DAX40 FULL0624 - 1H - Technical analysis published on 05/15/2020 (GMT)
- Who voted?
- 232
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 10,553.67 EUR
My targets
10,431.80 EUR (-0.44%)
10,159.00 EUR (-3.04%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 10,553.67 EUR remains possible. It is advisable to trade DAX30 FULL0620 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 10,553.67 EUR. The next bearish objective for sellers is set at 10,431.80 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10,159.00 EUR. In case of crossing, the next objective would be the support located at 9,335.00 EUR. PS: if there is a bullish break in the resistance located at 10,553.67 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0
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 Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX30 FULL0620 rating 10,477.50 EUR. The price registered a decrease of +1.56% on the session and was traded between 10,370.50 EUR and 10,507.00 EUR over the period. The price is currently at +1.03% from its lowest and -0.28% from its highest.10,370.50
10,507.00
10,477.50
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX30 FULL0620:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DAX30 FULL0620 in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,335.00 | 10,159.00 | 10,431.80 | 10,477.50 | 10,777.20 | 10,884.50 | 11,030.50 |
| Change (%) | -10.90% | -3.04% | -0.44% | - | +2.86% | +3.88% | +5.28% |
| Change | -1,142.50 | -318.50 | -45.70 | - | +299.70 | +407.00 | +553.00 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 9,789.00 | 9,974.00 | 10,145.50 | 10,330.50 | 10,502.00 | 10,687.00 | 10,858.50 |
| Camarilla | 10,218.96 | 10,251.64 | 10,284.32 | 10,317.00 | 10,349.68 | 10,382.36 | 10,415.04 |
| Woodie | 9,782.25 | 9,970.63 | 10,138.75 | 10,327.13 | 10,495.25 | 10,683.63 | 10,851.75 |
| Fibonacci | 9,974.00 | 10,110.18 | 10,194.32 | 10,330.50 | 10,466.68 | 10,550.82 | 10,687.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,995.17 | 10,181.33 | 10,553.67 | 10,739.83 | 11,112.17 | 11,298.33 | 11,670.67 |
| Camarilla | 10,772.41 | 10,823.61 | 10,874.80 | 10,926.00 | 10,977.20 | 11,028.39 | 11,079.59 |
| Woodie | 10,088.25 | 10,227.88 | 10,646.75 | 10,786.38 | 11,205.25 | 11,344.88 | 11,763.75 |
| Fibonacci | 10,181.33 | 10,394.68 | 10,526.49 | 10,739.83 | 10,953.18 | 11,084.99 | 11,298.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,597.33 | 8,448.67 | 9,634.33 | 10,485.67 | 11,671.33 | 12,522.67 | 13,708.33 |
| Camarilla | 10,259.83 | 10,446.55 | 10,633.28 | 10,820.00 | 11,006.73 | 11,193.45 | 11,380.18 |
| Woodie | 7,764.50 | 8,532.25 | 9,801.50 | 10,569.25 | 11,838.50 | 12,606.25 | 13,875.50 |
| Fibonacci | 8,448.67 | 9,226.80 | 9,707.53 | 10,485.67 | 11,263.80 | 11,744.53 | 12,522.67 |
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): | 56.09 | |
| MACD (12,26,9): | -9.1000 | |
| Directional Movement: | 5.40 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 10,391.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,365.67 | |
| Elder Ray (13): | 49.33 | |
| Super Trend (3,10): | 10,287.01 | |
| Zig ZAG (10): | 10,481.00 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 83.49 | |
| TEMA (21): | 10,437.33 | |
| Williams %R (14): | -6.61 | |
| Chande Momentum Oscillator (20): | 173.00 | |
| Repulse (5,40,3): | 0.6400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.44 |
| MA7: | 10,663.71 | |
| MA20: | 10,627.90 | |
| MA50: | 10,188.68 | |
| MA100: | 11,714.62 | |
| MAexp7: | 10,430.11 | |
| MAexp20: | 10,416.25 | |
| MAexp50: | 10,493.20 | |
| MAexp100: | 10,587.28 | |
| Price / MA7: | -1.75% | |
| Price / MA20: | -1.42% | |
| Price / MA50: | +2.83% | |
| Price / MA100: | -10.56% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -1.04% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis DAX40 FULL0624 - 1H