DAX40 PERF INDEX - Weekly - Technical analysis published on 11/23/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 14,973.33 EUR
My targets
16,325.41 EUR (+2.07%)
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 14,973.33 EUR. The next resistance located at 16,325.41 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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This analysis was given by stanleygariseb. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX40 PERF INDEX rating 15,994.73 EUR. The price is up +1.32% over 5 days and has been traded over the last 5 days between 15,854.82 EUR and 16,005.45 EUR. This implies that the 5 day price is +0.88% from its lowest point and -0.07% from its highest point.15,854.82
16,005.45
15,994.73
Here is a more detailed summary of the historical variations registered by DAX40 PERF INDEX:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of DAX40 PERF INDEX indicates that the overall trend is strongly bullish. 92.86% 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 several bullish signals that could impact this trend:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Weekly
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Weekly
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Weekly
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
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 11,972.25 | 13,789.00 | 14,973.33 | 15,994.73 | 16,271.75 |
Change (%) | -25.15% | -13.79% | -6.39% | - | +1.73% |
Change | -4,022.48 | -2,205.73 | -1,021.40 | - | +277.02 |
Level | Major | Intermediate | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15,919.32 | 15,938.69 | 15,966.71 | 15,986.08 | 16,014.10 | 16,033.47 | 16,061.49 |
Camarilla | 15,981.70 | 15,986.04 | 15,990.39 | 15,994.73 | 15,999.07 | 16,003.42 | 16,007.76 |
Woodie | 15,923.65 | 15,940.85 | 15,971.04 | 15,988.24 | 16,018.43 | 16,035.63 | 16,065.82 |
Fibonacci | 15,938.69 | 15,956.79 | 15,967.98 | 15,986.08 | 16,004.18 | 16,015.37 | 16,033.47 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14,763.29 | 15,007.78 | 15,463.47 | 15,707.96 | 16,163.65 | 16,408.14 | 16,863.83 |
Camarilla | 15,726.61 | 15,790.79 | 15,854.98 | 15,919.16 | 15,983.34 | 16,047.53 | 16,111.71 |
Woodie | 14,868.89 | 15,060.58 | 15,569.07 | 15,760.76 | 16,269.25 | 16,460.94 | 16,969.43 |
Fibonacci | 15,007.78 | 15,275.25 | 15,440.49 | 15,707.96 | 15,975.43 | 16,140.67 | 16,408.14 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 57.31 | |
MACD (12,26,9): | -26.5300 | |
Directional Movement: | 5.11 | |
AROON (14): | -57.14 | |
DEMA (21): | 15,516.88 | |
Parabolic SAR (0,02-0,02-0,2): | 14,656.65 | |
Elder Ray (13): | 429.56 | |
Super Trend (3,10): | 16,114.23 | |
Zig ZAG (10): | 15,994.73 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 76.70 | |
TEMA (21): | 15,333.01 | |
Williams %R (14): | -3.39 | |
Chande Momentum Oscillator (20): | 154.39 | |
Repulse (5,40,3): | 4.5800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0400 | |
Courbe Coppock: | 6.31 |
MA7: | 15,886.91 | |
MA20: | 15,387.17 | |
MA50: | 15,312.32 | |
MA100: | 15,611.84 | |
MAexp7: | 15,520.43 | |
MAexp20: | 15,529.07 | |
MAexp50: | 15,341.63 | |
MAexp100: | 14,957.09 | |
Price / MA7: | +0.68% | |
Price / MA20: | +3.95% | |
Price / MA50: | +4.46% | |
Price / MA100: | +2.45% | |
Price / MAexp7: | +3.06% | |
Price / MAexp20: | +3.00% | |
Price / MAexp50: | +4.26% | |
Price / MAexp100: | +6.94% |
Quotes :
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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:
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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.
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