DAX40 PERF INDEX - 1H - Technical analysis published on 05/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 15,863.10 EUR
My targets
16,079.70 EUR (+0.61%)
16,271.80 EUR (+1.81%)
My analysis
The basic trend is currently slightly bullish on DAX40 PERF INDEX and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 15,863.10 EUR, purchases could be favourable. The first bullish objective would be the resistance located at 16,079.70 EUR. Then the price could move towards 16,271.80 EUR. Then 16,331.90 EUR by extension. A return under the support to 15,863.10 EUR could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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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 rating is 15,982.86 EUR. The price has increased by +0.19% since the last closing and was between 15,927.11 EUR and 16,058.43 EUR. This implies that the price is at +0.35% from its lowest and at -0.47% from its highest.15,927.11
16,058.43
15,982.86
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
Technical analysis of this 1H chart of DAX40 PERF INDEX indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,662.30 | 15,726.60 | 15,863.10 | 15,982.86 | 15,983.20 | 16,079.70 | 16,271.80 |
| Change (%) | -2.01% | -1.60% | -0.75% | - | +0.00% | +0.61% | +1.81% |
| Change | -320.56 | -256.26 | -119.76 | - | +0.34 | +96.84 | +288.94 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,737.55 | 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): | 52.03 | |
| MACD (12,26,9): | 23.1900 | |
| Directional Movement: | 4.23 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 16,001.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 16,059.60 | |
| Elder Ray (13): | -2.44 | |
| Super Trend (3,10): | 15,923.19 | |
| Zig ZAG (10): | 15,980.64 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 54.27 | |
| TEMA (21): | 16,033.56 | |
| Williams %R (14): | -60.96 | |
| Chande Momentum Oscillator (20): | 20.03 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.49 |
| MA7: | 15,989.41 | |
| MA20: | 15,960.06 | |
| MA50: | 15,713.11 | |
| MA100: | 15,482.94 | |
| MAexp7: | 15,999.50 | |
| MAexp20: | 15,974.79 | |
| MAexp50: | 15,970.74 | |
| MAexp100: | 15,977.73 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | +0.14% | |
| Price / MA50: | +1.72% | |
| Price / MA100: | +3.23% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.03% |
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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