DAX40 PERF INDEX - 1H - Technical analysis published on 02/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 13,559.60 EUR
My targets
13,873.34 EUR (+0.73%)
14,002.48 EUR (+1.67%)
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 13,559.60 EUR. The buyers” bullish objective is set at 13,873.34 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14,002.48 EUR. If there is any crossing, the next objective would be the resistance located at 14,216.44 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX30 PERF INDEX price is 13,772.58 EUR. The price has increased by +0.21% since the last closing and was traded between 13,754.04 EUR and 13,795.24 EUR over the period. The price is currently at +0.13% from its lowest and -0.16% from its highest.13,754.04
13,795.24
13,772.58
Here is a more detailed summary of the historical variations registered by DAX30 PERF INDEX:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DAX30 PERF INDEX in 1H shows a strongly overall bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 13,445.20 | 13,559.60 | 13,758.70 | 13,772.58 |
| Change (%) | -2.38% | -1.55% | -0.10% | - |
| Change | -327.38 | -212.98 | -13.88 | - |
| Level | Intermediate | Major | Intermediate | - |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 13,658.33 | 13,693.22 | 13,718.72 | 13,753.61 | 13,779.11 | 13,814.00 | 13,839.50 |
| Camarilla | 13,727.60 | 13,733.14 | 13,738.68 | 13,744.21 | 13,749.75 | 13,755.28 | 13,760.82 |
| Woodie | 13,653.63 | 13,690.87 | 13,714.02 | 13,751.26 | 13,774.41 | 13,811.65 | 13,834.80 |
| Fibonacci | 13,693.22 | 13,716.29 | 13,730.54 | 13,753.61 | 13,776.68 | 13,790.93 | 13,814.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,187.14 | 13,316.28 | 13,530.24 | 13,659.38 | 13,873.34 | 14,002.48 | 14,216.44 |
| Camarilla | 13,649.86 | 13,681.31 | 13,712.76 | 13,744.21 | 13,775.66 | 13,807.11 | 13,838.56 |
| Woodie | 13,229.56 | 13,337.49 | 13,572.66 | 13,680.58 | 13,915.76 | 14,023.68 | 14,258.86 |
| Fibonacci | 13,316.28 | 13,447.34 | 13,528.31 | 13,659.38 | 13,790.44 | 13,871.41 | 14,002.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,048.18 | 12,498.18 | 12,740.07 | 13,190.07 | 13,431.96 | 13,881.96 | 14,123.85 |
| Camarilla | 12,791.70 | 12,855.12 | 12,918.55 | 12,981.97 | 13,045.39 | 13,108.82 | 13,172.24 |
| Woodie | 11,944.14 | 12,446.15 | 12,636.03 | 13,138.04 | 13,327.91 | 13,829.93 | 14,019.81 |
| Fibonacci | 12,498.18 | 12,762.48 | 12,925.77 | 13,190.07 | 13,454.37 | 13,617.66 | 13,881.96 |
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): | 61.15 | |
| MACD (12,26,9): | 30.6700 | |
| Directional Movement: | 7.92 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 13,780.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,725.27 | |
| Elder Ray (13): | 21.09 | |
| Super Trend (3,10): | 13,682.96 | |
| Zig ZAG (10): | 13,773.16 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 79.26 | |
| TEMA (21): | 13,772.14 | |
| Williams %R (14): | -18.17 | |
| Chande Momentum Oscillator (20): | 26.35 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.04 |
| MA7: | 13,663.89 | |
| MA20: | 13,453.85 | |
| MA50: | 13,353.87 | |
| MA100: | 13,076.97 | |
| MAexp7: | 13,761.50 | |
| MAexp20: | 13,736.91 | |
| MAexp50: | 13,659.44 | |
| MAexp100: | 13,561.04 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +2.37% | |
| Price / MA50: | +3.14% | |
| Price / MA100: | +5.32% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +1.56% |
News
The last news published on DAX30 PERF INDEX at the time of the generation of this analysis was as follows:
-
DAX Forecast February 13, 2020
-
DAX Forecast February 5, 2020
-
DAX Forecast January 28, 2020
-
DAX Forecast January 22, 2020
-
DAX Forecast January 16, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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