DAX40 PERF INDEX - 15 min. - Technical analysis published on 11/10/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
50%
11%
39%
My opinion
Bearish under 15,310.01 EUR
My targets
15,158.51 EUR (-0.63%)
15,104.02 EUR (-0.98%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for DAX40 PERF INDEX as long as the price remains well below 15,310.01 EUR. The sellers' bearish objective is set at 15,158.51 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15,104.02 EUR. If there is any crossing, the next objective would be the support located at 15,068.25 EUR.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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Additional analysis
Quotes
The DAX40 PERF INDEX price is 15,254.03 EUR. On the day, this instrument lost -0.64% with the lowest point at 15,215.04 EUR and the highest point at 15,309.52 EUR. The deviation from the price is +0.26% for the low point and -0.36% for the high point.15,215.04
15,309.52
15,254.03
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of DAX40 PERF INDEX indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 14,973.33 | 15,068.25 | 15,212.10 | 15,254.03 | 15,527.71 | 15,951.46 | 16,271.75 |
Change (%) | -1.84% | -1.22% | -0.27% | - | +1.79% | +4.57% | +6.67% |
Change | -280.70 | -185.78 | -41.93 | - | +273.68 | +697.43 | +1,017.72 |
Level | Major | Minor | Major | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15,104.02 | 15,158.51 | 15,255.52 | 15,310.01 | 15,407.02 | 15,461.51 | 15,558.52 |
Camarilla | 15,310.88 | 15,324.77 | 15,338.65 | 15,352.54 | 15,366.43 | 15,380.32 | 15,394.20 |
Woodie | 15,125.29 | 15,169.14 | 15,276.79 | 15,320.64 | 15,428.29 | 15,472.14 | 15,579.79 |
Fibonacci | 15,158.51 | 15,216.38 | 15,252.13 | 15,310.01 | 15,367.88 | 15,403.63 | 15,461.51 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14,231.38 | 14,455.06 | 14,822.15 | 15,045.83 | 15,412.92 | 15,636.60 | 16,003.69 |
Camarilla | 15,026.79 | 15,080.94 | 15,135.10 | 15,189.25 | 15,243.40 | 15,297.56 | 15,351.71 |
Woodie | 14,303.10 | 14,490.91 | 14,893.87 | 15,081.68 | 15,484.64 | 15,672.45 | 16,075.41 |
Fibonacci | 14,455.06 | 14,680.73 | 14,820.15 | 15,045.83 | 15,271.50 | 15,410.92 | 15,636.60 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13,490.20 | 14,060.21 | 14,435.27 | 15,005.28 | 15,380.34 | 15,950.35 | 16,325.41 |
Camarilla | 14,550.45 | 14,637.08 | 14,723.71 | 14,810.34 | 14,896.97 | 14,983.60 | 15,070.23 |
Woodie | 13,392.74 | 14,011.47 | 14,337.81 | 14,956.54 | 15,282.88 | 15,901.61 | 16,227.95 |
Fibonacci | 14,060.21 | 14,421.22 | 14,644.26 | 15,005.28 | 15,366.29 | 15,589.33 | 15,950.35 |
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): | 48.12 | |
MACD (12,26,9): | -11.8300 | |
Directional Movement: | 1.24 | |
AROON (14): | -57.14 | |
DEMA (21): | 15,244.11 | |
Parabolic SAR (0,02-0,02-0,2): | 15,219.59 | |
Elder Ray (13): | 8.71 | |
Super Trend (3,10): | 15,281.13 | |
Zig ZAG (10): | 15,259.24 | |
VORTEX (21): | 0.8700 | |
Stochastique (14,3,5): | 73.07 | |
TEMA (21): | 15,236.98 | |
Williams %R (14): | -33.48 | |
Chande Momentum Oscillator (20): | -3.89 | |
Repulse (5,40,3): | 0.0600 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 0.25 |
MA7: | 15,208.16 | |
MA20: | 15,016.43 | |
MA50: | 15,304.82 | |
MA100: | 15,623.27 | |
MAexp7: | 15,252.03 | |
MAexp20: | 15,259.97 | |
MAexp50: | 15,264.48 | |
MAexp100: | 15,237.78 | |
Price / MA7: | +0.30% | |
Price / MA20: | +1.58% | |
Price / MA50: | -0.33% | |
Price / MA100: | -2.36% | |
Price / MAexp7: | +0.01% | |
Price / MAexp20: | -0.04% | |
Price / MAexp50: | -0.07% | |
Price / MAexp100: | +0.11% |
Quotes :
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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:
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Trade of the week: long DAX 40
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Trade of the Week: long DAX 40 index
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Trade of the Week: Long Dax
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Weak Ifo sends the Dax down 🇩🇪
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Risk event for the week starting 26 June: DAX on German data
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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