TECDAX30 INDEX - 1H - Technical analysis published on 12/27/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 2,958.96 EUR
My targets
2,844.53 EUR (-2.01%)
2,813.38 EUR (-3.08%)
My analysis
The bearish basic trend is very strong on TECDAX30 INDEX but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 2,958.96 EUR. Crossing the first support at 2,844.53 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 2,813.38 EUR as an objective. Crossing it would then enable sellers to target 2,664.44 EUR. Caution, a return to above the resistance located at 2,958.96 EUR would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TECDAX30 INDEX price is 2,902.83 EUR. The price is lower by -0.03% since the last closing and was traded between 2,894.77 EUR and 2,928.07 EUR over the period. The price is currently at +0.28% from its lowest and -0.86% from its highest.2,894.77
2,928.07
2,902.83
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of TECDAX30 INDEX indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,664.44 | 2,813.38 | 2,898.53 | 2,902.83 | 2,958.96 | 2,990.77 | 3,024.53 |
| Change (%) | -8.21% | -3.08% | -0.15% | - | +1.93% | +3.03% | +4.19% |
| Change | -238.39 | -89.45 | -4.30 | - | +56.13 | +87.94 | +121.70 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,855.74 | 2,875.26 | 2,889.04 | 2,908.56 | 2,922.34 | 2,941.86 | 2,955.64 |
| Camarilla | 2,893.67 | 2,896.73 | 2,899.78 | 2,902.83 | 2,905.88 | 2,908.94 | 2,911.99 |
| Woodie | 2,852.88 | 2,873.83 | 2,886.18 | 2,907.13 | 2,919.48 | 2,940.43 | 2,952.78 |
| Fibonacci | 2,875.26 | 2,887.98 | 2,895.84 | 2,908.56 | 2,921.28 | 2,929.14 | 2,941.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,802.02 | 2,844.53 | 2,874.05 | 2,916.56 | 2,946.08 | 2,988.59 | 3,018.11 |
| Camarilla | 2,883.76 | 2,890.37 | 2,896.97 | 2,903.57 | 2,910.17 | 2,916.78 | 2,923.38 |
| Woodie | 2,795.53 | 2,841.28 | 2,867.56 | 2,913.31 | 2,939.59 | 2,985.34 | 3,011.62 |
| Fibonacci | 2,844.53 | 2,872.05 | 2,889.05 | 2,916.56 | 2,944.08 | 2,961.08 | 2,988.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,471.80 | 2,627.35 | 2,848.65 | 3,004.20 | 3,225.50 | 3,381.05 | 3,602.35 |
| Camarilla | 2,966.33 | 3,000.87 | 3,035.42 | 3,069.96 | 3,104.51 | 3,139.05 | 3,173.59 |
| Woodie | 2,504.69 | 2,643.79 | 2,881.54 | 3,020.64 | 3,258.39 | 3,397.49 | 3,635.24 |
| Fibonacci | 2,627.35 | 2,771.30 | 2,860.24 | 3,004.20 | 3,148.15 | 3,237.09 | 3,381.05 |
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): | 52.02 | |
| MACD (12,26,9): | -4.8100 | |
| Directional Movement: | 6.42 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 2,910.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,889.43 | |
| Elder Ray (13): | 6.95 | |
| Super Trend (3,10): | 2,935.83 | |
| Zig ZAG (10): | 2,922.93 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 76.83 | |
| TEMA (21): | 2,913.26 | |
| Williams %R (14): | -11.82 | |
| Chande Momentum Oscillator (20): | 9.18 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.94 |
| MA7: | 2,921.05 | |
| MA20: | 3,014.93 | |
| MA50: | 2,974.06 | |
| MA100: | 2,932.61 | |
| MAexp7: | 2,915.19 | |
| MAexp20: | 2,917.57 | |
| MAexp50: | 2,934.76 | |
| MAexp100: | 2,967.70 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -3.72% | |
| Price / MA50: | -2.40% | |
| Price / MA100: | -1.02% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -0.51% | |
| Price / MAexp50: | -1.09% | |
| Price / MAexp100: | -2.19% |
Quotes :
-
15 min delayed data
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Germany Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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