DAX40 PERF INDEX - 15 min. - Technical analysis published on 05/30/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 15,985.89 EUR
My targets
16,046.57 EUR (+0.13%)
16,140.40 EUR (+0.72%)
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 15,985.89 EUR. The next resistance located at 16,046.57 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 16,140.40 EUR. After this resistance, buyers could then target 16,201.08 EUR. 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.
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
0
10
6.6
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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 16,025.13 EUR. The price registered an increase of +0.45% on the session and was between 15,927.11 EUR and 16,058.43 EUR. This implies that the price is at +0.62% from its lowest and at -0.21% from its highest.15,927.11
16,058.43
16,025.13
A study of price movements over other periods shows the following variations:
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 15 min. of this DAX40 PERF INDEX chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,726.60 | 15,863.10 | 15,983.20 | 16,025.13 | 16,079.70 | 16,271.80 | 16,331.90 |
| Change (%) | -1.86% | -1.01% | -0.26% | - | +0.34% | +1.54% | +1.91% |
| Change | -298.53 | -162.03 | -41.93 | - | +54.57 | +246.67 | +306.77 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.55 | |
| MACD (12,26,9): | 20.1900 | |
| Directional Movement: | 10.75 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 16,040.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 16,013.51 | |
| Elder Ray (13): | 1.37 | |
| Super Trend (3,10): | 15,997.29 | |
| Zig ZAG (10): | 16,028.66 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 66.94 | |
| TEMA (21): | 16,048.24 | |
| Williams %R (14): | -38.72 | |
| Chande Momentum Oscillator (20): | 46.24 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.79 |
| MA7: | 15,996.65 | |
| MA20: | 15,962.23 | |
| MA50: | 15,714.00 | |
| MA100: | 15,483.38 | |
| MAexp7: | 16,032.83 | |
| MAexp20: | 16,013.79 | |
| MAexp50: | 15,981.23 | |
| MAexp100: | 15,959.06 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +0.39% | |
| Price / MA50: | +1.98% | |
| Price / MA100: | +3.50% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.41% |
Quotes :
-
15 min delayed data
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Germany Indices
News
Don't forget to follow the news on DAX40 PERF INDEX. At the time of publication of this analysis, the latest news was 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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