DAX40 FULL0624
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 09/07/2022 (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
28%
50%
22%
My opinion
Bearish under 13,346.70 EUR
My targets
12,633.00 EUR (-2.26%)
12,284.50 EUR (-4.96%)
My analysis
DAX40 FULL0922 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 13,346.70 EUR. The next support located at 12,633.00 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 12,284.50 EUR. Below this support, sellers could then target 11,480.30 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4

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 Simon1. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The DAX40 FULL0922 price is 12,925.00 EUR. The price registered an increase of +0.51% on the session and was traded between 12,700.00 EUR and 12,959.00 EUR over the period. The price is currently at +1.77% from its lowest and -0.26% from its highest.

12,700.00
12,959.00
12,925.00

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this DAX40 FULL0922 chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. 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.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11,480.30 12,284.50 12,633.00 12,925.00 13,346.70 13,655.00 14,993.00
Change (%) -11.18% -4.96% -2.26% - +3.26% +5.65% +16.00%
Change -1,444.70 -640.50 -292.00 - +421.70 +730.00 +2,068.00
Level Minor Intermediate Major - Major Major Major



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
Standard12,535.6712,628.3312,743.6712,836.3312,951.6713,044.3313,159.67
Camarilla12,801.8012,820.8712,839.9312,859.0012,878.0712,897.1312,916.20
Woodie12,547.0012,634.0012,755.0012,842.0012,963.0013,050.0013,171.00
Fibonacci12,628.3312,707.7912,756.8812,836.3312,915.7912,964.8813,044.33


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,151.3312,374.6712,708.3312,931.6713,265.3313,488.6713,822.33
Camarilla12,888.8312,939.8812,990.9413,042.0013,093.0613,144.1213,195.18
Woodie12,206.5012,402.2512,763.5012,959.2513,320.5013,516.2513,877.50
Fibonacci12,374.6712,587.4412,718.8912,931.6713,144.4413,275.8913,488.67


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,083.6711,892.3312,352.6713,161.3313,621.6714,430.3314,890.67
Camarilla12,464.0312,580.3512,696.6812,813.0012,929.3313,045.6513,161.98
Woodie10,909.5011,805.2512,178.5013,074.2513,447.5014,343.2514,716.50
Fibonacci11,892.3312,377.0912,676.5813,161.3313,646.0913,945.5814,430.33

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): 44.81
MACD (12,26,9): -157.4200
Directional Movement: -3.28
AROON (14): -85.71
DEMA (21): 12,925.17
Parabolic SAR (0,02-0,02-0,2): 12,993.49
Elder Ray (13): -179.09
Super Trend (3,10): 13,430.47
Zig ZAG (10): 12,942.00
VORTEX (21): 0.8000
Stochastique (14,3,5): 22.37
TEMA (21): 12,789.90
Williams %R (14): -67.64
Chande Momentum Oscillator (20): -248.00
Repulse (5,40,3): 3.3300
ROCnROLL: 2
TRIX (15,9): -0.1100
Courbe Coppock: 11.20
MA7: 12,850.57
MA20: 13,239.65
MA50: 13,178.88
MA100: 13,498.22
MAexp7: 12,906.27
MAexp20: 13,100.46
MAexp50: 13,269.87
MAexp100: 13,536.51
Price / MA7: +0.58%
Price / MA20: -2.38%
Price / MA50: -1.93%
Price / MA100: -4.25%
Price / MAexp7: +0.15%
Price / MAexp20: -1.34%
Price / MAexp50: -2.60%
Price / MAexp100: -4.52%

Quotes : - 15 min delayed data - EUREX Futures

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

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