DAX40 FULL0925 - 1H - Technical analysis published on 10/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 15,004.36 EUR
My targets
14,803.00 EUR (-0.31%)
14,714.00 EUR (-0.91%)
My analysis
The bearish trend is currently very strong for DAX40 FULL1223. As long as the price remains below the resistance at 15,004.36 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 14,803.00 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14,714.00 EUR as an objective. Crossing it would then enable sellers to target 14,508.20 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1
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Additional analysis
Quotes
The DAX40 FULL1223 price is 14,849.00 EUR. On the day, this instrument lost -0.90% and was traded between 14,833.00 EUR and 14,873.00 EUR over the period. The price is currently at +0.11% from its lowest and -0.16% from its highest.14,833.00
14,873.00
14,849.00
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX40 FULL1223:
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. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14,508.20 | 14,714.00 | 14,803.00 | 14,849.00 | 15,004.36 | 15,209.00 | 15,405.00 |
| Change (%) | -2.30% | -0.91% | -0.31% | - | +1.05% | +2.42% | +3.74% |
| Change | -340.80 | -135.00 | -46.00 | - | +155.36 | +360.00 | +556.00 |
| Level | Minor | Major | Minor | - | Intermediate | 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 | 14,746.00 | 14,808.00 | 14,896.00 | 14,958.00 | 15,046.00 | 15,108.00 | 15,196.00 |
| Camarilla | 14,942.75 | 14,956.50 | 14,970.25 | 14,984.00 | 14,997.75 | 15,011.50 | 15,025.25 |
| Woodie | 14,759.00 | 14,814.50 | 14,909.00 | 14,964.50 | 15,059.00 | 15,114.50 | 15,209.00 |
| Fibonacci | 14,808.00 | 14,865.30 | 14,900.70 | 14,958.00 | 15,015.30 | 15,050.70 | 15,108.00 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.45 | |
| MACD (12,26,9): | -13.5400 | |
| Directional Movement: | -17.10 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 14,911.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,016.26 | |
| Elder Ray (13): | -64.34 | |
| Super Trend (3,10): | 14,994.31 | |
| Zig ZAG (10): | 14,857.00 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 16.01 | |
| TEMA (21): | 14,889.23 | |
| Williams %R (14): | -90.91 | |
| Chande Momentum Oscillator (20): | -78.00 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.74 |
| MA7: | 14,980.43 | |
| MA20: | 15,231.85 | |
| MA50: | 15,602.10 | |
| MA100: | 15,941.16 | |
| MAexp7: | 14,892.54 | |
| MAexp20: | 14,921.96 | |
| MAexp50: | 14,933.31 | |
| MAexp100: | 14,988.61 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | -2.51% | |
| Price / MA50: | -4.83% | |
| Price / MA100: | -6.85% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | -0.93% |
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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