DAX30 PERF INDEX
DAX30 PERF INDEX
13,681.19 EUR (-0.75%)
15 min delay - Germany Indices
Open: 13,668.94
Change: -102.70
Volume: 339,539
Low: 13,660.45
High: 13,731.39
High / Low range: 70.94
Type: Indices
Ticker: DAX
ISIN: DE0008469008

DAX30 PERF INDEX - Daily - Technical analysis published on 01/08/2020

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  • Timeframe : Daily
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 12,876.30 EUR
My targets
13,559.60 EUR (+2.81%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 12,876.30 EUR remains possible. It is advisable to trade DAX30 PERF INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 12,876.30 EUR. The next bullish objective for buyers is set at 13,559.60 EUR. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 12,876.30 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
3

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 rating is 13,189.44 EUR. The price registered a decrease of -0.28% on the session with the lowest point at 13,106.27 EUR and the highest point at 13,190.16 EUR. The deviation from the price is +0.63% for the low point and -0.01% for the high point.

13,106.27
13,190.16
13,189.44

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this DAX30 PERF INDEX chart shows a bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 11,726.80 12,374.70 12,876.30 13,189.44 13,288.70 13,559.60
Change (%) -11.09% -6.18% -2.37% - +0.75% +2.81%
Change -1,462.64 -814.74 -313.14 - +99.26 +370.16
Level Minor Intermediate Major - Major Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13,050.0513,108.2213,167.5313,225.7013,285.0113,343.1813,402.49
Camarilla13,194.5213,205.2913,216.0613,226.8313,237.6013,248.3713,259.14
Woodie13,050.6113,108.5113,168.0913,225.9813,285.5713,343.4613,403.05
Fibonacci13,108.2213,153.1013,180.8313,225.7013,270.5813,298.3113,343.18


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,780.5912,950.6513,084.9013,254.9613,389.2113,559.2713,693.52
Camarilla13,135.4613,163.3513,191.2413,219.1413,247.0313,274.9313,302.83
Woodie12,762.6712,941.7013,066.9813,246.0113,371.3013,550.3213,675.61
Fibonacci12,950.6513,066.9013,138.7213,254.9613,371.2113,443.0313,559.27


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,409.1212,647.8412,948.4213,187.1413,487.7213,726.4414,027.02
Camarilla13,100.7013,150.1413,199.5713,249.0113,298.4513,347.8813,397.32
Woodie12,440.0612,663.3112,979.3613,202.6113,518.6613,741.9114,057.96
Fibonacci12,647.8412,853.8512,981.1213,187.1413,393.1513,520.4213,726.44

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): 49.15
MACD (12,26,9): 29.7400
Directional Movement: -4.32
AROON (14): -71.42
DEMA (21): 13,273.53
Parabolic SAR (0,02-0,02-0,2): 13,387.64
Elder Ray (13): -85.28
Super Trend (3,10): 12,979.24
Zig ZAG (10): 13,184.87
VORTEX (21): 0.9300
Stochastique (14,3,5): 48.72
TEMA (21): 13,227.96
Williams %R (14): -49.71
Chande Momentum Oscillator (20): -220.17
Repulse (5,40,3): 1.3900
ROCnROLL: -1
TRIX (15,9): 0.0500
Courbe Coppock: 0.94
MA7: 13,245.84
MA20: 13,226.18
MA50: 13,165.21
MA100: 12,665.30
MAexp7: 13,223.33
MAexp20: 13,221.99
MAexp50: 13,078.14
MAexp100: 12,804.95
Price / MA7: -0.43%
Price / MA20: -0.28%
Price / MA50: +0.18%
Price / MA100: +4.14%
Price / MAexp7: -0.26%
Price / MAexp20: -0.25%
Price / MAexp50: +0.85%
Price / MAexp100: +3.00%

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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