DAX40 FULL0624 - 15 min. - Technical analysis published on 11/19/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 16,229.00 EUR
My targets
16,131.00 EUR (-0.35%)
16,075.00 EUR (-0.70%)
My analysis
DAX40 FULL1221 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 16,229.00 EUR. The next support located at 16,131.00 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 16,075.00 EUR. Below this support, sellers could then target 16,062.00 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.6
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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
The DAX40 FULL1221 price is 16,188.00 EUR. The price registered a decrease of -0.17% on the session and was between 16,141.00 EUR and 16,295.00 EUR. This implies that the price is at +0.29% from its lowest and at -0.66% from its highest.16,141.00
16,295.00
16,188.00
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this DAX40 FULL1221 chart shows a sharp bearish trend. 82.14% 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 scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Long white line
Type : Bullish
Timeframe : 15 minutes
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 16,062.00 | 16,119.10 | 16,187.00 | 16,188.00 | 16,261.60 | 16,285.00 |
| Change (%) | -0.78% | -0.43% | -0.01% | - | +0.45% | +0.60% |
| Change | -126.00 | -68.90 | -1.00 | - | +73.60 | +97.00 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,075.00 | 16,131.00 | 16,173.00 | 16,229.00 | 16,271.00 | 16,327.00 | 16,369.00 |
| Camarilla | 16,188.05 | 16,197.03 | 16,206.02 | 16,215.00 | 16,223.98 | 16,232.97 | 16,241.95 |
| Woodie | 16,068.00 | 16,127.50 | 16,166.00 | 16,225.50 | 16,264.00 | 16,323.50 | 16,362.00 |
| Fibonacci | 16,131.00 | 16,168.44 | 16,191.56 | 16,229.00 | 16,266.44 | 16,289.56 | 16,327.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,859.00 | 15,918.00 | 16,002.00 | 16,061.00 | 16,145.00 | 16,204.00 | 16,288.00 |
| Camarilla | 16,046.68 | 16,059.78 | 16,072.89 | 16,086.00 | 16,099.11 | 16,112.22 | 16,125.33 |
| Woodie | 15,871.50 | 15,924.25 | 16,014.50 | 16,067.25 | 16,157.50 | 16,210.25 | 16,300.50 |
| Fibonacci | 15,918.00 | 15,972.63 | 16,006.37 | 16,061.00 | 16,115.63 | 16,149.37 | 16,204.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,105.00 | 14,450.00 | 15,078.00 | 15,423.00 | 16,051.00 | 16,396.00 | 17,024.00 |
| Camarilla | 15,438.43 | 15,527.62 | 15,616.81 | 15,706.00 | 15,795.19 | 15,884.38 | 15,973.58 |
| Woodie | 14,246.50 | 14,520.75 | 15,219.50 | 15,493.75 | 16,192.50 | 16,466.75 | 17,165.50 |
| Fibonacci | 14,450.00 | 14,821.69 | 15,051.31 | 15,423.00 | 15,794.69 | 16,024.31 | 16,396.00 |
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): | 25.14 | |
| MACD (12,26,9): | -23.6800 | |
| Directional Movement: | -36.12 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 16,210.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 16,233.60 | |
| Elder Ray (13): | -58.07 | |
| Super Trend (3,10): | 16,253.59 | |
| Zig ZAG (10): | 16,185.00 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 19.17 | |
| TEMA (21): | 16,190.22 | |
| Williams %R (14): | -74.68 | |
| Chande Momentum Oscillator (20): | -110.00 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.01 |
| MA7: | 16,171.43 | |
| MA20: | 15,969.90 | |
| MA50: | 15,621.64 | |
| MA100: | 15,650.47 | |
| MAexp7: | 16,204.03 | |
| MAexp20: | 16,234.44 | |
| MAexp50: | 16,248.24 | |
| MAexp100: | 16,248.95 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +1.37% | |
| Price / MA50: | +3.63% | |
| Price / MA100: | +3.43% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.38% |
Quotes :
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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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