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 10/27/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

94%

My opinion

Bullish above 12,989.00 EUR

My targets

13,381.70 EUR (+1.04%)

13,690.00 EUR (+3.37%)

My analysis

The strong short-term increase for DAX40 FULL1222 reinforces the current slightly bullish trend. As long as the price remains above 12,989.00 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 13,381.70 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13,690.00 EUR as an objective. Crossing it would then enable buyers to target 15,028.00 EUR. A return to 12,989.00 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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

5.2

Comment on the analysis

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 ASHIQ ALI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DAX40 FULL1222 rating is 13,244.00 EUR. The price registered an increase of +0.20% on the session and was between 13,060.00 EUR and 13,280.00 EUR. This implies that the price is at +1.41% from its lowest and at -0.27% from its highest.

13,060.00

13,280.00

13,244.00

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this DAX40 FULL1222 chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12,319.50	12,674.00	12,989.00	13,244.00	13,381.70	13,690.00	15,028.00
Change (%)	-6.98%	-4.30%	-1.93%	-	+1.04%	+3.37%	+13.47%
Change	-924.50	-570.00	-255.00	-	+137.70	+446.00	+1,784.00
Level	Major	Major	Intermediate	-	Major	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,889.33	12,974.67	13,109.33	13,194.67	13,329.33	13,414.67	13,549.33
Camarilla	13,183.50	13,203.67	13,223.83	13,244.00	13,264.17	13,284.33	13,304.50
Woodie	12,914.00	12,987.00	13,134.00	13,207.00	13,354.00	13,427.00	13,574.00
Fibonacci	12,974.67	13,058.71	13,110.63	13,194.67	13,278.71	13,330.63	13,414.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,854.67	12,122.33	12,428.67	12,696.33	13,002.67	13,270.33	13,576.67
Camarilla	12,577.15	12,629.77	12,682.38	12,735.00	12,787.62	12,840.23	12,892.85
Woodie	11,874.00	12,132.00	12,448.00	12,706.00	13,022.00	13,280.00	13,596.00
Fibonacci	12,122.33	12,341.60	12,477.07	12,696.33	12,915.60	13,051.07	13,270.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,653.33	10,765.67	11,382.33	12,494.67	13,111.33	14,223.67	14,840.33
Camarilla	11,523.53	11,682.02	11,840.51	11,999.00	12,157.49	12,315.98	12,474.48
Woodie	9,405.50	10,641.75	11,134.50	12,370.75	12,863.50	14,099.75	14,592.50
Fibonacci	10,765.67	11,426.15	11,834.19	12,494.67	13,155.15	13,563.19	14,223.67

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):	64.03
MACD (12,26,9):	121.4900
Directional Movement:	12.35
AROON (14):	71.43
DEMA (21):	12,853.66
Parabolic SAR (0,02-0,02-0,2):	12,644.40
Elder Ray (13):	330.13
Super Trend (3,10):	12,300.75
Zig ZAG (10):	13,244.00
VORTEX (21):	1.1700
Stochastique (14,3,5):	97.04
TEMA (21):	13,074.52
Williams %R (14):	-2.84
Chande Momentum Oscillator (20):	1,071.00
Repulse (5,40,3):	3.3600
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	10.65

MA7:	12,965.43
MA20:	12,606.25
MA50:	12,754.76
MA100:	13,013.30
MAexp7:	13,000.14
MAexp20:	12,757.63
MAexp50:	12,812.53
MAexp100:	13,109.98
Price / MA7:	+2.15%
Price / MA20:	+5.06%
Price / MA50:	+3.84%
Price / MA100:	+1.77%
Price / MAexp7:	+1.88%
Price / MAexp20:	+3.81%
Price / MAexp50:	+3.37%
Price / MAexp100:	+1.02%

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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