DAX40 FULL0624 - 1H - Technical analysis published on 12/02/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- 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:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 15,509.40 EUR
My targets
15,057.20 EUR (-1.46%)
14,909.00 EUR (-2.43%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on DAX40 FULL1221 as long as the price remains well below 15,509.40 EUR. The next bearish objective for sellers is set at 15,057.20 EUR. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 14,909.00 EUR. If there is any crossing, the next objective would be the support located at 14,558.00 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.2
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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
The DAX40 FULL1221 price is 15,281.00 EUR. The price is lower by -1.22% since the last closing and was between 15,187.00 EUR and 15,393.00 EUR. This implies that the price is at +0.62% from its lowest and at -0.73% from its highest.15,187.00
15,393.00
15,281.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX40 FULL1221:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL1221 in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14,909.00 | 15,057.20 | 15,280.40 | 15,281.00 | 15,509.40 | 15,741.30 | 15,975.00 |
| Change (%) | -2.43% | -1.46% | +0.00% | - | +1.49% | +3.01% | +4.54% |
| Change | -372.00 | -223.80 | -0.60 | - | +228.40 | +460.30 | +694.00 |
| Level | Minor | Major | 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 | 14,815.33 | 14,960.67 | 15,215.33 | 15,360.67 | 15,615.33 | 15,760.67 | 16,015.33 |
| Camarilla | 15,360.00 | 15,396.67 | 15,433.33 | 15,470.00 | 15,506.67 | 15,543.33 | 15,580.00 |
| Woodie | 14,870.00 | 14,988.00 | 15,270.00 | 15,388.00 | 15,670.00 | 15,788.00 | 16,070.00 |
| Fibonacci | 14,960.67 | 15,113.47 | 15,207.87 | 15,360.67 | 15,513.47 | 15,607.87 | 15,760.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,521.67 | 14,271.33 | 14,699.67 | 15,449.33 | 15,877.67 | 16,627.33 | 17,055.67 |
| Camarilla | 14,804.05 | 14,912.03 | 15,020.02 | 15,128.00 | 15,235.98 | 15,343.97 | 15,451.95 |
| Woodie | 13,361.00 | 14,191.00 | 14,539.00 | 15,369.00 | 15,717.00 | 16,547.00 | 16,895.00 |
| Fibonacci | 14,271.33 | 14,721.33 | 14,999.34 | 15,449.33 | 15,899.33 | 16,177.34 | 16,627.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,217.00 | 14,063.00 | 14,603.00 | 15,449.00 | 15,989.00 | 16,835.00 | 17,375.00 |
| Camarilla | 14,761.85 | 14,888.90 | 15,015.95 | 15,143.00 | 15,270.05 | 15,397.10 | 15,524.15 |
| Woodie | 13,064.00 | 13,986.50 | 14,450.00 | 15,372.50 | 15,836.00 | 16,758.50 | 17,222.00 |
| Fibonacci | 14,063.00 | 14,592.45 | 14,919.55 | 15,449.00 | 15,978.45 | 16,305.55 | 16,835.00 |
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): | 48.17 | |
| MACD (12,26,9): | 9.4700 | |
| Directional Movement: | -1.10 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 15,317.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,374.34 | |
| Elder Ray (13): | -11.81 | |
| Super Trend (3,10): | 15,464.45 | |
| Zig ZAG (10): | 15,273.00 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 58.68 | |
| TEMA (21): | 15,314.94 | |
| Williams %R (14): | -49.58 | |
| Chande Momentum Oscillator (20): | 117.00 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.36 |
| MA7: | 15,444.57 | |
| MA20: | 15,871.20 | |
| MA50: | 15,629.76 | |
| MA100: | 15,645.14 | |
| MAexp7: | 15,304.40 | |
| MAexp20: | 15,301.49 | |
| MAexp50: | 15,300.10 | |
| MAexp100: | 15,394.98 | |
| Price / MA7: | -1.06% | |
| Price / MA20: | -3.72% | |
| Price / MA50: | -2.23% | |
| Price / MA100: | -2.33% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.74% |
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.
About author
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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…
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