TECDAX30 INDEX - 15 min. - Technical analysis published on 09/28/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 2,978.71 EUR
My targets
2,955.36 EUR (-0.38%)
2,945.79 EUR (-0.70%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TECDAX30 INDEX as long as the price remains well below 2,978.71 EUR. The next bearish objective for sellers is set at 2,955.36 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,945.79 EUR. If there is any crossing, the next objective would be the support located at 2,932.01 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.8
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This analysis was given by berlin77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TECDAX30 INDEX rating 2,966.51 EUR. On the day, this instrument gained +0.05% and was traded between 2,965.79 EUR and 2,967.66 EUR over the period. The price is currently at +0.02% from its lowest and -0.04% from its highest.2,965.79
2,967.66
2,966.51
Here is a more detailed summary of the historical variations registered by TECDAX30 INDEX:
Technical
Technical analysis of this 15 min. chart of TECDAX30 INDEX indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,813.38 | 2,900.05 | 2,950.19 | 2,966.51 | 2,982.97 | 3,053.66 | 3,088.29 |
| Change (%) | -5.16% | -2.24% | -0.55% | - | +0.55% | +2.94% | +4.11% |
| Change | -153.13 | -66.46 | -16.32 | - | +16.46 | +87.15 | +121.78 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 | 2,932.01 | 2,945.79 | 2,955.36 | 2,969.14 | 2,978.71 | 2,992.49 | 3,002.06 |
| Camarilla | 2,958.50 | 2,960.64 | 2,962.78 | 2,964.92 | 2,967.06 | 2,969.20 | 2,971.34 |
| Woodie | 2,929.90 | 2,944.74 | 2,953.25 | 2,968.09 | 2,976.60 | 2,991.44 | 2,999.95 |
| Fibonacci | 2,945.79 | 2,954.71 | 2,960.22 | 2,969.14 | 2,978.06 | 2,983.57 | 2,992.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,857.79 | 2,924.02 | 2,974.40 | 3,040.63 | 3,091.01 | 3,157.24 | 3,207.62 |
| Camarilla | 2,992.70 | 3,003.39 | 3,014.08 | 3,024.77 | 3,035.46 | 3,046.15 | 3,056.84 |
| Woodie | 2,849.86 | 2,920.06 | 2,966.47 | 3,036.67 | 3,083.08 | 3,153.28 | 3,199.69 |
| Fibonacci | 2,924.02 | 2,968.57 | 2,996.09 | 3,040.63 | 3,085.18 | 3,112.70 | 3,157.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,737.04 | 2,886.35 | 3,031.70 | 3,181.01 | 3,326.36 | 3,475.67 | 3,621.02 |
| Camarilla | 3,096.03 | 3,123.04 | 3,150.05 | 3,177.06 | 3,204.07 | 3,231.08 | 3,258.09 |
| Woodie | 2,735.07 | 2,885.36 | 3,029.73 | 3,180.02 | 3,324.39 | 3,474.68 | 3,619.05 |
| Fibonacci | 2,886.35 | 2,998.91 | 3,068.45 | 3,181.01 | 3,293.57 | 3,363.11 | 3,475.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.81 | |
| MACD (12,26,9): | -2.1600 | |
| Directional Movement: | -15.27 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 2,967.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,979.02 | |
| Elder Ray (13): | -3.56 | |
| Super Trend (3,10): | 2,979.71 | |
| Zig ZAG (10): | 2,964.92 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 24.84 | |
| TEMA (21): | 2,966.75 | |
| Williams %R (14): | -77.97 | |
| Chande Momentum Oscillator (20): | -4.26 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.26 |
| MA7: | 3,006.96 | |
| MA20: | 3,077.40 | |
| MA50: | 3,133.92 | |
| MA100: | 3,167.14 | |
| MAexp7: | 2,967.09 | |
| MAexp20: | 2,970.08 | |
| MAexp50: | 2,973.97 | |
| MAexp100: | 2,982.62 | |
| Price / MA7: | -1.35% | |
| Price / MA20: | -3.60% | |
| Price / MA50: | -5.34% | |
| Price / MA100: | -6.33% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.54% |
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.
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