DAX30 PERF INDEX
DAX30 PERF INDEX
13,054.41 EUR (-0.39%)
15 min delay - Germany Indices
Open: 13,065.83
Change: -51.20
Volume: 264,057
Low: 12,886.55
High: 13,091.71
High / Low range: 205.16
Type: Indices
Ticker: DAX
ISIN: DE0008469008

DAX30 PERF INDEX - Daily - Technical analysis published on 06/17/2019

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  • Timeframe : Daily
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 11,787.30 EUR
My targets
12,374.70 EUR (+2.39%)
13,169.90 EUR (+8.97%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DAX30 Perf Index as long as the price remains well above 11,787.30 EUR. The buyers” bullish objective is set at 12,374.70 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13,169.90 EUR. If there is any crossing, the next objective would be the resistance located at 13,559.60 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Complete this analysis for another time unit:
15 min. 1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 product 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 analysis. 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.

Additional analysis

Quotes

The DAX30 Perf Index price is 12,086.33 EUR. On the day, this instrument lost -0.08% and was traded between 12,059.92 EUR and 12,124.68 EUR over the period. The price is currently at +0.22% from its lowest and -0.32% from its highest.

12,059.92
12,124.68
12,086.33

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this DAX30 Perf Index chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10,909.80 11,357.10 11,787.30 12,086.33 12,374.70 13,169.90 13,559.60
Change (%) -9.73% -6.03% -2.47% - +2.39% +8.97% +12.19%
Change -1,176.53 -729.23 -299.03 - +288.37 +1,083.57 +1,473.27
Level Minor Intermediate Major - Major Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,965.0012,007.3812,051.8912,094.2712,138.7812,181.1612,225.67
Camarilla12,072.5112,080.4712,088.4412,096.4012,104.3712,112.3312,120.29
Woodie11,966.0612,007.9112,052.9612,094.8012,139.8512,181.6912,226.74
Fibonacci12,007.3812,040.5712,061.0812,094.2712,127.4612,147.9712,181.16


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,844.0011,946.8812,021.6412,124.5212,199.2812,302.1612,376.92
Camarilla12,047.5512,063.8312,080.1212,096.4012,112.6812,128.9712,145.25
Woodie11,829.9411,939.8512,007.5812,117.4912,185.2212,295.1312,362.86
Fibonacci11,946.8812,014.7412,056.6612,124.5212,192.3812,234.3012,302.16

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): 52.09
MACD (12,26,9): 14.6000
Directional Movement: 0.67
AROON (14): 35.72
DEMA (21): 12,056.04
Parabolic SAR (0,02-0,02-0,2): 11,667.74
Elder Ray (13): 41.135
Super Trend (3,10): 12,208.24
Zig ZAG (10): 12,081.45
VORTEX (21): 0.9100
Stochastique (14,3,5): 81.52
TEMA (21): 12,045.55
Williams %R (14): -24.01
Chande Momentum Oscillator (20): 244.52
Repulse (5,40,3): 0.1600
ROCnROLL: 1
TRIX (15,9): -0.0200
Courbe Coppock: 0.74
MA7: 12,087.39
MA20: 12,012.31
MA50: 12,080.74
MA100: 11,737.53
MAexp7: 12,076.17
MAexp20: 12,044.19
MAexp50: 11,976.39
MAexp100: 11,833.39
Price / MA7: -0.01%
Price / MA20: +0.62%
Price / MA50: +0.05%
Price / MA100: +2.97%
Price / MAexp7: +0.08%
Price / MAexp20: +0.35%
Price / MAexp50: +0.92%
Price / MAexp100: +2.14%

News


The latest news and videos published on DAX30 Perf Index at the time of the analysis were as follows:

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

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