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 10/29/2023 (GMT)

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Timeframe : Weekly
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

72%

My opinion

Bearish under 3,039.48 EUR

My targets

2,611.41 EUR (-7.58%)

2,202.23 EUR (-22.06%)

My analysis

The bearish trend is currently very strong for TECDAX30 INDEX. As long as the price remains below the resistance at 3,039.48 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,611.41 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,202.23 EUR as an objective. Crossing it would then enable sellers to target 1,492.18 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 sentiment is not called into question, despite technical indicators being neutral.

Force

7.7

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

TECDAX30 INDEX rating 2,825.67 EUR. The price registered a decrease of -0.62% over 5 days and was traded between 2,796.61 EUR and 2,877.01 EUR over the period. The price is currently at +1.04% from its lowest point and -1.78% from its highest point.

2,796.61

2,877.01

2,825.67

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of TECDAX30 INDEX in Weekly shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Weekly

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found no further results concerning independent technical indicators.

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,202.23	2,611.41	2,813.38	2,825.67	3,039.48	3,338.57	3,583.38
Change (%)	-22.06%	-7.58%	-0.43%	-	+7.57%	+18.15%	+26.82%
Change	-623.44	-214.26	-12.29	-	+213.81	+512.90	+757.71
Level	Major	Major	Major	-	Intermediate	Major	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	2,783.59	2,799.74	2,812.71	2,828.86	2,841.83	2,857.98	2,870.95
Camarilla	2,817.66	2,820.33	2,823.00	2,825.67	2,828.34	2,831.01	2,833.68
Woodie	2,781.99	2,798.95	2,811.11	2,828.07	2,840.23	2,857.19	2,869.35
Fibonacci	2,799.74	2,810.87	2,817.74	2,828.86	2,839.99	2,846.86	2,857.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,694.44	2,767.92	2,805.65	2,879.13	2,916.86	2,990.34	3,028.07
Camarilla	2,812.80	2,822.99	2,833.19	2,843.38	2,853.57	2,863.77	2,873.96
Woodie	2,676.57	2,758.98	2,787.78	2,870.19	2,898.99	2,981.40	3,010.20
Fibonacci	2,767.92	2,810.40	2,836.65	2,879.13	2,921.61	2,947.86	2,990.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,700.94	2,830.26	2,925.02	3,054.34	3,149.10	3,278.42	3,373.18
Camarilla	2,958.16	2,978.70	2,999.24	3,019.78	3,040.32	3,060.86	3,081.40
Woodie	2,683.66	2,821.62	2,907.74	3,045.70	3,131.82	3,269.78	3,355.90
Fibonacci	2,830.26	2,915.86	2,968.74	3,054.34	3,139.94	3,192.82	3,278.42

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):	31.87
MACD (12,26,9):	-77.3600
Directional Movement:	-18.26
AROON (14):	-92.86
DEMA (21):	2,976.16
Parabolic SAR (0,02-0,02-0,2):	3,188.14
Elder Ray (13):	-175.95
Super Trend (3,10):	3,158.13
Zig ZAG (10):	2,825.67
VORTEX (21):	0.8200
Stochastique (14,3,5):	2.95
TEMA (21):	2,900.88
Williams %R (14):	-94.68
Chande Momentum Oscillator (20):	-356.49
Repulse (5,40,3):	-6.2200
ROCnROLL:	2
TRIX (15,9):	-0.1900
Courbe Coppock:	14.82

MA7:	2,851.06
MA20:	2,935.26
MA50:	3,022.74
MA100:	3,104.03
MAexp7:	2,945.21
MAexp20:	3,059.34
MAexp50:	3,120.73
MAexp100:	3,157.88
Price / MA7:	-0.89%
Price / MA20:	-3.73%
Price / MA50:	-6.52%
Price / MA100:	-8.97%
Price / MAexp7:	-4.06%
Price / MAexp20:	-7.64%
Price / MAexp50:	-9.45%
Price / MAexp100:	-10.52%

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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