DAX40 FULL0624

- EUR (-)

- 15 min delayed data - EUREX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Futures
Ticker:	DAXXXXX
ISIN:	FDAXXXXX

DAX40 FULL0624 - Daily - Technical analysis published on 04/22/2022 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 15,028.00 EUR

My targets

14,013.00 EUR (-1.91%)

13,690.00 EUR (-4.17%)

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 15,028.00 EUR. Crossing the first support at 14,013.00 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 13,690.00 EUR as an objective. Crossing it would then enable sellers to target 12,672.70 EUR. Caution, a return to above the resistance located at 15,028.00 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 in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

3.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 14,286.00 EUR. The price registered a decrease of -1.73% on the session and was traded between 14,224.00 EUR and 14,392.00 EUR over the period. The price is currently at +0.44% from its lowest and -0.74% from its highest.

14,224.00

14,392.00

14,286.00

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

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this DAX40 FULL0622 chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Bearish price crossover with Moving Average 20

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

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12,672.70	13,690.00	14,013.00	14,286.00	15,028.00	15,931.70	16,250.00
Change (%)	-11.29%	-4.17%	-1.91%	-	+5.19%	+11.52%	+13.75%
Change	-1,613.30	-596.00	-273.00	-	+742.00	+1,645.70	+1,964.00
Level	Major	Major	Intermediate	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,069.33	14,194.67	14,366.33	14,491.67	14,663.33	14,788.67	14,960.33
Camarilla	14,456.33	14,483.55	14,510.78	14,538.00	14,565.23	14,592.45	14,619.68
Woodie	14,092.50	14,206.25	14,389.50	14,503.25	14,686.50	14,800.25	14,983.50
Fibonacci	14,194.67	14,308.12	14,378.21	14,491.67	14,605.12	14,675.21	14,788.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,530.33	13,713.67	13,954.33	14,137.67	14,378.33	14,561.67	14,802.33
Camarilla	14,078.40	14,117.27	14,156.13	14,195.00	14,233.87	14,272.73	14,311.60
Woodie	13,559.00	13,728.00	13,983.00	14,152.00	14,407.00	14,576.00	14,831.00
Fibonacci	13,713.67	13,875.64	13,975.70	14,137.67	14,299.64	14,399.70	14,561.67

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.65
MACD (12,26,9):	-17.1700
Directional Movement:	0.61
AROON (14):	-57.14
DEMA (21):	14,256.63
Parabolic SAR (0,02-0,02-0,2):	14,662.46
Elder Ray (13):	18.87
Super Trend (3,10):	13,597.90
Zig ZAG (10):	14,301.00
VORTEX (21):	0.9600
Stochastique (14,3,5):	59.82
TEMA (21):	14,332.56
Williams %R (14):	-45.73
Chande Momentum Oscillator (20):	-280.00
Repulse (5,40,3):	1.3100
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	3.30

MA7:	14,235.57
MA20:	14,348.95
MA50:	14,330.50
MA100:	14,981.33
MAexp7:	14,297.29
MAexp20:	14,290.85
MAexp50:	14,463.98
MAexp100:	14,788.25
Price / MA7:	+0.35%
Price / MA20:	-0.44%
Price / MA50:	-0.31%
Price / MA100:	-4.64%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.03%
Price / MAexp50:	-1.23%
Price / MAexp100:	-3.40%

Quotes : - 15 min delayed data - EUREX Futures

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15111

Number of analyses :

72885

Followers :

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…

Add a comment

Comments

0 comments on the analysis DAX40 FULL0624 - Daily