 12,555.93 | 12,672.63 | 12,745.49 | 12,862.19 | 12,935.05 | 13,051.75 |
| Fibonacci | 12,548.62 | 12,621.03 | 12,665.77 | 12,738.18 | 12,810.59 | 12,855.33 | 12,927.74 |
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 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): | 56.41 | |
| MACD (12,26,9): | 20.2000 | |
| Directional Movement: | 9.27 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 12,755.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,647.23 | |
| Elder Ray (13): | 37.84 | |
| Super Trend (3,10): | 12,856.58 | |
| Zig ZAG (10): | 12,767.41 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 71.96 | |
| TEMA (21): | 12,718.30 | |
| Williams %R (14): | -26.87 | |
| Chande Momentum Oscillator (20): | 23.18 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.96 |
| MA7: | 12,555.59 | |
| MA20: | 12,371.85 | |
| MA50: | 12,814.34 | |
| MA100: | 13,060.94 | |
| MAexp7: | 12,732.87 | |
| MAexp20: | 12,718.54 | |
| MAexp50: | 12,633.57 | |
| MAexp100: | 12,544.17 | |
| Price / MA7: | +1.69% | |
| Price / MA20: | +3.20% | |
| Price / MA50: | -0.37% | |
| Price / MA100: | -2.25% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +1.06% | |
| Price / MAexp100: | +1.78% |
Quotes :
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15 min delayed data
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Germany Indices
News
The last news published on DAX40 PERF INDEX at the time of the generation of this analysis was as follows:
-
DAX Forecast October 18, 2022
-
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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