DAX40 FULL0925 - 1H - Technical analysis published on 11/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 15,209.00 EUR
My targets
15,560.00 EUR (+1.75%)
15,809.08 EUR (+3.38%)
My analysis
The bullish trend is currently very strong on DAX40 FULL1223. As long as the price remains above the support at 15,209.00 EUR, you could try to benefit from the boom. The first bullish objective is located at 15,560.00 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 15,809.08 EUR as an objective. Crossing it would then enable buyers to target 16,022.54 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
7.9
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Additional analysis
Quotes
The DAX40 FULL1223 rating is 15,292.00 EUR. The price registered an increase of +0.51% on the session and was traded between 15,281.00 EUR and 15,297.00 EUR over the period. The price is currently at +0.07% from its lowest and -0.03% from its highest.15,281.00
15,297.00
15,292.00
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL1223 in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
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 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 15,020.44 | 15,209.00 | 15,277.00 | 15,292.00 | 15,560.00 | 15,809.08 | 16,022.54 |
| Change (%) | -1.78% | -0.54% | -0.10% | - | +1.75% | +3.38% | +4.78% |
| Change | -271.56 | -83.00 | -15.00 | - | +268.00 | +517.08 | +730.54 |
| Level | Intermediate | Major | Minor | - | Intermediate | 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 | 14,853.33 | 14,957.67 | 15,086.33 | 15,190.67 | 15,319.33 | 15,423.67 | 15,552.33 |
| Camarilla | 15,150.93 | 15,172.28 | 15,193.64 | 15,215.00 | 15,236.36 | 15,257.72 | 15,279.08 |
| Woodie | 14,865.50 | 14,963.75 | 15,098.50 | 15,196.75 | 15,331.50 | 15,429.75 | 15,564.50 |
| Fibonacci | 14,957.67 | 15,046.67 | 15,101.66 | 15,190.67 | 15,279.67 | 15,334.66 | 15,423.67 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 77.53 | |
| MACD (12,26,9): | 69.3200 | |
| Directional Movement: | 21.71 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 15,311.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,203.73 | |
| Elder Ray (13): | 41.98 | |
| Super Trend (3,10): | 15,204.29 | |
| Zig ZAG (10): | 15,296.00 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 97.90 | |
| TEMA (21): | 15,320.76 | |
| Williams %R (14): | -0.93 | |
| Chande Momentum Oscillator (20): | 70.00 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.62 |
| MA7: | 14,962.86 | |
| MA20: | 15,120.55 | |
| MA50: | 15,494.54 | |
| MA100: | 15,847.82 | |
| MAexp7: | 15,278.86 | |
| MAexp20: | 15,216.70 | |
| MAexp50: | 15,097.27 | |
| MAexp100: | 15,012.58 | |
| Price / MA7: | +2.20% | |
| Price / MA20: | +1.13% | |
| Price / MA50: | -1.31% | |
| Price / MA100: | -3.51% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +1.29% | |
| Price / MAexp100: | +1.86% |
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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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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