DAX40 FULL0624 - Daily - Technical analysis published on 09/08/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 12,954.00 EUR
My targets
12,633.00 EUR (-1.19%)
12,284.50 EUR (-3.91%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DAX40 FULL0922 as long as the price remains well below 12,954.00 EUR. The sellers' bearish objective is set at 12,633.00 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12,284.50 EUR. In case of crossing, the next objective would be the support located at 11,480.30 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.8
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 FULL0922 price is 12,785.00 EUR. The price is lower by -1.21% since the last closing and was between 12,685.00 EUR and 13,039.00 EUR. This implies that the price is at +0.79% from its lowest and at -1.95% from its highest.12,685.00
13,039.00
12,785.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 Daily chart of DAX40 FULL0922 indicates that the overall trend is strongly bearish. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,480.30 | 12,284.50 | 12,633.00 | 12,785.00 | 12,954.00 | 13,346.70 | 13,655.00 |
| Change (%) | -10.20% | -3.91% | -1.19% | - | +1.32% | +4.39% | +6.80% |
| Change | -1,304.70 | -500.50 | -152.00 | - | +169.00 | +561.70 | +870.00 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | 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 | 12,470.67 | 12,585.33 | 12,763.67 | 12,878.33 | 13,056.67 | 13,171.33 | 13,349.67 |
| Camarilla | 12,861.43 | 12,888.28 | 12,915.14 | 12,942.00 | 12,968.86 | 12,995.72 | 13,022.58 |
| Woodie | 12,502.50 | 12,601.25 | 12,795.50 | 12,894.25 | 13,088.50 | 13,187.25 | 13,381.50 |
| Fibonacci | 12,585.33 | 12,697.26 | 12,766.41 | 12,878.33 | 12,990.26 | 13,059.41 | 13,171.33 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.19 | |
| MACD (12,26,9): | -164.4700 | |
| Directional Movement: | -0.94 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 12,880.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,593.00 | |
| Elder Ray (13): | -110.73 | |
| Super Trend (3,10): | 13,430.47 | |
| Zig ZAG (10): | 12,758.00 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 24.31 | |
| TEMA (21): | 12,748.63 | |
| Williams %R (14): | -81.20 | |
| Chande Momentum Oscillator (20): | -376.00 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 10.77 |
| MA7: | 12,830.57 | |
| MA20: | 13,193.95 | |
| MA50: | 13,178.10 | |
| MA100: | 13,482.66 | |
| MAexp7: | 12,875.64 | |
| MAexp20: | 13,068.06 | |
| MAexp50: | 13,249.91 | |
| MAexp100: | 13,521.14 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -3.10% | |
| Price / MA50: | -2.98% | |
| Price / MA100: | -5.17% | |
| Price / MAexp7: | -0.70% | |
| Price / MAexp20: | -2.17% | |
| Price / MAexp50: | -3.51% | |
| Price / MAexp100: | -5.44% |
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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