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 - 1H - Technical analysis published on 10/11/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 15,198.41 EUR

My targets

15,537.68 EUR (+0.74%)

15,810.36 EUR (+2.51%)

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 15,198.41 EUR. The next resistance located at 15,537.68 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 15,810.36 EUR. After this resistance, buyers could then target 15,893.86 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

7.9

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

Additional analysis

Quotes

DAX40 PERF INDEX rating 15,423.52 EUR. The price registered an increase of +1.95% on the session and was between 15,272.57 EUR and 15,443.45 EUR. This implies that the price is at +0.99% from its lowest and at -0.13% from its highest.

15,272.57

15,443.45

15,423.52

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

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 an item:

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 strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15,033.55	15,198.41	15,386.58	15,423.52	15,537.68	15,810.36	15,893.86
Change (%)	-2.53%	-1.46%	-0.24%	-	+0.74%	+2.51%	+3.05%
Change	-389.97	-225.11	-36.94	-	+114.16	+386.84	+470.34
Level	Intermediate	Major	Intermediate	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,145.36	15,208.97	15,316.24	15,379.85	15,487.12	15,550.73	15,658.00
Camarilla	15,376.53	15,392.19	15,407.86	15,423.52	15,439.18	15,454.85	15,470.51
Woodie	15,167.20	15,219.89	15,338.08	15,390.77	15,508.96	15,561.65	15,679.84
Fibonacci	15,208.97	15,274.24	15,314.57	15,379.85	15,445.12	15,485.45	15,550.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,431.47	14,689.78	14,959.77	15,218.08	15,488.07	15,746.38	16,016.37
Camarilla	15,084.49	15,132.92	15,181.34	15,229.77	15,278.20	15,326.63	15,375.05
Woodie	14,437.32	14,692.70	14,965.62	15,221.00	15,493.92	15,749.30	16,022.22
Fibonacci	14,689.78	14,891.59	15,016.27	15,218.08	15,419.89	15,544.57	15,746.38

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,169.75	14,654.21	15,020.39	15,504.85	15,871.03	16,355.49	16,721.67
Camarilla	15,152.65	15,230.63	15,308.61	15,386.58	15,464.56	15,542.53	15,620.51
Woodie	14,110.62	14,624.64	14,961.26	15,475.28	15,811.90	16,325.92	16,662.54
Fibonacci	14,654.21	14,979.15	15,179.90	15,504.85	15,829.79	16,030.54	16,355.49

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):	66.33
MACD (12,26,9):	70.5500
Directional Movement:	22.92
AROON (14):	78.57
DEMA (21):	15,363.53
Parabolic SAR (0,02-0,02-0,2):	15,222.31
Elder Ray (13):	98.25
Super Trend (3,10):	15,247.27
Zig ZAG (10):	15,423.52
VORTEX (21):	1.1200
Stochastique (14,3,5):	93.68
TEMA (21):	15,423.06
Williams %R (14):	-5.60
Chande Momentum Oscillator (20):	327.50
Repulse (5,40,3):	0.2900
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	3.14

MA7:	15,183.42
MA20:	15,426.40
MA50:	15,650.39
MA100:	15,842.75
MAexp7:	15,373.60
MAexp20:	15,282.51
MAexp50:	15,232.84
MAexp100:	15,281.84
Price / MA7:	+1.58%
Price / MA20:	-0.02%
Price / MA50:	-1.45%
Price / MA100:	-2.65%
Price / MAexp7:	+0.32%
Price / MAexp20:	+0.92%
Price / MAexp50:	+1.25%
Price / MAexp100:	+0.93%

Quotes : - 15 min delayed data - Germany Indices

News

The last news published on DAX40 PERF INDEX at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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