DAX40 PERF INDEX - Daily - Technical analysis published on 05/30/2023 (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
22%
28%
50%
My opinion
Bullish above 15,200.40 EUR
My targets
16,271.80 EUR (+2.00%)
My analysis
DAX40 PERF INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15,200.40 EUR. The next resistance located at 16,271.80 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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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 15,952.73 EUR. On the day, this instrument lost -0.20% with the lowest point at 15,925.22 EUR and the highest point at 16,079.73 EUR. The deviation from the price is +0.17% for the low point and -0.79% for the high point.15,925.22
16,079.73
15,952.73
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX40 PERF INDEX:
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
Technical analysis of this Daily chart of DAX40 PERF INDEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 13,789.00 | 14,532.40 | 15,200.40 | 15,952.73 | 16,271.80 |
Change (%) | -13.56% | -8.90% | -4.72% | - | +2.00% |
Change | -2,163.73 | -1,420.33 | -752.33 | - | +319.07 |
Level | Intermediate | Intermediate | Intermediate | - | 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 | 15,737.55 | 15,831.38 | 15,892.06 | 15,985.89 | 16,046.57 | 16,140.40 | 16,201.08 |
Camarilla | 15,910.24 | 15,924.40 | 15,938.57 | 15,952.73 | 15,966.89 | 15,981.06 | 15,995.22 |
Woodie | 15,720.97 | 15,823.09 | 15,875.48 | 15,977.60 | 16,029.99 | 16,132.11 | 16,184.50 |
Fibonacci | 15,831.38 | 15,890.41 | 15,926.87 | 15,985.89 | 16,044.92 | 16,081.38 | 16,140.40 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15,176.24 | 15,451.37 | 15,717.67 | 15,992.80 | 16,259.10 | 16,534.23 | 16,800.53 |
Camarilla | 15,835.08 | 15,884.71 | 15,934.34 | 15,983.97 | 16,033.60 | 16,083.23 | 16,132.86 |
Woodie | 15,171.83 | 15,449.16 | 15,713.26 | 15,990.59 | 16,254.69 | 16,532.02 | 16,796.12 |
Fibonacci | 15,451.37 | 15,658.20 | 15,785.97 | 15,992.80 | 16,199.63 | 16,327.40 | 16,534.23 |
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): | 52.21 | |
MACD (12,26,9): | 69.6200 | |
Directional Movement: | 2.38 | |
AROON (14): | -28.57 | |
DEMA (21): | 16,048.31 | |
Parabolic SAR (0,02-0,02-0,2): | 16,274.72 | |
Elder Ray (13): | 31.07 | |
Super Trend (3,10): | 15,791.53 | |
Zig ZAG (10): | 15,952.73 | |
VORTEX (21): | 1.0300 | |
Stochastique (14,3,5): | 30.34 | |
TEMA (21): | 16,014.26 | |
Williams %R (14): | -62.63 | |
Chande Momentum Oscillator (20): | 117.82 | |
Repulse (5,40,3): | -0.4400 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0900 | |
Courbe Coppock: | 1.53 |
MA7: | 16,032.12 | |
MA20: | 15,947.26 | |
MA50: | 15,692.81 | |
MA100: | 15,467.47 | |
MAexp7: | 15,973.49 | |
MAexp20: | 15,940.15 | |
MAexp50: | 15,742.97 | |
MAexp100: | 15,382.77 | |
Price / MA7: | -0.50% | |
Price / MA20: | +0.03% | |
Price / MA50: | +1.66% | |
Price / MA100: | +3.14% | |
Price / MAexp7: | -0.13% | |
Price / MAexp20: | +0.08% | |
Price / MAexp50: | +1.33% | |
Price / MAexp100: | +3.71% |
Quotes :
-
15 min delayed data
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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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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