DAX40 FULL0624 - Daily - Technical analysis published on 06/07/2022 (GMT)
- 151
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 14,230.00 EUR
My targets
15,028.00 EUR (+3.29%)
15,899.40 EUR (+9.28%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DAX40 FULL0622 as long as the price remains well above 14,230.00 EUR. The buyers' bullish objective is set at 15,028.00 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15,899.40 EUR. If there is any crossing, the next objective would be the resistance located at 16,250.00 EUR.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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 Gstar99. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 FULL0622 price is 14,549.00 EUR. On the day, this instrument lost -0.70% and was between 14,452.00 EUR and 14,604.00 EUR. This implies that the price is at +0.67% from its lowest and at -0.38% from its highest.14,452.00
14,604.00
14,549.00
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 FULL0622:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL0622 in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish 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 adaptative moving average 100
Type : Bearish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13,690.00 | 14,230.00 | 14,516.50 | 14,549.00 | 15,028.00 | 15,899.40 | 16,250.00 |
| Change (%) | -5.90% | -2.19% | -0.22% | - | +3.29% | +9.28% | +11.69% |
| Change | -859.00 | -319.00 | -32.50 | - | +479.00 | +1,350.40 | +1,701.00 |
| Level | Major | Intermediate | Intermediate | - | 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 | 14,314.00 | 14,383.00 | 14,466.00 | 14,535.00 | 14,618.00 | 14,687.00 | 14,770.00 |
| Camarilla | 14,507.20 | 14,521.13 | 14,535.07 | 14,549.00 | 14,562.93 | 14,576.87 | 14,590.80 |
| Woodie | 14,321.00 | 14,386.50 | 14,473.00 | 14,538.50 | 14,625.00 | 14,690.50 | 14,777.00 |
| Fibonacci | 14,383.00 | 14,441.06 | 14,476.94 | 14,535.00 | 14,593.06 | 14,628.94 | 14,687.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,955.00 | 14,130.00 | 14,287.00 | 14,462.00 | 14,619.00 | 14,794.00 | 14,951.00 |
| Camarilla | 14,352.70 | 14,383.13 | 14,413.57 | 14,444.00 | 14,474.43 | 14,504.87 | 14,535.30 |
| Woodie | 13,946.00 | 14,125.50 | 14,278.00 | 14,457.50 | 14,610.00 | 14,789.50 | 14,942.00 |
| Fibonacci | 14,130.00 | 14,256.82 | 14,335.18 | 14,462.00 | 14,588.82 | 14,667.18 | 14,794.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,260.67 | 12,766.33 | 13,590.67 | 14,096.33 | 14,920.67 | 15,426.33 | 16,250.67 |
| Camarilla | 14,049.25 | 14,171.17 | 14,293.08 | 14,415.00 | 14,536.92 | 14,658.83 | 14,780.75 |
| Woodie | 12,420.00 | 12,846.00 | 13,750.00 | 14,176.00 | 15,080.00 | 15,506.00 | 16,410.00 |
| Fibonacci | 12,766.33 | 13,274.39 | 13,588.27 | 14,096.33 | 14,604.39 | 14,918.27 | 15,426.33 |
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): | 58.37 | |
| MACD (12,26,9): | 142.9700 | |
| Directional Movement: | 7.03 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 14,433.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,254.86 | |
| Elder Ray (13): | 164.53 | |
| Super Trend (3,10): | 13,803.51 | |
| Zig ZAG (10): | 14,549.00 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 86.37 | |
| TEMA (21): | 14,588.16 | |
| Williams %R (14): | -15.41 | |
| Chande Momentum Oscillator (20): | 514.00 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 7.97 |
| MA7: | 14,496.00 | |
| MA20: | 14,190.80 | |
| MA50: | 14,158.58 | |
| MA100: | 14,452.12 | |
| MAexp7: | 14,474.25 | |
| MAexp20: | 14,277.65 | |
| MAexp50: | 14,234.93 | |
| MAexp100: | 14,466.69 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +2.52% | |
| Price / MA50: | +2.76% | |
| Price / MA100: | +0.67% | |
| Price / MAexp7: | +0.52% | |
| Price / MAexp20: | +1.90% | |
| Price / MAexp50: | +2.21% | |
| Price / MAexp100: | +0.57% |
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
Online
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