DAX40 PERF INDEX
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 - 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

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 stanleygariseb. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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

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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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


S3S2S1PriceR1
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
Standard15,919.3215,938.6915,966.7115,986.0816,014.1016,033.4716,061.49
Camarilla15,981.7015,986.0415,990.3915,994.7315,999.0716,003.4216,007.76
Woodie15,923.6515,940.8515,971.0415,988.2416,018.4316,035.6316,065.82
Fibonacci15,938.6915,956.7915,967.9815,986.0816,004.1816,015.3716,033.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14,763.2915,007.7815,463.4715,707.9616,163.6516,408.1416,863.83
Camarilla15,726.6115,790.7915,854.9815,919.1615,983.3416,047.5316,111.71
Woodie14,868.8915,060.5815,569.0715,760.7616,269.2516,460.9416,969.43
Fibonacci15,007.7815,275.2515,440.4915,707.9615,975.4316,140.6716,408.14


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13,490.2014,060.2114,435.2715,005.2815,380.3415,950.3516,325.41
Camarilla14,550.4514,637.0814,723.7114,810.3414,896.9714,983.6015,070.23
Woodie13,392.7414,011.4714,337.8114,956.5415,282.8815,901.6116,227.95
Fibonacci14,060.2114,421.2214,644.2615,005.2815,366.2915,589.3315,950.35

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 : - 15 min delayed data - Germany Indices

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

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