DAX40 FULL0624 - 1H - Technical analysis published on 11/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 15,022.00 EUR
My targets
15,209.00 EUR (+0.62%)
15,560.00 EUR (+2.94%)
My analysis
DAX40 FULL1223 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 15,022.00 EUR. The next resistance located at 15,209.00 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 15,560.00 EUR. After this resistance, buyers could then target 16,023.00 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 FULL1223 rating is 15,115.00 EUR. The price registered an increase of +0.85% on the session and was traded between 15,062.00 EUR and 15,117.00 EUR over the period. The price is currently at +0.35% from its lowest and -0.01% from its highest.15,062.00
15,117.00
15,115.00
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DAX40 FULL1223 chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
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 : 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 presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14,733.33 | 14,875.20 | 15,022.00 | 15,115.00 | 15,209.00 | 15,560.00 | 16,023.00 |
| Change (%) | -2.53% | -1.59% | -0.62% | - | +0.62% | +2.94% | +6.01% |
| Change | -381.67 | -239.80 | -93.00 | - | +94.00 | +445.00 | +908.00 |
| Level | Minor | Minor | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,669.00 | 14,763.00 | 14,875.00 | 14,969.00 | 15,081.00 | 15,175.00 | 15,287.00 |
| Camarilla | 14,930.35 | 14,949.23 | 14,968.12 | 14,987.00 | 15,005.88 | 15,024.77 | 15,043.65 |
| Woodie | 14,678.00 | 14,767.50 | 14,884.00 | 14,973.50 | 15,090.00 | 15,179.50 | 15,296.00 |
| Fibonacci | 14,763.00 | 14,841.69 | 14,890.31 | 14,969.00 | 15,047.69 | 15,096.31 | 15,175.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,276.67 | 14,471.33 | 14,630.67 | 14,825.33 | 14,984.67 | 15,179.33 | 15,338.67 |
| Camarilla | 14,692.65 | 14,725.10 | 14,757.55 | 14,790.00 | 14,822.45 | 14,854.90 | 14,887.35 |
| Woodie | 14,259.00 | 14,462.50 | 14,613.00 | 14,816.50 | 14,967.00 | 15,170.50 | 15,321.00 |
| Fibonacci | 14,471.33 | 14,606.56 | 14,690.11 | 14,825.33 | 14,960.56 | 15,044.11 | 15,179.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,438.67 | 14,052.33 | 14,456.67 | 15,070.33 | 15,474.67 | 16,088.33 | 16,492.67 |
| Camarilla | 14,581.05 | 14,674.37 | 14,767.68 | 14,861.00 | 14,954.32 | 15,047.63 | 15,140.95 |
| Woodie | 13,334.00 | 14,000.00 | 14,352.00 | 15,018.00 | 15,370.00 | 16,036.00 | 16,388.00 |
| Fibonacci | 14,052.33 | 14,441.21 | 14,681.46 | 15,070.33 | 15,459.21 | 15,699.46 | 16,088.33 |
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): | 69.12 | |
| MACD (12,26,9): | 49.9700 | |
| Directional Movement: | 16.35 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 15,089.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,020.06 | |
| Elder Ray (13): | 33.62 | |
| Super Trend (3,10): | 14,988.94 | |
| Zig ZAG (10): | 15,086.00 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 87.58 | |
| TEMA (21): | 15,106.43 | |
| Williams %R (14): | -13.79 | |
| Chande Momentum Oscillator (20): | 76.00 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.86 |
| MA7: | 14,891.71 | |
| MA20: | 15,119.25 | |
| MA50: | 15,503.60 | |
| MA100: | 15,859.81 | |
| MAexp7: | 15,076.47 | |
| MAexp20: | 15,025.85 | |
| MAexp50: | 14,953.03 | |
| MAexp100: | 14,920.62 | |
| Price / MA7: | +1.50% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | -2.51% | |
| Price / MA100: | -4.70% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +1.08% | |
| Price / MAexp100: | +1.30% |
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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