DAX40 FULL0624 - 1H - Technical analysis published on 01/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 15,975.00 EUR
My targets
15,743.30 EUR (-0.42%)
15,656.00 EUR (-0.97%)
My analysis
The basic trend is bearish on DAX40 FULL0322 and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 15,975.00 EUR. Buyers would then use the next resistance located at 16,065.60 EUR as an objective. Crossing it would then enable buyers to target 16,136.00 EUR. If there is a return to below the support located at 15,743.30 EUR, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 15,656.00 EUR and 15,313.60 EUR by extension.
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
0
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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
DAX40 FULL0322 rating 15,810.00 EUR. The price registered an increase of +0.20% on the session with the lowest point at 15,614.00 EUR and the highest point at 15,818.00 EUR. The deviation from the price is +1.26% for the low point and -0.05% for the high point.15,614.00
15,818.00
15,810.00
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX40 FULL0322:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DAX40 FULL0322 chart shows a bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,313.60 | 15,656.00 | 15,743.30 | 15,810.00 | 15,821.20 | 15,975.00 | 16,065.60 |
| Change (%) | -3.14% | -0.97% | -0.42% | - | +0.07% | +1.04% | +1.62% |
| Change | -496.40 | -154.00 | -66.70 | - | +11.20 | +165.00 | +255.60 |
| Level | Intermediate | Minor | Intermediate | - | Minor | 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 | 15,339.33 | 15,497.67 | 15,638.33 | 15,796.67 | 15,937.33 | 16,095.67 | 16,236.33 |
| Camarilla | 15,696.78 | 15,724.18 | 15,751.59 | 15,779.00 | 15,806.41 | 15,833.82 | 15,861.23 |
| Woodie | 15,330.50 | 15,493.25 | 15,629.50 | 15,792.25 | 15,928.50 | 16,091.25 | 16,227.50 |
| Fibonacci | 15,497.67 | 15,611.89 | 15,682.45 | 15,796.67 | 15,910.89 | 15,981.45 | 16,095.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,315.00 | 15,513.00 | 15,682.00 | 15,880.00 | 16,049.00 | 16,247.00 | 16,416.00 |
| Camarilla | 15,750.08 | 15,783.72 | 15,817.36 | 15,851.00 | 15,884.64 | 15,918.28 | 15,951.93 |
| Woodie | 15,300.50 | 15,505.75 | 15,667.50 | 15,872.75 | 16,034.50 | 16,239.75 | 16,401.50 |
| Fibonacci | 15,513.00 | 15,653.19 | 15,739.81 | 15,880.00 | 16,020.19 | 16,106.81 | 16,247.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,341.00 | 14,692.00 | 15,263.00 | 15,614.00 | 16,185.00 | 16,536.00 | 17,107.00 |
| Camarilla | 15,580.45 | 15,664.97 | 15,749.48 | 15,834.00 | 15,918.52 | 16,003.03 | 16,087.55 |
| Woodie | 14,451.00 | 14,747.00 | 15,373.00 | 15,669.00 | 16,295.00 | 16,591.00 | 17,217.00 |
| Fibonacci | 14,692.00 | 15,044.20 | 15,261.80 | 15,614.00 | 15,966.20 | 16,183.80 | 16,536.00 |
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): | 52.52 | |
| MACD (12,26,9): | -27.2700 | |
| Directional Movement: | 0.62 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 15,710.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,616.00 | |
| Elder Ray (13): | 44.69 | |
| Super Trend (3,10): | 15,805.46 | |
| Zig ZAG (10): | 15,791.00 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 83.59 | |
| TEMA (21): | 15,715.09 | |
| Williams %R (14): | -8.72 | |
| Chande Momentum Oscillator (20): | -6.00 | |
| Repulse (5,40,3): | 0.6700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.60 |
| MA7: | 15,907.86 | |
| MA20: | 15,888.45 | |
| MA50: | 15,767.56 | |
| MA100: | 15,639.82 | |
| MAexp7: | 15,742.11 | |
| MAexp20: | 15,751.03 | |
| MAexp50: | 15,809.57 | |
| MAexp100: | 15,863.41 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | +0.27% | |
| Price / MA100: | +1.09% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | -0.34% |
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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