DAX40 FULL0625 - 1H - Technical analysis published on 10/24/2023 (GMT)
- 131
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 14,941.00 EUR
My targets
14,714.00 EUR (-0.96%)
14,508.20 EUR (-2.34%)
My analysis
The bearish basic trend is very strong on DAX40 FULL1223 but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 14,941.00 EUR. Crossing the first support at 14,714.00 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 14,508.20 EUR as an objective. Crossing it would then enable sellers to target 13,861.83 EUR. Caution, a return to above the resistance located at 14,941.00 EUR would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.8
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 ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX40 FULL1223 rating 14,856.00 EUR. The price registered a decrease of -0.17% on the session with the lowest point at 14,803.00 EUR and the highest point at 14,876.00 EUR. The deviation from the price is +0.36% for the low point and -0.13% for the high point.14,803.00
14,876.00
14,856.00
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DAX40 FULL1223 chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 14,508.20 | 14,714.00 | 14,856.00 | 14,941.00 | 15,209.00 | 15,405.00 |
| Change (%) | -6.69% | -2.34% | -0.96% | - | +0.57% | +2.38% | +3.70% |
| Change | -994.17 | -347.80 | -142.00 | - | +85.00 | +353.00 | +549.00 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | 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 | 14,522.67 | 14,618.33 | 14,749.67 | 14,845.33 | 14,976.67 | 15,072.33 | 15,203.67 |
| Camarilla | 14,818.58 | 14,839.38 | 14,860.19 | 14,881.00 | 14,901.81 | 14,922.62 | 14,943.43 |
| Woodie | 14,540.50 | 14,627.25 | 14,767.50 | 14,854.25 | 14,994.50 | 15,081.25 | 15,221.50 |
| Fibonacci | 14,618.33 | 14,705.05 | 14,758.62 | 14,845.33 | 14,932.05 | 14,985.62 | 15,072.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,173.67 | 14,520.33 | 14,711.67 | 15,058.33 | 15,249.67 | 15,596.33 | 15,787.67 |
| Camarilla | 14,755.05 | 14,804.37 | 14,853.68 | 14,903.00 | 14,952.32 | 15,001.63 | 15,050.95 |
| Woodie | 14,096.00 | 14,481.50 | 14,634.00 | 15,019.50 | 15,172.00 | 15,557.50 | 15,710.00 |
| Fibonacci | 14,520.33 | 14,725.85 | 14,852.82 | 15,058.33 | 15,263.85 | 15,390.82 | 15,596.33 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.80 | |
| MACD (12,26,9): | -20.4000 | |
| Directional Movement: | -7.78 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 14,823.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,812.00 | |
| Elder Ray (13): | 3.60 | |
| Super Trend (3,10): | 14,917.32 | |
| Zig ZAG (10): | 14,849.00 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 63.36 | |
| TEMA (21): | 14,844.47 | |
| Williams %R (14): | -39.88 | |
| Chande Momentum Oscillator (20): | 64.00 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.47 |
| MA7: | 15,089.43 | |
| MA20: | 15,276.50 | |
| MA50: | 15,638.02 | |
| MA100: | 15,967.25 | |
| MAexp7: | 14,847.04 | |
| MAexp20: | 14,856.76 | |
| MAexp50: | 14,929.50 | |
| MAexp100: | 15,040.61 | |
| Price / MA7: | -1.55% | |
| Price / MA20: | -2.75% | |
| Price / MA50: | -5.00% | |
| Price / MA100: | -6.96% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -1.23% |
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 FULL0625 - 1H