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 10/31/2022 (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

94%

My opinion

Bullish above 13,029.80 EUR

My targets

13,387.90 EUR (+1.09%)

13,789.00 EUR (+4.12%)

My analysis

The strong short-term increase for DAX40 PERF INDEX reinforces the current slightly bullish trend. As long as the price remains above 13,029.80 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 13,387.90 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13,789.00 EUR as an objective. Crossing it would then enable buyers to target 14,973.30 EUR. A return to 13,029.80 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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

5.2

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

DAX40 PERF INDEX rating 13,243.33 EUR. The price has increased by +0.24% since the last closing with the lowest point at 13,051.25 EUR and the highest point at 13,250.66 EUR. The deviation from the price is +1.47% for the low point and -0.06% for the high point.

13,051.25

13,250.66

13,243.33

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of DAX40 PERF INDEX indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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 scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12,374.70	12,657.10	13,029.80	13,243.33	13,387.90	13,789.00	14,973.30
Change (%)	-6.56%	-4.43%	-1.61%	-	+1.09%	+4.12%	+13.06%
Change	-868.63	-586.23	-213.53	-	+144.57	+545.67	+1,729.97
Level	Major	Major	Intermediate	-	Intermediate	Major	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	12,913.42	12,982.34	13,112.83	13,181.75	13,312.24	13,381.16	13,511.65
Camarilla	13,188.49	13,206.77	13,225.05	13,243.33	13,261.61	13,279.89	13,298.17
Woodie	12,944.22	12,997.73	13,143.63	13,197.14	13,343.04	13,396.55	13,542.45
Fibonacci	12,982.34	13,058.51	13,105.57	13,181.75	13,257.92	13,304.98	13,381.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,395.20	12,571.29	12,907.31	13,083.40	13,419.42	13,595.51	13,931.53
Camarilla	13,102.50	13,149.44	13,196.39	13,243.33	13,290.27	13,337.22	13,384.16
Woodie	12,475.17	12,611.27	12,987.28	13,123.38	13,499.39	13,635.49	14,011.50
Fibonacci	12,571.29	12,766.92	12,887.77	13,083.40	13,279.03	13,399.88	13,595.51

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	67.23
MACD (12,26,9):	143.3400
Directional Movement:	11.35
AROON (14):	71.43
DEMA (21):	12,909.67
Parabolic SAR (0,02-0,02-0,2):	12,668.18
Elder Ray (13):	272.95
Super Trend (3,10):	12,436.05
Zig ZAG (10):	13,243.33
VORTEX (21):	1.1700
Stochastique (14,3,5):	98.09
TEMA (21):	13,139.48
Williams %R (14):	-1.28
Chande Momentum Oscillator (20):	1,071.07
Repulse (5,40,3):	3.9200
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	11.55

MA7:	13,019.01
MA20:	12,644.45
MA50:	12,734.05
MA100:	12,983.94
MAexp7:	13,043.21
MAexp20:	12,784.18
MAexp50:	12,809.74
MAexp100:	13,094.06
Price / MA7:	+1.72%
Price / MA20:	+4.74%
Price / MA50:	+4.00%
Price / MA100:	+2.00%
Price / MAexp7:	+1.53%
Price / MAexp20:	+3.59%
Price / MAexp50:	+3.38%
Price / MAexp100:	+1.14%

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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