DAX40 FULL0925 - 1H - Technical analysis published on 10/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 15,409.00 EUR
My targets
15,294.50 EUR (-0.27%)
15,209.00 EUR (-0.83%)
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 15,409.00 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 15,294.50 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 15,209.00 EUR as an objective. Crossing it would then enable sellers to target 15,067.00 EUR. If the resistance 15,409.00 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.7
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This analysis was given by ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX40 FULL1223 rating 15,336.00 EUR. The price has increased by +0.05% since the last closing and was traded between 15,332.00 EUR and 15,384.00 EUR over the period. The price is currently at +0.03% from its lowest and -0.31% from its highest.15,332.00
15,384.00
15,336.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DAX40 FULL1223 chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
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 | 15,067.00 | 15,209.00 | 15,294.50 | 15,336.00 | 15,343.00 | 15,409.00 | 15,596.25 |
| Change (%) | -1.75% | -0.83% | -0.27% | - | +0.05% | +0.48% | +1.70% |
| Change | -269.00 | -127.00 | -41.50 | - | +7.00 | +73.00 | +260.25 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Intermediate |
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 | 15,055.33 | 15,128.67 | 15,228.33 | 15,301.67 | 15,401.33 | 15,474.67 | 15,574.33 |
| Camarilla | 15,280.43 | 15,296.28 | 15,312.14 | 15,328.00 | 15,343.86 | 15,359.72 | 15,375.58 |
| Woodie | 15,068.50 | 15,135.25 | 15,241.50 | 15,308.25 | 15,414.50 | 15,481.25 | 15,587.50 |
| Fibonacci | 15,128.67 | 15,194.75 | 15,235.58 | 15,301.67 | 15,367.75 | 15,408.58 | 15,474.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,594.33 | 14,891.67 | 15,089.33 | 15,386.67 | 15,584.33 | 15,881.67 | 16,079.33 |
| Camarilla | 15,150.88 | 15,196.25 | 15,241.63 | 15,287.00 | 15,332.38 | 15,377.75 | 15,423.13 |
| Woodie | 14,544.50 | 14,866.75 | 15,039.50 | 15,361.75 | 15,534.50 | 15,856.75 | 16,029.50 |
| Fibonacci | 14,891.67 | 15,080.76 | 15,197.58 | 15,386.67 | 15,575.76 | 15,692.58 | 15,881.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,184.00 | 14,724.00 | 15,105.00 | 15,645.00 | 16,026.00 | 16,566.00 | 16,947.00 |
| Camarilla | 15,232.73 | 15,317.15 | 15,401.58 | 15,486.00 | 15,570.43 | 15,654.85 | 15,739.28 |
| Woodie | 14,104.50 | 14,684.25 | 15,025.50 | 15,605.25 | 15,946.50 | 16,526.25 | 16,867.50 |
| Fibonacci | 14,724.00 | 15,075.82 | 15,293.18 | 15,645.00 | 15,996.82 | 16,214.18 | 16,566.00 |
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): | 49.31 | |
| MACD (12,26,9): | -1.4000 | |
| Directional Movement: | -2.15 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 15,328.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,272.75 | |
| Elder Ray (13): | -1.80 | |
| Super Trend (3,10): | 15,394.55 | |
| Zig ZAG (10): | 15,339.00 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 65.11 | |
| TEMA (21): | 15,356.47 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 37.00 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.80 |
| MA7: | 15,415.57 | |
| MA20: | 15,435.55 | |
| MA50: | 15,748.70 | |
| MA100: | 16,030.22 | |
| MAexp7: | 15,344.88 | |
| MAexp20: | 15,337.01 | |
| MAexp50: | 15,370.37 | |
| MAexp100: | 15,396.92 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | -2.62% | |
| Price / MA100: | -4.33% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.40% |
Quotes :
-
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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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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