DAX40 FULL0624 - Daily - Technical analysis published on 04/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 14,586.00 EUR
My targets
13,690.00 EUR (-2.75%)
12,672.70 EUR (-9.98%)
My analysis
The bearish basic trend is very strong on DAX40 FULL0622 but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 14,586.00 EUR. Crossing the first support at 13,690.00 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 12,672.70 EUR as an objective. Crossing it would then enable sellers to target 11,515.30 EUR. Caution, a return to above the resistance located at 14,586.00 EUR would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 FULL0622 rating is 14,077.00 EUR. On the day, this instrument lost -0.78% with the lowest point at 13,897.00 EUR and the highest point at 14,108.00 EUR. The deviation from the price is +1.30% for the low point and -0.22% for the high point.13,897.00
14,108.00
14,077.00
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
Here is a more detailed summary of the historical variations registered by DAX40 FULL0622:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DAX40 FULL0622 chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 11,515.30 | 12,672.70 | 13,690.00 | 14,077.00 | 15,028.00 | 15,931.70 | 16,250.00 |
Change (%) | -18.20% | -9.98% | -2.75% | - | +6.76% | +13.18% | +15.44% |
Change | -2,561.70 | -1,404.30 | -387.00 | - | +951.00 | +1,854.70 | +2,173.00 |
Level | Minor | Major | Major | - | Major | Minor | 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 | 13,822.33 | 13,948.67 | 14,068.33 | 14,194.67 | 14,314.33 | 14,440.67 | 14,560.33 |
Camarilla | 14,120.35 | 14,142.90 | 14,165.45 | 14,188.00 | 14,210.55 | 14,233.10 | 14,255.65 |
Woodie | 13,819.00 | 13,947.00 | 14,065.00 | 14,193.00 | 14,311.00 | 14,439.00 | 14,557.00 |
Fibonacci | 13,948.67 | 14,042.64 | 14,100.70 | 14,194.67 | 14,288.64 | 14,346.70 | 14,440.67 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13,424.00 | 13,733.00 | 14,005.00 | 14,314.00 | 14,586.00 | 14,895.00 | 15,167.00 |
Camarilla | 14,117.23 | 14,170.48 | 14,223.74 | 14,277.00 | 14,330.26 | 14,383.52 | 14,436.78 |
Woodie | 13,405.50 | 13,723.75 | 13,986.50 | 14,304.75 | 14,567.50 | 14,885.75 | 15,148.50 |
Fibonacci | 13,733.00 | 13,954.94 | 14,092.06 | 14,314.00 | 14,535.94 | 14,673.06 | 14,895.00 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10,398.67 | 11,423.33 | 12,895.67 | 13,920.33 | 15,392.67 | 16,417.33 | 17,889.67 |
Camarilla | 13,681.33 | 13,910.22 | 14,139.11 | 14,368.00 | 14,596.89 | 14,825.78 | 15,054.68 |
Woodie | 10,622.50 | 11,535.25 | 13,119.50 | 14,032.25 | 15,616.50 | 16,529.25 | 18,113.50 |
Fibonacci | 11,423.33 | 12,377.19 | 12,966.48 | 13,920.33 | 14,874.19 | 15,463.48 | 16,417.33 |
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): | 44.99 | |
MACD (12,26,9): | -47.8000 | |
Directional Movement: | -6.29 | |
AROON (14): | -71.43 | |
DEMA (21): | 14,228.61 | |
Parabolic SAR (0,02-0,02-0,2): | 14,874.90 | |
Elder Ray (13): | -275.04 | |
Super Trend (3,10): | 13,493.97 | |
Zig ZAG (10): | 14,068.00 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 19.60 | |
TEMA (21): | 14,312.96 | |
Williams %R (14): | -83.49 | |
Chande Momentum Oscillator (20): | -333.00 | |
Repulse (5,40,3): | -0.2300 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 1.42 |
MA7: | 14,252.29 | |
MA20: | 14,390.55 | |
MA50: | 14,463.76 | |
MA100: | 15,067.82 | |
MAexp7: | 14,229.36 | |
MAexp20: | 14,296.23 | |
MAexp50: | 14,515.92 | |
MAexp100: | 14,854.07 | |
Price / MA7: | -1.23% | |
Price / MA20: | -2.18% | |
Price / MA50: | -2.67% | |
Price / MA100: | -6.58% | |
Price / MAexp7: | -1.07% | |
Price / MAexp20: | -1.53% | |
Price / MAexp50: | -3.02% | |
Price / MAexp100: | -5.23% |
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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