DAX40 FULL0624 - Daily - Technical analysis published on 09/09/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
11%
78%
11%
My opinion
Bearish under 15,771.30 EUR
My targets
15,118.00 EUR (-2.61%)
14,094.30 EUR (-9.20%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for DAX30 FULL0921 as long as the price remains well below 15,771.30 EUR. The sellers' bearish objective is set at 15,118.00 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14,094.30 EUR. If there is any crossing, the next objective would be the support located at 13,778.50 EUR.
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
3.6
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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 FULL0921 rating 15,523.00 EUR. The price registered a decrease of -0.63% on the session and was between 15,448.00 EUR and 15,604.00 EUR. This implies that the price is at +0.49% from its lowest and at -0.52% from its highest.15,448.00
15,604.00
15,523.00
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 (5 years)
Type : Bullish
Timeframe : Weekly
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 Daily chart of DAX30 FULL0921 indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 14,094.30 | 15,118.00 | 15,509.40 | 15,523.00 | 15,771.30 |
| Change (%) | -9.20% | -2.61% | -0.09% | - | +1.60% |
| Change | -1,428.70 | -405.00 | -13.60 | - | +248.30 |
| Level | Intermediate | Intermediate | Intermediate | - | Major |
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 | 15,262.00 | 15,424.00 | 15,523.00 | 15,685.00 | 15,784.00 | 15,946.00 | 16,045.00 |
| Camarilla | 15,550.23 | 15,574.15 | 15,598.08 | 15,622.00 | 15,645.93 | 15,669.85 | 15,693.78 |
| Woodie | 15,230.50 | 15,408.25 | 15,491.50 | 15,669.25 | 15,752.50 | 15,930.25 | 16,013.50 |
| Fibonacci | 15,424.00 | 15,523.70 | 15,585.30 | 15,685.00 | 15,784.70 | 15,846.30 | 15,946.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,307.33 | 15,494.67 | 15,630.33 | 15,817.67 | 15,953.33 | 16,140.67 | 16,276.33 |
| Camarilla | 15,677.18 | 15,706.78 | 15,736.39 | 15,766.00 | 15,795.61 | 15,825.22 | 15,854.83 |
| Woodie | 15,281.50 | 15,481.75 | 15,604.50 | 15,804.75 | 15,927.50 | 16,127.75 | 16,250.50 |
| Fibonacci | 15,494.67 | 15,618.05 | 15,694.28 | 15,817.67 | 15,941.05 | 16,017.28 | 16,140.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,982.33 | 15,231.67 | 15,525.33 | 15,774.67 | 16,068.33 | 16,317.67 | 16,611.33 |
| Camarilla | 15,669.68 | 15,719.45 | 15,769.23 | 15,819.00 | 15,868.78 | 15,918.55 | 15,968.33 |
| Woodie | 15,004.50 | 15,242.75 | 15,547.50 | 15,785.75 | 16,090.50 | 16,328.75 | 16,633.50 |
| Fibonacci | 15,231.67 | 15,439.09 | 15,567.24 | 15,774.67 | 15,982.09 | 16,110.24 | 16,317.67 |
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): | 37.73 | |
| MACD (12,26,9): | -5.0900 | |
| Directional Movement: | -13.95 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 15,786.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,996.62 | |
| Elder Ray (13): | -238.93 | |
| Super Trend (3,10): | 16,031.28 | |
| Zig ZAG (10): | 15,529.00 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 27.47 | |
| TEMA (21): | 15,737.84 | |
| Williams %R (14): | -85.46 | |
| Chande Momentum Oscillator (20): | -361.00 | |
| Repulse (5,40,3): | -1.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.58 |
| MA7: | 15,755.57 | |
| MA20: | 15,824.75 | |
| MA50: | 15,696.06 | |
| MA100: | 15,570.58 | |
| MAexp7: | 15,708.08 | |
| MAexp20: | 15,770.16 | |
| MAexp50: | 15,700.67 | |
| MAexp100: | 15,467.62 | |
| Price / MA7: | -1.48% | |
| Price / MA20: | -1.91% | |
| Price / MA50: | -1.10% | |
| Price / MA100: | -0.31% | |
| Price / MAexp7: | -1.18% | |
| Price / MAexp20: | -1.57% | |
| Price / MAexp50: | -1.13% | |
| Price / MAexp100: | +0.36% |
Quotes :
-
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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