DAX40 PERF INDEX - 1H - Technical analysis published on 02/21/2020 (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:
Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 13,791.70 EUR
My targets
13,559.60 EUR (-0.71%)
13,376.80 EUR (-2.05%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on DAX30 PERF INDEX as long as the price remains well below 13,791.70 EUR. The next bearish objective for sellers is set at 13,559.60 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13,376.80 EUR. In case of crossing, the next objective would be the support located at 13,288.70 EUR.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
4.3
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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 rating is 13,656.97 EUR. The price registered a decrease of -0.05% on the session and was between 13,569.25 EUR and 13,682.18 EUR. This implies that the price is at +0.65% from its lowest and at -0.18% from its highest.13,569.25
13,682.18
13,656.97
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DAX30 PERF INDEX indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 13,288.70 | 13,376.80 | 13,559.60 | 13,656.97 | 13,791.70 |
| Change (%) | -2.70% | -2.05% | -0.71% | - | +0.99% |
| Change | -368.27 | -280.17 | -97.37 | - | +134.73 |
| Level | Major | Minor | Major | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,498.12 | 13,581.06 | 13,622.53 | 13,705.47 | 13,746.94 | 13,829.88 | 13,871.35 |
| Camarilla | 13,629.79 | 13,641.19 | 13,652.60 | 13,664.00 | 13,675.41 | 13,686.81 | 13,698.21 |
| Woodie | 13,477.38 | 13,570.69 | 13,601.80 | 13,695.10 | 13,726.21 | 13,819.51 | 13,850.62 |
| Fibonacci | 13,581.06 | 13,628.58 | 13,657.95 | 13,705.47 | 13,753.00 | 13,782.36 | 13,829.88 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.91 | |
| MACD (12,26,9): | -17.2400 | |
| Directional Movement: | -28.78 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 13,705.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,769.47 | |
| Elder Ray (13): | -76.23 | |
| Super Trend (3,10): | 13,755.79 | |
| Zig ZAG (10): | 13,634.65 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 20.74 | |
| TEMA (21): | 13,695.23 | |
| Williams %R (14): | -69.91 | |
| Chande Momentum Oscillator (20): | -136.52 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.65 |
| MA7: | 13,720.11 | |
| MA20: | 13,491.16 | |
| MA50: | 13,402.52 | |
| MA100: | 13,133.09 | |
| MAexp7: | 13,695.04 | |
| MAexp20: | 13,718.80 | |
| MAexp50: | 13,711.87 | |
| MAexp100: | 13,649.10 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | +1.23% | |
| Price / MA50: | +1.90% | |
| Price / MA100: | +3.99% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -0.40% | |
| Price / MAexp100: | +0.06% |
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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