DAX40 FULL0624 - 1H - Technical analysis published on 10/19/2020 (GMT)
- Who voted?
- 256
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 12,917.40 EUR
My targets
12,992.20 EUR (+0.30%)
13,093.00 EUR (+1.08%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on DAX30 FULL1220 as long as the price remains well above 12,917.40 EUR. The buyers” bullish objective is set at 12,992.20 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13,093.00 EUR. If there is any crossing, the next objective would be the resistance located at 13,163.00 EUR.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX30 FULL1220 price is 12,953.50 EUR. The price registered an increase of +0.36% on the session and was between 12,890.00 EUR and 13,018.00 EUR. This implies that the price is at +0.49% from its lowest and at -0.50% from its highest.12,890.00
13,018.00
12,953.50
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this DAX30 FULL1220 chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,818.80 | 12,871.90 | 12,917.40 | 12,953.50 | 12,992.20 | 13,093.00 | 13,163.00 |
| Change (%) | -1.04% | -0.63% | -0.28% | - | +0.30% | +1.08% | +1.62% |
| Change | -134.70 | -81.60 | -36.10 | - | +38.70 | +139.50 | +209.50 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | 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 | 12,479.50 | 12,584.50 | 12,734.00 | 12,839.00 | 12,988.50 | 13,093.50 | 13,243.00 |
| Camarilla | 12,813.51 | 12,836.84 | 12,860.17 | 12,883.50 | 12,906.83 | 12,930.16 | 12,953.49 |
| Woodie | 12,501.75 | 12,595.63 | 12,756.25 | 12,850.13 | 13,010.75 | 13,104.63 | 13,265.25 |
| Fibonacci | 12,584.50 | 12,681.72 | 12,741.78 | 12,839.00 | 12,936.22 | 12,996.28 | 13,093.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,007.50 | 12,294.50 | 12,589.00 | 12,876.00 | 13,170.50 | 13,457.50 | 13,752.00 |
| Camarilla | 12,723.59 | 12,776.89 | 12,830.20 | 12,883.50 | 12,936.80 | 12,990.11 | 13,043.41 |
| Woodie | 12,011.25 | 12,296.38 | 12,592.75 | 12,877.88 | 13,174.25 | 13,459.38 | 13,755.75 |
| Fibonacci | 12,294.50 | 12,516.63 | 12,653.87 | 12,876.00 | 13,098.13 | 13,235.37 | 13,457.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,052.33 | 11,684.17 | 12,198.33 | 12,830.17 | 13,344.33 | 13,976.17 | 14,490.33 |
| Camarilla | 12,397.35 | 12,502.40 | 12,607.45 | 12,712.50 | 12,817.55 | 12,922.60 | 13,027.65 |
| Woodie | 10,993.50 | 11,654.75 | 12,139.50 | 12,800.75 | 13,285.50 | 13,946.75 | 14,431.50 |
| Fibonacci | 11,684.17 | 12,121.94 | 12,392.40 | 12,830.17 | 13,267.94 | 13,538.40 | 13,976.17 |
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): | 67.35 | |
| MACD (12,26,9): | 37.3400 | |
| Directional Movement: | 17.38 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 12,938.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,900.50 | |
| Elder Ray (13): | 57.35 | |
| Super Trend (3,10): | 12,840.25 | |
| Zig ZAG (10): | 12,976.50 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 80.78 | |
| TEMA (21): | 12,973.58 | |
| Williams %R (14): | -26.77 | |
| Chande Momentum Oscillator (20): | 60.00 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.57 |
| MA7: | 12,960.29 | |
| MA20: | 12,823.35 | |
| MA50: | 12,948.78 | |
| MA100: | 12,748.18 | |
| MAexp7: | 12,933.16 | |
| MAexp20: | 12,894.42 | |
| MAexp50: | 12,872.52 | |
| MAexp100: | 12,895.90 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +0.04% | |
| Price / MA100: | +1.61% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.63% | |
| Price / MAexp100: | +0.45% |
Quotes :
2020-10-19 08:03:21
-
15 min delayed data
-
EUREX Futures
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