DAX40 FULL0624 - Daily - Technical analysis published on 04/25/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 14,524.67 EUR
My targets
13,690.00 EUR (-2.14%)
12,672.70 EUR (-9.42%)
My analysis
The bearish trend is currently very strong for DAX40 FULL0622. As long as the price remains below the resistance at 14,524.67 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 13,690.00 EUR. The bearish momentum would be revived by a break in this support. 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. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7
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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 price is 13,990.00 EUR. The price is lower by -1.29% since the last closing and was traded between 13,870.00 EUR and 14,067.00 EUR over the period. The price is currently at +0.87% from its lowest and -0.55% from its highest.13,870.00
14,067.00
13,990.00
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX40 FULL0622:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL0622 in Daily shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 11,515.30 | 12,672.70 | 13,690.00 | 13,990.00 | 14,013.00 | 15,028.00 | 15,931.70 |
| Change (%) | -17.69% | -9.42% | -2.14% | - | +0.16% | +7.42% | +13.88% |
| Change | -2,474.70 | -1,317.30 | -300.00 | - | +23.00 | +1,038.00 | +1,941.70 |
| Level | Minor | Major | Major | - | Intermediate | Major | 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 | 13,691.00 | 13,875.00 | 14,024.00 | 14,208.00 | 14,357.00 | 14,541.00 | 14,690.00 |
| Camarilla | 14,081.43 | 14,111.95 | 14,142.48 | 14,173.00 | 14,203.53 | 14,234.05 | 14,264.58 |
| Woodie | 13,673.50 | 13,866.25 | 14,006.50 | 14,199.25 | 14,339.50 | 14,532.25 | 14,672.50 |
| Fibonacci | 13,875.00 | 14,002.21 | 14,080.79 | 14,208.00 | 14,335.21 | 14,413.79 | 14,541.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,302.67 | 13,654.33 | 13,913.67 | 14,265.33 | 14,524.67 | 14,876.33 | 15,135.67 |
| Camarilla | 14,004.98 | 14,060.98 | 14,116.99 | 14,173.00 | 14,229.01 | 14,285.02 | 14,341.03 |
| Woodie | 13,256.50 | 13,631.25 | 13,867.50 | 14,242.25 | 14,478.50 | 14,853.25 | 15,089.50 |
| Fibonacci | 13,654.33 | 13,887.74 | 14,031.93 | 14,265.33 | 14,498.74 | 14,642.93 | 14,876.33 |
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): | 43.80 | |
| MACD (12,26,9): | -46.4100 | |
| Directional Movement: | -6.94 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 14,192.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,631.84 | |
| Elder Ray (13): | -265.51 | |
| Super Trend (3,10): | 13,597.90 | |
| Zig ZAG (10): | 13,999.00 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 43.37 | |
| TEMA (21): | 14,237.41 | |
| Williams %R (14): | -84.46 | |
| Chande Momentum Oscillator (20): | -408.00 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 3.73 |
| MA7: | 14,219.14 | |
| MA20: | 14,325.65 | |
| MA50: | 14,300.30 | |
| MA100: | 14,969.15 | |
| MAexp7: | 14,201.68 | |
| MAexp20: | 14,253.71 | |
| MAexp50: | 14,441.78 | |
| MAexp100: | 14,770.68 | |
| Price / MA7: | -1.61% | |
| Price / MA20: | -2.34% | |
| Price / MA50: | -2.17% | |
| Price / MA100: | -6.54% | |
| Price / MAexp7: | -1.49% | |
| Price / MAexp20: | -1.85% | |
| Price / MAexp50: | -3.13% | |
| Price / MAexp100: | -5.29% |
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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