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 10/26/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

17%

My opinion

Bullish above 13,029.80 EUR

My targets

13,387.90 EUR (+1.46%)

13,789.00 EUR (+4.50%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on DAX40 PERF INDEX as long as the price remains well above 13,029.80 EUR. The buyers' bullish objective is set at 13,387.90 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13,789.00 EUR. If there is any crossing, the next objective would be the resistance located at 14,973.30 EUR.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.8

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

Additional analysis

Quotes

The DAX40 PERF INDEX rating is 13,195.81 EUR. On the day, this instrument gained +1.09% and was traded between 13,023.40 EUR and 13,203.24 EUR over the period. The price is currently at +1.32% from its lowest and -0.06% from its highest.

13,023.40

13,203.24

13,195.81

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DAX40 PERF INDEX in Daily shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12,374.70	12,657.10	13,029.80	13,195.81	13,387.90	13,789.00	14,973.30
Change (%)	-6.22%	-4.08%	-1.26%	-	+1.46%	+4.50%	+13.47%
Change	-821.11	-538.71	-166.01	-	+192.09	+593.19	+1,777.49
Level	Major	Major	Minor	-	Intermediate	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,898.55	12,960.98	13,078.39	13,140.82	13,258.23	13,320.66	13,438.07
Camarilla	13,146.35	13,162.84	13,179.33	13,195.81	13,212.30	13,228.78	13,245.27
Woodie	12,926.05	12,974.73	13,105.89	13,154.57	13,285.73	13,334.41	13,465.57
Fibonacci	12,960.98	13,029.68	13,072.12	13,140.82	13,209.52	13,251.96	13,320.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,908.34	12,153.19	12,442.05	12,686.90	12,975.76	13,220.61	13,509.47
Camarilla	12,584.13	12,633.05	12,681.98	12,730.90	12,779.82	12,828.75	12,877.67
Woodie	11,930.34	12,164.19	12,464.05	12,697.90	12,997.76	13,231.61	13,531.47
Fibonacci	12,153.19	12,357.07	12,483.03	12,686.90	12,890.78	13,016.74	13,220.61

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):	66.21
MACD (12,26,9):	91.2400
Directional Movement:	11.43
AROON (14):	64.29
DEMA (21):	12,743.42
Parabolic SAR (0,02-0,02-0,2):	12,450.11
Elder Ray (13):	361.88
Super Trend (3,10):	12,370.39
Zig ZAG (10):	13,195.81
VORTEX (21):	1.1000
Stochastique (14,3,5):	96.88
TEMA (21):	12,946.63
Williams %R (14):	-0.62
Chande Momentum Oscillator (20):	922.87
Repulse (5,40,3):	3.6000
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	8.96

MA7:	12,883.65
MA20:	12,526.21
MA50:	12,749.80
MA100:	12,999.00
MAexp7:	12,898.26
MAexp20:	12,685.81
MAexp50:	12,774.93
MAexp100:	13,088.14
Price / MA7:	+2.42%
Price / MA20:	+5.35%
Price / MA50:	+3.50%
Price / MA100:	+1.51%
Price / MAexp7:	+2.31%
Price / MAexp20:	+4.02%
Price / MAexp50:	+3.29%
Price / MAexp100:	+0.82%

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.

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