DAX40 PERF INDEX - 1H - Technical analysis published on 05/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 15,828.00 EUR
My targets
15,984.00 EUR (+0.39%)
16,271.80 EUR (+2.20%)
My analysis
The basic bullish trend is very strong on DAX40 PERF INDEX but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 15,828.00 EUR. Crossing the first resistance at 15,984.00 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 16,271.80 EUR as an objective. Caution, a return to below 15,828.00 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating 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
0
10
6.4
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 koenakubheka. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 PERF INDEX rating is 15,921.46 EUR. On the day, this instrument gained +0.55% and was between 15,852.10 EUR and 15,931.36 EUR. This implies that the price is at +0.44% from its lowest and at -0.06% from its highest.15,852.10
15,931.36
15,921.46
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DAX40 PERF INDEX indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 15,764.40 | 15,828.00 | 15,917.90 | 15,921.46 | 15,984.00 | 16,271.80 |
| Change (%) | -0.99% | -0.59% | -0.02% | - | +0.39% | +2.20% |
| Change | -157.06 | -93.46 | -3.56 | - | +62.54 | +350.34 |
| Level | Minor | Minor | Intermediate | - | Minor | 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 | 15,520.49 | 15,637.62 | 15,736.27 | 15,853.40 | 15,952.05 | 16,069.18 | 16,167.83 |
| Camarilla | 15,775.57 | 15,795.35 | 15,815.13 | 15,834.91 | 15,854.69 | 15,874.47 | 15,894.25 |
| Woodie | 15,511.24 | 15,633.00 | 15,727.02 | 15,848.78 | 15,942.80 | 16,064.56 | 16,158.58 |
| Fibonacci | 15,637.62 | 15,720.05 | 15,770.98 | 15,853.40 | 15,935.83 | 15,986.76 | 16,069.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,395.80 | 15,529.06 | 15,745.04 | 15,878.30 | 16,094.28 | 16,227.54 | 16,443.52 |
| Camarilla | 15,864.98 | 15,896.99 | 15,929.01 | 15,961.02 | 15,993.03 | 16,025.05 | 16,057.06 |
| Woodie | 15,437.16 | 15,549.74 | 15,786.40 | 15,898.98 | 16,135.64 | 16,248.22 | 16,484.88 |
| Fibonacci | 15,529.06 | 15,662.47 | 15,744.89 | 15,878.30 | 16,011.71 | 16,094.13 | 16,227.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,189.88 | 15,336.38 | 15,629.38 | 15,775.88 | 16,068.88 | 16,215.38 | 16,508.38 |
| Camarilla | 15,801.52 | 15,841.81 | 15,882.09 | 15,922.38 | 15,962.67 | 16,002.96 | 16,043.24 |
| Woodie | 15,263.13 | 15,373.01 | 15,702.63 | 15,812.51 | 16,142.13 | 16,252.01 | 16,581.63 |
| Fibonacci | 15,336.38 | 15,504.27 | 15,607.99 | 15,775.88 | 15,943.77 | 16,047.49 | 16,215.38 |
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): | 54.75 | |
| MACD (12,26,9): | -11.4900 | |
| Directional Movement: | 1.83 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 15,869.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,758.09 | |
| Elder Ray (13): | 27.95 | |
| Super Trend (3,10): | 15,933.77 | |
| Zig ZAG (10): | 15,917.70 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 53.61 | |
| TEMA (21): | 15,852.35 | |
| Williams %R (14): | -28.89 | |
| Chande Momentum Oscillator (20): | 56.80 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.69 |
| MA7: | 15,893.64 | |
| MA20: | 15,855.58 | |
| MA50: | 15,550.87 | |
| MA100: | 15,251.01 | |
| MAexp7: | 15,870.22 | |
| MAexp20: | 15,883.20 | |
| MAexp50: | 15,882.03 | |
| MAexp100: | 15,857.34 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +2.38% | |
| Price / MA100: | +4.40% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.40% |
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:
-
Could the ECB shock the market? German DAX in focus.
-
DAX Forecast March 23, 2023
-
Trade of the Week: Long DAX 40
-
US growth stocks come into view as Dax weakens
-
DAX Forecast February 28, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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