TECDAX30 INDEX

- EUR (-)

- 15 min delayed data - Germany Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	TDXP
ISIN:	DE0007203275

TECDAX30 INDEX - Weekly - Technical analysis published on 01/12/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

22%

My opinion

Bullish above 2,990.77 EUR

My targets

3,289.45 EUR (+4.52%)

3,590.41 EUR (+14.08%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for TECDAX30 INDEX as long as the price remains well above 2,990.77 EUR. The buyers' bullish objective is set at 3,289.45 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,590.41 EUR. If there is any crossing, the next objective would be the resistance located at 3,752.95 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 3,289.45 EUR. On this resistance, against the trend traders who would like to go short on TECDAX30 INDEX with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.9

Comment on the analysis

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 Liongate78. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TECDAX30 INDEX price is 3,147.22 EUR. The price registered an increase of +4.68% over 5 days with the lowest point at 3,031.65 EUR and the highest point at 3,161.66 EUR. The deviation from the price is +3.81% for the low point and -0.46% for the high point.

3,031.65

3,161.66

3,147.22

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of TECDAX30 INDEX in Weekly shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Weekly

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,607.46	2,813.38	2,990.77	3,147.22	3,289.45	3,590.41	3,752.95
Change (%)	-17.15%	-10.61%	-4.97%	-	+4.52%	+14.08%	+19.25%
Change	-539.76	-333.84	-156.45	-	+142.23	+443.19	+605.73
Level	Major	Major	Minor	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,051.87	3,076.71	3,111.98	3,136.82	3,172.09	3,196.93	3,232.20
Camarilla	3,130.72	3,136.23	3,141.74	3,147.25	3,152.76	3,158.27	3,163.78
Woodie	3,057.09	3,079.32	3,117.20	3,139.43	3,177.31	3,199.54	3,237.42
Fibonacci	3,076.71	3,099.67	3,113.86	3,136.82	3,159.78	3,173.97	3,196.93

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,803.82	2,850.48	2,939.10	2,985.76	3,074.38	3,121.04	3,209.66
Camarilla	2,990.52	3,002.92	3,015.32	3,027.72	3,040.12	3,052.52	3,064.92
Woodie	2,824.80	2,860.97	2,960.08	2,996.25	3,095.36	3,131.53	3,230.64
Fibonacci	2,850.48	2,902.16	2,934.08	2,985.76	3,037.44	3,069.36	3,121.04

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,542.49	2,714.55	2,817.84	2,989.90	3,093.19	3,265.25	3,368.54
Camarilla	2,845.40	2,870.64	2,895.88	2,921.12	2,946.36	2,971.60	2,996.84
Woodie	2,508.10	2,697.36	2,783.45	2,972.71	3,058.80	3,248.06	3,334.15
Fibonacci	2,714.55	2,819.74	2,884.72	2,989.90	3,095.09	3,160.07	3,265.25

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):	57.74
MACD (12,26,9):	-0.6400
Directional Movement:	7.64
AROON (14):	50.00
DEMA (21):	2,966.22
Parabolic SAR (0,02-0,02-0,2):	2,803.76
Elder Ray (13):	102.62
Super Trend (3,10):	2,673.72
Zig ZAG (10):	3,152.66
VORTEX (21):	0.9700
Stochastique (14,3,5):	77.63
TEMA (21):	3,039.77
Williams %R (14):	-1.78
Chande Momentum Oscillator (20):	415.59
Repulse (5,40,3):	6.4400
ROCnROLL:	1
TRIX (15,9):	-0.1500
Courbe Coppock:	16.42

MA7:	3,072.93
MA20:	2,977.01
MA50:	3,020.96
MA100:	2,919.00
MAexp7:	3,022.22
MAexp20:	2,987.38
MAexp50:	3,080.82
MAexp100:	3,163.76
Price / MA7:	+2.42%
Price / MA20:	+5.72%
Price / MA50:	+4.18%
Price / MA100:	+7.82%
Price / MAexp7:	+4.14%
Price / MAexp20:	+5.35%
Price / MAexp50:	+2.16%
Price / MAexp100:	-0.52%

Quotes : - 15 min delayed data - Germany Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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