TECDAX30 INDEX - Daily - Technical analysis published on 03/20/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
17%
22%
61%
My opinion
Bullish above 3,033.92 EUR
My targets
3,289.45 EUR (+2.11%)
3,590.41 EUR (+11.46%)
My analysis
With a bullish background trend, the price of TECDAX30 INDEX is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 3,033.92 EUR. A bullish break in the resistance located at 3,289.45 EUR would boost the bullish momentum and fuel the basic trend. Then the price could move towards 3,590.41 EUR. Then 3,752.95 EUR by extension. It would be safer to wait for a bullish break in the resistance located at 3,289.45 EUR before allowing yourself to re trade long positions (at purchase) on TECDAX30 INDEX. PS: if there is a bearish break in the support located at 3,033.92 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.3
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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 3,221.35 EUR. On the day, this instrument lost -0.15% with the lowest point at 3,158.45 EUR and the highest point at 3,235.46 EUR. The deviation from the price is +1.99% for the low point and -0.44% for the high point.3,158.45
3,235.46
3,221.35
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TECDAX30 INDEX:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 11 are neutral and 4 are bearish. 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 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 | 2,898.51 | 3,033.92 | 3,199.85 | 3,221.35 | 3,289.45 | 3,590.41 | 3,752.95 |
| Change (%) | -10.02% | -5.82% | -0.67% | - | +2.11% | +11.46% | +16.50% |
| Change | -322.84 | -187.43 | -21.50 | - | +68.10 | +369.06 | +531.60 |
| Level | Major | Minor | Major | - | Major | Intermediate | Minor |
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 | 3,097.70 | 3,128.08 | 3,174.71 | 3,205.09 | 3,251.72 | 3,282.10 | 3,328.73 |
| Camarilla | 3,200.17 | 3,207.23 | 3,214.29 | 3,221.35 | 3,228.41 | 3,235.47 | 3,242.53 |
| Woodie | 3,105.84 | 3,132.14 | 3,182.85 | 3,209.15 | 3,259.86 | 3,286.16 | 3,336.87 |
| Fibonacci | 3,128.08 | 3,157.49 | 3,175.67 | 3,205.09 | 3,234.50 | 3,252.68 | 3,282.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,034.82 | 3,094.92 | 3,160.56 | 3,220.66 | 3,286.30 | 3,346.40 | 3,412.04 |
| Camarilla | 3,191.61 | 3,203.14 | 3,214.66 | 3,226.19 | 3,237.72 | 3,249.24 | 3,260.77 |
| Woodie | 3,037.58 | 3,096.31 | 3,163.32 | 3,222.05 | 3,289.06 | 3,347.79 | 3,414.80 |
| Fibonacci | 3,094.92 | 3,142.96 | 3,172.63 | 3,220.66 | 3,268.70 | 3,298.37 | 3,346.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,965.65 | 3,068.60 | 3,137.97 | 3,240.92 | 3,310.29 | 3,413.24 | 3,482.61 |
| Camarilla | 3,159.95 | 3,175.75 | 3,191.54 | 3,207.34 | 3,223.14 | 3,238.93 | 3,254.73 |
| Woodie | 2,948.86 | 3,060.21 | 3,121.18 | 3,232.53 | 3,293.50 | 3,404.85 | 3,465.82 |
| Fibonacci | 3,068.60 | 3,134.43 | 3,175.09 | 3,240.92 | 3,306.75 | 3,347.41 | 3,413.24 |
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): | 48.70 | |
| MACD (12,26,9): | 0.5600 | |
| Directional Movement: | -8.85 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 3,239.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,286.66 | |
| Elder Ray (13): | -36.34 | |
| Super Trend (3,10): | 3,169.74 | |
| Zig ZAG (10): | 3,221.35 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 48.97 | |
| TEMA (21): | 3,219.48 | |
| Williams %R (14): | -57.07 | |
| Chande Momentum Oscillator (20): | 19.10 | |
| Repulse (5,40,3): | 0.7900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.05 |
| MA7: | 3,225.06 | |
| MA20: | 3,234.29 | |
| MA50: | 3,229.33 | |
| MA100: | 3,116.67 | |
| MAexp7: | 3,228.32 | |
| MAexp20: | 3,234.79 | |
| MAexp50: | 3,201.46 | |
| MAexp100: | 3,136.28 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | -0.25% | |
| Price / MA100: | +3.36% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | +0.62% | |
| Price / MAexp100: | +2.71% |
Quotes :
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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.
About author
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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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