DAX40 FULL0624 - 1H - Technical analysis published on 03/25/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 14,629.30 EUR
My targets
14,528.20 EUR (-0.26%)
14,448.00 EUR (-0.81%)
My analysis
DAX30 FULL0621 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 14,629.30 EUR. The next support located at 14,528.20 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 14,448.00 EUR. Below this support, sellers could then target 14,406.00 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX30 FULL0621 rating 14,566.00 EUR. On the day, this instrument lost -0.34% and was traded between 14,530.00 EUR and 14,616.00 EUR over the period. The price is currently at +0.25% from its lowest and -0.34% from its highest.14,530.00
14,616.00
14,566.00
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DAX30 FULL0621 indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 14,406.00 | 14,448.00 | 14,528.20 | 14,566.00 | 14,586.20 | 14,629.30 | 14,697.00 |
| Change (%) | -1.10% | -0.81% | -0.26% | - | +0.14% | +0.43% | +0.90% |
| Change | -160.00 | -118.00 | -37.80 | - | +20.20 | +63.30 | +131.00 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,452.67 | 14,491.33 | 14,553.67 | 14,592.33 | 14,654.67 | 14,693.33 | 14,755.67 |
| Camarilla | 14,588.23 | 14,597.48 | 14,606.74 | 14,616.00 | 14,625.26 | 14,634.52 | 14,643.78 |
| Woodie | 14,464.50 | 14,497.25 | 14,565.50 | 14,598.25 | 14,666.50 | 14,699.25 | 14,767.50 |
| Fibonacci | 14,491.33 | 14,529.92 | 14,553.75 | 14,592.33 | 14,630.92 | 14,654.75 | 14,693.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,036.33 | 14,226.67 | 14,435.33 | 14,625.67 | 14,834.33 | 15,024.67 | 15,233.33 |
| Camarilla | 14,534.28 | 14,570.85 | 14,607.43 | 14,644.00 | 14,680.58 | 14,717.15 | 14,753.73 |
| Woodie | 14,045.50 | 14,231.25 | 14,444.50 | 14,630.25 | 14,843.50 | 15,029.25 | 15,242.50 |
| Fibonacci | 14,226.67 | 14,379.09 | 14,473.25 | 14,625.67 | 14,778.09 | 14,872.25 | 15,024.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,553.67 | 12,960.33 | 13,382.67 | 13,789.33 | 14,211.67 | 14,618.33 | 15,040.67 |
| Camarilla | 13,577.03 | 13,653.02 | 13,729.01 | 13,805.00 | 13,880.99 | 13,956.98 | 14,032.98 |
| Woodie | 12,561.50 | 12,964.25 | 13,390.50 | 13,793.25 | 14,219.50 | 14,622.25 | 15,048.50 |
| Fibonacci | 12,960.33 | 13,277.01 | 13,472.66 | 13,789.33 | 14,106.01 | 14,301.66 | 14,618.33 |
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): | 47.31 | |
| MACD (12,26,9): | -5.2200 | |
| Directional Movement: | -9.60 | |
| AROON (14): | 0 | |
| DEMA (21): | 14,579.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,625.06 | |
| Elder Ray (13): | 4.47 | |
| Super Trend (3,10): | 14,656.63 | |
| Zig ZAG (10): | 14,593.00 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 77.13 | |
| TEMA (21): | 14,588.17 | |
| Williams %R (14): | -27.91 | |
| Chande Momentum Oscillator (20): | 31.00 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.01 |
| MA7: | 14,657.00 | |
| MA20: | 14,408.95 | |
| MA50: | 14,103.30 | |
| MA100: | 13,708.96 | |
| MAexp7: | 14,590.36 | |
| MAexp20: | 14,590.33 | |
| MAexp50: | 14,606.67 | |
| MAexp100: | 14,617.49 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | +1.09% | |
| Price / MA50: | +3.28% | |
| Price / MA100: | +6.25% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.35% |
Quotes :
2021-03-25 11:24:55
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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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