DAX40 FULL0624 - 15 min. - Technical analysis published on 09/07/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 12,836.33 EUR
My targets
12,951.67 EUR (+0.20%)
13,044.33 EUR (+0.92%)
My analysis
DAX40 FULL0922 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12,836.33 EUR. The next resistance located at 12,951.67 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 13,044.33 EUR. After this resistance, buyers could then target 13,159.67 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
The DAX40 FULL0922 rating is 12,926.00 EUR. The price has increased by +0.52% since the last closing with the lowest point at 12,700.00 EUR and the highest point at 12,959.00 EUR. The deviation from the price is +1.78% for the low point and -0.25% for the high point.12,700.00
12,959.00
12,926.00
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 FULL0922:
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
Technical analysis of this 15 min. chart of DAX40 FULL0922 indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 15 minutes
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 is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
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 Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 12,284.50 | 12,633.00 | 12,719.40 | 12,926.00 | 12,929.00 | 13,053.30 | 13,346.70 |
Change (%) | -4.96% | -2.27% | -1.60% | - | +0.02% | +0.98% | +3.25% |
Change | -641.50 | -293.00 | -206.60 | - | +3.00 | +127.30 | +420.70 |
Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | 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 | 12,535.67 | 12,628.33 | 12,743.67 | 12,836.33 | 12,951.67 | 13,044.33 | 13,159.67 |
Camarilla | 12,801.80 | 12,820.87 | 12,839.93 | 12,859.00 | 12,878.07 | 12,897.13 | 12,916.20 |
Woodie | 12,547.00 | 12,634.00 | 12,755.00 | 12,842.00 | 12,963.00 | 13,050.00 | 13,171.00 |
Fibonacci | 12,628.33 | 12,707.79 | 12,756.88 | 12,836.33 | 12,915.79 | 12,964.88 | 13,044.33 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 12,151.33 | 12,374.67 | 12,708.33 | 12,931.67 | 13,265.33 | 13,488.67 | 13,822.33 |
Camarilla | 12,888.83 | 12,939.88 | 12,990.94 | 13,042.00 | 13,093.06 | 13,144.12 | 13,195.18 |
Woodie | 12,206.50 | 12,402.25 | 12,763.50 | 12,959.25 | 13,320.50 | 13,516.25 | 13,877.50 |
Fibonacci | 12,374.67 | 12,587.44 | 12,718.89 | 12,931.67 | 13,144.44 | 13,275.89 | 13,488.67 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11,083.67 | 11,892.33 | 12,352.67 | 13,161.33 | 13,621.67 | 14,430.33 | 14,890.67 |
Camarilla | 12,464.03 | 12,580.35 | 12,696.68 | 12,813.00 | 12,929.33 | 13,045.65 | 13,161.98 |
Woodie | 10,909.50 | 11,805.25 | 12,178.50 | 13,074.25 | 13,447.50 | 14,343.25 | 14,716.50 |
Fibonacci | 11,892.33 | 12,377.09 | 12,676.58 | 13,161.33 | 13,646.09 | 13,945.58 | 14,430.33 |
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): | 69.77 | |
MACD (12,26,9): | 32.0700 | |
Directional Movement: | 21.38 | |
AROON (14): | 78.57 | |
DEMA (21): | 12,890.67 | |
Parabolic SAR (0,02-0,02-0,2): | 12,814.84 | |
Elder Ray (13): | 68.79 | |
Super Trend (3,10): | 12,826.12 | |
Zig ZAG (10): | 12,934.00 | |
VORTEX (21): | 1.1700 | |
Stochastique (14,3,5): | 89.84 | |
TEMA (21): | 12,910.79 | |
Williams %R (14): | -11.39 | |
Chande Momentum Oscillator (20): | 177.00 | |
Repulse (5,40,3): | 0.2400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 1.26 |
MA7: | 12,850.57 | |
MA20: | 13,239.65 | |
MA50: | 13,178.88 | |
MA100: | 13,498.22 | |
MAexp7: | 12,898.20 | |
MAexp20: | 12,854.33 | |
MAexp50: | 12,819.16 | |
MAexp100: | 12,803.69 | |
Price / MA7: | +0.59% | |
Price / MA20: | -2.37% | |
Price / MA50: | -1.92% | |
Price / MA100: | -4.24% | |
Price / MAexp7: | +0.22% | |
Price / MAexp20: | +0.56% | |
Price / MAexp50: | +0.83% | |
Price / MAexp100: | +0.96% |
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.
About author
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…
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