DAX40 FULL0624 - 1H - Technical analysis published on 07/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 12,316.00 EUR
My targets
12,050.20 EUR (-0.79%)
11,930.20 EUR (-1.78%)
My analysis
In the short term, we can see an acceleration in the bearish trend on DAX30 FULL0920, which is a positive signal for sellers. As long as the price remains above 12,316.00 EUR, a sale could be considered. The first bearish objective is located at 12,050.20 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11,930.20 EUR as an objective. Crossing it would then enable sellers to target 11,802.80 EUR. If the price were to return above 12,316.00 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
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
4.8
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX30 FULL0920 rating is 12,146.50 EUR. The price is lower by -1.45% since the last closing and was traded between 12,064.50 EUR and 12,388.00 EUR over the period. The price is currently at +0.68% from its lowest and -1.95% from its highest.12,064.50
12,388.00
12,146.50
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of DAX30 FULL0920 indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,802.80 | 11,930.20 | 12,050.20 | 12,146.50 | 12,171.60 | 12,316.00 | 12,422.00 |
| Change (%) | -2.83% | -1.78% | -0.79% | - | +0.21% | +1.40% | +2.27% |
| Change | -343.70 | -216.30 | -96.30 | - | +25.10 | +169.50 | +275.50 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,979.50 | 12,075.50 | 12,200.50 | 12,296.50 | 12,421.50 | 12,517.50 | 12,642.50 |
| Camarilla | 12,264.73 | 12,284.98 | 12,305.24 | 12,325.50 | 12,345.76 | 12,366.02 | 12,386.28 |
| Woodie | 11,994.00 | 12,082.75 | 12,215.00 | 12,303.75 | 12,436.00 | 12,524.75 | 12,657.00 |
| Fibonacci | 12,075.50 | 12,159.92 | 12,212.08 | 12,296.50 | 12,380.92 | 12,433.08 | 12,517.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,128.00 | 11,526.50 | 11,794.00 | 12,192.50 | 12,460.00 | 12,858.50 | 13,126.00 |
| Camarilla | 11,878.35 | 11,939.40 | 12,000.45 | 12,061.50 | 12,122.55 | 12,183.60 | 12,244.65 |
| Woodie | 11,062.50 | 11,493.75 | 11,728.50 | 12,159.75 | 12,394.50 | 12,825.75 | 13,060.50 |
| Fibonacci | 11,526.50 | 11,780.91 | 11,938.09 | 12,192.50 | 12,446.91 | 12,604.09 | 12,858.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,278.50 | 10,925.50 | 11,625.50 | 12,272.50 | 12,972.50 | 13,619.50 | 14,319.50 |
| Camarilla | 11,955.08 | 12,078.55 | 12,202.03 | 12,325.50 | 12,448.98 | 12,572.45 | 12,695.93 |
| Woodie | 10,305.00 | 10,938.75 | 11,652.00 | 12,285.75 | 12,999.00 | 13,632.75 | 14,346.00 |
| Fibonacci | 10,925.50 | 11,440.05 | 11,757.95 | 12,272.50 | 12,787.05 | 13,104.95 | 13,619.50 |
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): | 33.49 | |
| MACD (12,26,9): | -16.2600 | |
| Directional Movement: | -21.65 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 12,240.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,344.18 | |
| Elder Ray (13): | -122.31 | |
| Super Trend (3,10): | 12,311.97 | |
| Zig ZAG (10): | 12,105.50 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 12.67 | |
| TEMA (21): | 12,200.96 | |
| Williams %R (14): | -88.26 | |
| Chande Momentum Oscillator (20): | -226.00 | |
| Repulse (5,40,3): | -0.8500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.16 |
| MA7: | 12,232.93 | |
| MA20: | 12,299.55 | |
| MA50: | 11,529.21 | |
| MA100: | 11,265.74 | |
| MAexp7: | 12,199.87 | |
| MAexp20: | 12,246.24 | |
| MAexp50: | 12,233.57 | |
| MAexp100: | 12,227.14 | |
| Price / MA7: | -0.71% | |
| Price / MA20: | -1.24% | |
| Price / MA50: | +5.35% | |
| Price / MA100: | +7.82% | |
| Price / MAexp7: | -0.44% | |
| Price / MAexp20: | -0.81% | |
| Price / MAexp50: | -0.71% | |
| Price / MAexp100: | -0.66% |
Quotes :
2020-07-01 12:29:33
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15 min delayed data
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EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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