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 05/16/2023 (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

33%

28%

39%

My opinion

Bullish above 15,678.90 EUR

My targets

16,271.80 EUR (+2.42%)

My analysis

The bullish trend is currently very strong on DAX40 PERF INDEX. As long as the price remains above the support at 15,678.90 EUR, you could try to benefit from the boom. The first bullish objective is located at 16,271.80 EUR. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

6.3

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

Additional analysis

Quotes

The DAX40 PERF INDEX price is 15,886.83 EUR. The price is lower by -0.19% since the last closing with the lowest point at 15,862.37 EUR and the highest point at 15,968.41 EUR. The deviation from the price is +0.15% for the low point and -0.51% for the high point.

15,862.37

15,968.41

15,886.83

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

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 Daily chart of DAX40 PERF INDEX indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

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

Price is back under the pivot point

Type : Bearish

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

Price

	S3	S2	S1	Price	R1
ProTrendLines	13,789.00	15,200.40	15,678.90	15,886.83	16,271.80
Change (%)	-13.20%	-4.32%	-1.31%	-	+2.42%
Change	-2,097.83	-686.43	-207.93	-	+384.97
Level	Major	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	15,759.09	15,816.67	15,866.95	15,924.53	15,974.81	16,032.39	16,082.67
Camarilla	15,887.58	15,897.47	15,907.35	15,917.24	15,927.13	15,937.01	15,946.90
Woodie	15,755.45	15,814.85	15,863.31	15,922.71	15,971.17	16,030.57	16,079.03
Fibonacci	15,816.67	15,857.87	15,883.32	15,924.53	15,965.73	15,991.18	16,032.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,538.93	15,646.85	15,780.33	15,888.25	16,021.73	16,129.65	16,263.13
Camarilla	15,847.44	15,869.56	15,891.69	15,913.82	15,935.95	15,958.08	15,980.21
Woodie	15,551.72	15,653.24	15,793.12	15,894.64	16,034.52	16,136.04	16,275.92
Fibonacci	15,646.85	15,739.06	15,796.03	15,888.25	15,980.46	16,037.43	16,129.65

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):	54.91
MACD (12,26,9):	86.5300
Directional Movement:	2.01
AROON (14):	-14.29
DEMA (21):	15,953.71
Parabolic SAR (0,02-0,02-0,2):	15,668.72
Elder Ray (13):	47.12
Super Trend (3,10):	15,478.41
Zig ZAG (10):	15,878.82
VORTEX (21):	0.9900
Stochastique (14,3,5):	69.16
TEMA (21):	15,938.26
Williams %R (14):	-37.43
Chande Momentum Oscillator (20):	80.80
Repulse (5,40,3):	-0.7000
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	0.58

MA7:	15,906.80
MA20:	15,864.54
MA50:	15,573.73
MA100:	15,288.94
MAexp7:	15,889.48
MAexp20:	15,826.64
MAexp50:	15,618.00
MAexp100:	15,254.55
Price / MA7:	-0.13%
Price / MA20:	+0.14%
Price / MA50:	+2.01%
Price / MA100:	+3.91%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.38%
Price / MAexp50:	+1.72%
Price / MAexp100:	+4.14%

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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