DAX40 PERF INDEX - 1H - Technical analysis published on 08/14/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 11,561.40 EUR
My targets
11,370.40 EUR (-0.96%)
10,913.00 EUR (-4.95%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DAX30 Perf Index as long as the price remains well below 11,561.40 EUR. The sellers” bearish objective is set at 11,370.40 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10,913.00 EUR. In case of crossing, the next objective would be the support located at 10,387.50 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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 Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX30 Perf Index price is 11,480.91 EUR. The price is lower by -2.29% since the last closing with the lowest point at 11,464.29 EUR and the highest point at 11,759.57 EUR. The deviation from the price is +0.14% for the low point and -2.37% for the high point.11,464.29
11,759.57
11,480.91
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.
Bullish opening
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:
Technical
A technical analysis in 1H of this DAX30 Perf Index chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,387.50 | 10,913.00 | 11,370.40 | 11,480.91 | 11,561.40 | 11,647.70 | 11,767.10 |
| Change (%) | -9.52% | -4.95% | -0.96% | - | +0.70% | +1.45% | +2.49% |
| Change | -1,093.41 | -567.91 | -110.51 | - | +80.49 | +166.79 | +286.19 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,284.96 | 11,412.30 | 11,581.21 | 11,708.55 | 11,877.46 | 12,004.80 | 12,173.71 |
| Camarilla | 11,668.66 | 11,695.82 | 11,722.97 | 11,750.13 | 11,777.29 | 11,804.44 | 11,831.60 |
| Woodie | 11,305.76 | 11,422.69 | 11,602.01 | 11,718.94 | 11,898.26 | 12,015.19 | 12,194.51 |
| Fibonacci | 11,412.30 | 11,525.46 | 11,595.38 | 11,708.55 | 11,821.71 | 11,891.63 | 12,004.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,241.40 | 11,400.60 | 11,547.20 | 11,706.40 | 11,853.00 | 12,012.20 | 12,158.80 |
| Camarilla | 11,609.71 | 11,637.74 | 11,665.77 | 11,693.80 | 11,721.83 | 11,749.86 | 11,777.90 |
| Woodie | 11,235.10 | 11,397.45 | 11,540.90 | 11,703.25 | 11,846.70 | 12,009.05 | 12,152.50 |
| Fibonacci | 11,400.60 | 11,517.42 | 11,589.58 | 11,706.40 | 11,823.22 | 11,895.38 | 12,012.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,443.50 | 11,779.40 | 11,984.20 | 12,320.10 | 12,524.90 | 12,860.80 | 13,065.60 |
| Camarilla | 12,040.31 | 12,089.87 | 12,139.44 | 12,189.00 | 12,238.56 | 12,288.13 | 12,337.69 |
| Woodie | 11,377.95 | 11,746.63 | 11,918.65 | 12,287.33 | 12,459.35 | 12,828.03 | 13,000.05 |
| Fibonacci | 11,779.40 | 11,985.95 | 12,113.55 | 12,320.10 | 12,526.65 | 12,654.25 | 12,860.80 |
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): | 34.98 | |
| MACD (12,26,9): | -50.6400 | |
| Directional Movement: | -12.27 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 11,545.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,747.71 | |
| Elder Ray (13): | -96.20 | |
| Super Trend (3,10): | 11,667.09 | |
| Zig ZAG (10): | 11,478.54 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 6.14 | |
| TEMA (21): | 11,517.50 | |
| Williams %R (14): | -99.30 | |
| Chande Momentum Oscillator (20): | -88.05 | |
| Repulse (5,40,3): | -0.5000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.62 |
| MA7: | 11,664.65 | |
| MA20: | 12,039.12 | |
| MA50: | 12,203.39 | |
| MA100: | 12,095.43 | |
| MAexp7: | 11,533.01 | |
| MAexp20: | 11,604.16 | |
| MAexp50: | 11,679.82 | |
| MAexp100: | 11,808.30 | |
| Price / MA7: | -1.58% | |
| Price / MA20: | -4.64% | |
| Price / MA50: | -5.92% | |
| Price / MA100: | -5.08% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | -1.06% | |
| Price / MAexp50: | -1.70% | |
| Price / MAexp100: | -2.77% |
News
Don"t forget to follow the news on DAX30 Perf Index. At the time of publication of this analysis, the latest news was as follows:
-
Dow, DAX and Nikkei Catalysts for the Week Ahead May 10
-
Dow, DAX and Nikkei Catalysts for the Week Ahead May 3
-
Scalping the DAX: 2019 Video Strategy Guide
-
DAX at Risk From Auto-Tariffs | Feb 2019
-
DAX 30 may challenge resistance
This member declared not having a position on this financial instrument or a related financial instrument.
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