DAX40 FULL0624 - 15 min. - Technical analysis published on 10/03/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 15,424.33 EUR
My targets
15,243.67 EUR (-0.51%)
15,112.33 EUR (-1.37%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DAX40 FULL1223. As long as you are under the resistance located at 15,424.33 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 15,243.67 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 15,112.33 EUR as an objective. Crossing it would then enable sellers to target 14,931.67 EUR. If the resistance 15,424.33 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.2
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Additional analysis
Quotes
The DAX40 FULL1223 rating is 15,322.00 EUR. On the day, this instrument lost -0.35% and was traded between 15,221.00 EUR and 15,384.00 EUR over the period. The price is currently at +0.66% from its lowest and -0.40% from its highest.15,221.00
15,384.00
15,322.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this DAX40 FULL1223 chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 13,861.83 | 14,390.00 | 15,214.00 | 15,322.00 | 15,461.00 | 15,596.25 | 15,783.00 |
| Change (%) | -9.53% | -6.08% | -0.70% | - | +0.91% | +1.79% | +3.01% |
| Change | -1,460.17 | -932.00 | -108.00 | - | +139.00 | +274.25 | +461.00 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 14,931.67 | 15,112.33 | 15,243.67 | 15,424.33 | 15,555.67 | 15,736.33 | 15,867.67 |
| Camarilla | 15,289.20 | 15,317.80 | 15,346.40 | 15,375.00 | 15,403.60 | 15,432.20 | 15,460.80 |
| Woodie | 14,907.00 | 15,100.00 | 15,219.00 | 15,412.00 | 15,531.00 | 15,724.00 | 15,843.00 |
| Fibonacci | 15,112.33 | 15,231.52 | 15,305.15 | 15,424.33 | 15,543.52 | 15,617.15 | 15,736.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,837.33 | 15,050.67 | 15,288.33 | 15,501.67 | 15,739.33 | 15,952.67 | 16,190.33 |
| Camarilla | 15,401.98 | 15,443.32 | 15,484.66 | 15,526.00 | 15,567.34 | 15,608.68 | 15,650.03 |
| Woodie | 14,849.50 | 15,056.75 | 15,300.50 | 15,507.75 | 15,751.50 | 15,958.75 | 16,202.50 |
| Fibonacci | 15,050.67 | 15,222.95 | 15,329.39 | 15,501.67 | 15,673.95 | 15,780.39 | 15,952.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,210.67 | 14,737.33 | 15,131.67 | 15,658.33 | 16,052.67 | 16,579.33 | 16,973.67 |
| Camarilla | 15,272.73 | 15,357.15 | 15,441.58 | 15,526.00 | 15,610.43 | 15,694.85 | 15,779.28 |
| Woodie | 14,144.50 | 14,704.25 | 15,065.50 | 15,625.25 | 15,986.50 | 16,546.25 | 16,907.50 |
| Fibonacci | 14,737.33 | 15,089.16 | 15,306.51 | 15,658.33 | 16,010.16 | 16,227.51 | 16,579.33 |
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): | 47.02 | |
| MACD (12,26,9): | 7.3300 | |
| Directional Movement: | -4.12 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 15,334.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,382.62 | |
| Elder Ray (13): | -18.82 | |
| Super Trend (3,10): | 15,296.21 | |
| Zig ZAG (10): | 15,321.00 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 46.07 | |
| TEMA (21): | 15,351.28 | |
| Williams %R (14): | -54.81 | |
| Chande Momentum Oscillator (20): | 13.00 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.75 |
| MA7: | 15,421.71 | |
| MA20: | 15,711.40 | |
| MA50: | 15,947.42 | |
| MA100: | 16,129.95 | |
| MAexp7: | 15,333.60 | |
| MAexp20: | 15,326.47 | |
| MAexp50: | 15,334.08 | |
| MAexp100: | 15,371.61 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -2.48% | |
| Price / MA50: | -3.92% | |
| Price / MA100: | -5.01% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.32% |
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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