DAX40 FULL0624 - 1H - Technical analysis published on 11/10/2022 (GMT)
- 122
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
One daily analysis for free from 
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 13,632.00 EUR
My targets
13,967.40 EUR (+1.99%)
14,213.33 EUR (+3.78%)
My analysis
DAX40 FULL1222 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 13,632.00 EUR. The next resistance located at 13,967.40 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 14,213.33 EUR. After this resistance, buyers could then target 15,028.00 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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 bccartwright. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 FULL1222 rating is 13,695.00 EUR. On the day, this instrument lost -0.03% and was traded between 13,590.00 EUR and 13,710.00 EUR over the period. The price is currently at +0.77% from its lowest and -0.11% from its highest.13,590.00
13,710.00
13,695.00
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
Here is a more detailed summary of the historical variations registered by DAX40 FULL1222:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL1222 in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
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 | 13,576.40 | 13,632.00 | 13,690.00 | 13,695.00 | 13,967.40 | 15,028.00 | 15,556.00 |
| Change (%) | -0.87% | -0.46% | -0.04% | - | +1.99% | +9.73% | +13.59% |
| Change | -118.60 | -63.00 | -5.00 | - | +272.40 | +1,333.00 | +1,861.00 |
| Level | Intermediate | Minor | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,475.00 | 13,525.00 | 13,612.00 | 13,662.00 | 13,749.00 | 13,799.00 | 13,886.00 |
| Camarilla | 13,661.33 | 13,673.88 | 13,686.44 | 13,699.00 | 13,711.56 | 13,724.12 | 13,736.68 |
| Woodie | 13,493.50 | 13,534.25 | 13,630.50 | 13,671.25 | 13,767.50 | 13,808.25 | 13,904.50 |
| Fibonacci | 13,525.00 | 13,577.33 | 13,609.67 | 13,662.00 | 13,714.33 | 13,746.67 | 13,799.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,629.33 | 12,832.67 | 13,157.33 | 13,360.67 | 13,685.33 | 13,888.67 | 14,213.33 |
| Camarilla | 13,336.80 | 13,385.20 | 13,433.60 | 13,482.00 | 13,530.40 | 13,578.80 | 13,627.20 |
| Woodie | 12,690.00 | 12,863.00 | 13,218.00 | 13,391.00 | 13,746.00 | 13,919.00 | 14,274.00 |
| Fibonacci | 12,832.67 | 13,034.36 | 13,158.97 | 13,360.67 | 13,562.36 | 13,686.97 | 13,888.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,733.00 | 11,281.00 | 12,280.00 | 12,828.00 | 13,827.00 | 14,375.00 | 15,374.00 |
| Camarilla | 12,853.58 | 12,995.38 | 13,137.19 | 13,279.00 | 13,420.81 | 13,562.62 | 13,704.43 |
| Woodie | 10,958.50 | 11,393.75 | 12,505.50 | 12,940.75 | 14,052.50 | 14,487.75 | 15,599.50 |
| Fibonacci | 11,281.00 | 11,871.95 | 12,237.05 | 12,828.00 | 13,418.95 | 13,784.05 | 14,375.00 |
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): | 62.59 | |
| MACD (12,26,9): | 10.5500 | |
| Directional Movement: | 10.75 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 13,654.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,592.26 | |
| Elder Ray (13): | 34.34 | |
| Super Trend (3,10): | 13,585.29 | |
| Zig ZAG (10): | 13,684.00 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 82.25 | |
| TEMA (21): | 13,654.36 | |
| Williams %R (14): | -20.83 | |
| Chande Momentum Oscillator (20): | 86.00 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.16 |
| MA7: | 13,491.43 | |
| MA20: | 13,152.00 | |
| MA50: | 12,821.82 | |
| MA100: | 13,027.83 | |
| MAexp7: | 13,662.53 | |
| MAexp20: | 13,643.60 | |
| MAexp50: | 13,614.30 | |
| MAexp100: | 13,539.95 | |
| Price / MA7: | +1.51% | |
| Price / MA20: | +4.13% | |
| Price / MA50: | +6.81% | |
| Price / MA100: | +5.12% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +1.15% |
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 - 1H