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 01/22/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 14,529.90 EUR

My targets

15,353.43 EUR (+2.13%)

16,271.80 EUR (+8.24%)

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 14,529.90 EUR. The buyers' bullish objective is set at 15,353.43 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16,271.80 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

7.7

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 Pasqual32. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DAX40 PERF INDEX price is 15,033.56 EUR. On the day, this instrument gained +0.76% and was traded between 14,940.68 EUR and 15,034.43 EUR over the period. The price is currently at +0.62% from its lowest and -0.01% from its highest.

14,940.68

15,034.43

15,033.56

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DAX40 PERF INDEX:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DAX40 PERF INDEX in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	13,789.00	14,529.90	14,973.30	15,033.56	16,271.80
Change (%)	-8.28%	-3.35%	-0.40%	-	+8.24%
Change	-1,244.56	-503.66	-60.26	-	+1,238.24
Level	Major	Major	Major	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,877.60	14,909.14	14,971.35	15,002.89	15,065.10	15,096.64	15,158.85
Camarilla	15,007.78	15,016.37	15,024.97	15,033.56	15,042.15	15,050.75	15,059.34
Woodie	14,892.94	14,916.81	14,986.69	15,010.56	15,080.44	15,104.31	15,174.19
Fibonacci	14,909.14	14,944.95	14,967.08	15,002.89	15,038.70	15,060.83	15,096.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,506.54	14,706.41	14,869.98	15,069.85	15,233.42	15,433.29	15,596.86
Camarilla	14,933.61	14,966.93	15,000.25	15,033.56	15,066.88	15,100.19	15,133.51
Woodie	14,488.40	14,697.34	14,851.84	15,060.78	15,215.28	15,424.22	15,578.72
Fibonacci	14,706.41	14,845.24	14,931.01	15,069.85	15,208.68	15,294.45	15,433.29

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,700.47	13,246.00	13,584.79	14,130.32	14,469.11	15,014.64	15,353.43
Camarilla	13,680.40	13,761.47	13,842.53	13,923.59	14,004.65	14,085.72	14,166.78
Woodie	12,597.11	13,194.32	13,481.43	14,078.64	14,365.75	14,962.96	15,250.07
Fibonacci	13,246.00	13,583.81	13,792.51	14,130.32	14,468.13	14,676.83	15,014.64

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	64.38
MACD (12,26,9):	262.3600
Directional Movement:	19.64
AROON (14):	78.57
DEMA (21):	15,047.35
Parabolic SAR (0,02-0,02-0,2):	14,906.27
Elder Ray (13):	120.78
Super Trend (3,10):	14,733.07
Zig ZAG (10):	15,033.56
VORTEX (21):	1.2100
Stochastique (14,3,5):	82.18
TEMA (21):	15,160.27
Williams %R (14):	-19.91
Chande Momentum Oscillator (20):	542.78
Repulse (5,40,3):	-0.2500
ROCnROLL:	1
TRIX (15,9):	0.2100
Courbe Coppock:	13.80

MA7:	15,085.95
MA20:	14,588.10
MA50:	14,414.96
MA100:	13,617.17
MAexp7:	15,007.80
MAexp20:	14,724.57
MAexp50:	14,327.56
MAexp100:	13,981.12
Price / MA7:	-0.35%
Price / MA20:	+3.05%
Price / MA50:	+4.29%
Price / MA100:	+10.40%
Price / MAexp7:	+0.17%
Price / MAexp20:	+2.10%
Price / MAexp50:	+4.93%
Price / MAexp100:	+7.53%

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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