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 05/24/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

33%

50%

My opinion

Bullish above 15,200.40 EUR

My targets

16,271.80 EUR (+2.71%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 15,200.40 EUR remains possible. It is advisable to trade DAX40 PERF INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 15,200.40 EUR. The next bullish objective for buyers is set at 16,271.80 EUR. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 15,200.40 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

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 Tav2trade. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DAX40 PERF INDEX price is 15,842.13 EUR. On the day, this instrument lost -1.92% with the lowest point at 15,802.86 EUR and the highest point at 16,013.29 EUR. The deviation from the price is +0.25% for the low point and -1.07% for the high point.

15,802.86

16,013.29

15,842.13

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

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this DAX40 PERF INDEX chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	11,969.60	13,789.00	15,200.40	15,842.13	15,961.00	16,271.80
Change (%)	-24.44%	-12.96%	-4.05%	-	+0.75%	+2.71%
Change	-3,872.53	-2,053.13	-641.73	-	+118.87	+429.67
Level	Major	Major	Intermediate	-	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	15,548.47	15,675.66	15,758.90	15,886.09	15,969.33	16,096.52	16,179.76
Camarilla	15,784.26	15,803.55	15,822.84	15,842.13	15,861.42	15,880.71	15,900.00
Woodie	15,526.49	15,664.67	15,736.92	15,875.10	15,947.35	16,085.53	16,157.78
Fibonacci	15,675.66	15,756.05	15,805.71	15,886.09	15,966.48	16,016.14	16,096.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,511.25	15,686.70	15,981.04	16,156.49	16,450.83	16,626.28	16,920.62
Camarilla	16,146.19	16,189.25	16,232.32	16,275.38	16,318.44	16,361.51	16,404.57
Woodie	15,570.70	15,716.42	16,040.49	16,186.21	16,510.28	16,656.00	16,980.07
Fibonacci	15,686.70	15,866.16	15,977.03	16,156.49	16,335.95	16,446.82	16,626.28

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 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):	47.92
MACD (12,26,9):	108.2100
Directional Movement:	-4.04
AROON (14):	78.57
DEMA (21):	16,097.96
Parabolic SAR (0,02-0,02-0,2):	16,331.94
Elder Ray (13):	-94.74
Super Trend (3,10):	15,791.53
Zig ZAG (10):	15,842.13
VORTEX (21):	0.9400
Stochastique (14,3,5):	57.42
TEMA (21):	16,098.56
Williams %R (14):	-84.86
Chande Momentum Oscillator (20):	-110.70
Repulse (5,40,3):	-1.3800
ROCnROLL:	-1
TRIX (15,9):	0.1000
Courbe Coppock:	2.77

MA7:	16,072.42
MA20:	15,936.66
MA50:	15,636.75
MA100:	15,417.58
MAexp7:	16,041.02
MAexp20:	15,948.85
MAexp50:	15,721.41
MAexp100:	15,350.95
Price / MA7:	-1.43%
Price / MA20:	-0.59%
Price / MA50:	+1.31%
Price / MA100:	+2.75%
Price / MAexp7:	-1.24%
Price / MAexp20:	-0.67%
Price / MAexp50:	+0.77%
Price / MAexp100:	+3.20%

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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