DAX40 FULL0624 - 1H - Technical analysis published on 06/03/2021 (GMT)
- 168
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 15,511.00 EUR
My targets
15,683.00 EUR (+0.70%)
My analysis
With a bullish background trend, the price of DAX30 FULL0621 is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 15,511.00 EUR. A bullish break in the resistance located at 15,683.00 EUR would boost the bullish momentum and fuel the basic trend. PS: if there is a bearish break in the support located at 15,511.00 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
0.9
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
DAX30 FULL0621 rating 15,574.00 EUR. On the day, this instrument lost -0.06% with the lowest point at 15,561.00 EUR and the highest point at 15,629.00 EUR. The deviation from the price is +0.08% for the low point and -0.35% for the high point.15,561.00
15,629.00
15,574.00
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
Here is a more detailed summary of the historical variations registered by DAX30 FULL0621:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DAX30 FULL0621 indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 15,345.20 | 15,404.30 | 15,511.00 | 15,574.00 | 15,600.40 | 15,683.00 |
| Change (%) | -1.47% | -1.09% | -0.40% | - | +0.17% | +0.70% |
| Change | -228.80 | -169.70 | -63.00 | - | +26.40 | +109.00 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,461.33 | 15,503.67 | 15,543.33 | 15,585.67 | 15,625.33 | 15,667.67 | 15,707.33 |
| Camarilla | 15,560.45 | 15,567.97 | 15,575.48 | 15,583.00 | 15,590.52 | 15,598.03 | 15,605.55 |
| Woodie | 15,460.00 | 15,503.00 | 15,542.00 | 15,585.00 | 15,624.00 | 15,667.00 | 15,706.00 |
| Fibonacci | 15,503.67 | 15,534.99 | 15,554.34 | 15,585.67 | 15,616.99 | 15,636.34 | 15,667.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,106.33 | 15,225.67 | 15,361.33 | 15,480.67 | 15,616.33 | 15,735.67 | 15,871.33 |
| Camarilla | 15,426.88 | 15,450.25 | 15,473.63 | 15,497.00 | 15,520.38 | 15,543.75 | 15,567.13 |
| Woodie | 15,114.50 | 15,229.75 | 15,369.50 | 15,484.75 | 15,624.50 | 15,739.75 | 15,879.50 |
| Fibonacci | 15,225.67 | 15,323.08 | 15,383.26 | 15,480.67 | 15,578.08 | 15,638.26 | 15,735.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,152.67 | 14,479.33 | 14,946.67 | 15,273.33 | 15,740.67 | 16,067.33 | 16,534.67 |
| Camarilla | 15,195.65 | 15,268.43 | 15,341.22 | 15,414.00 | 15,486.78 | 15,559.57 | 15,632.35 |
| Woodie | 14,223.00 | 14,514.50 | 15,017.00 | 15,308.50 | 15,811.00 | 16,102.50 | 16,605.00 |
| Fibonacci | 14,479.33 | 14,782.64 | 14,970.03 | 15,273.33 | 15,576.64 | 15,764.03 | 16,067.33 |
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): | 47.34 | |
| MACD (12,26,9): | 3.9600 | |
| Directional Movement: | -2.22 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 15,596.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,626.31 | |
| Elder Ray (13): | -16.39 | |
| Super Trend (3,10): | 15,645.01 | |
| Zig ZAG (10): | 15,575.00 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 20.59 | |
| TEMA (21): | 15,587.50 | |
| Williams %R (14): | -82.35 | |
| Chande Momentum Oscillator (20): | -2.00 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.12 |
| MA7: | 15,502.71 | |
| MA20: | 15,395.00 | |
| MA50: | 15,256.18 | |
| MA100: | 14,666.13 | |
| MAexp7: | 15,586.57 | |
| MAexp20: | 15,588.92 | |
| MAexp50: | 15,568.57 | |
| MAexp100: | 15,535.63 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +1.16% | |
| Price / MA50: | +2.08% | |
| Price / MA100: | +6.19% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.25% |
Quotes :
-
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