DAX40 FULL0624 - 1H - Technical analysis published on 11/17/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 15,807.73 EUR
My targets
15,926.00 EUR (+0.27%)
16,022.54 EUR (+0.88%)
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 15,807.73 EUR. The next resistance located at 15,926.00 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 16,022.54 EUR. After this resistance, buyers could then target 16,368.33 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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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This analysis was given by ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX40 FULL1223 rating 15,883.00 EUR. The price has increased by +0.28% since the last closing with the lowest point at 15,870.00 EUR and the highest point at 15,888.00 EUR. The deviation from the price is +0.08% for the low point and -0.03% for the high point.15,870.00
15,888.00
15,883.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX40 FULL1223:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DAX40 FULL1223 indicates that the overall trend is strongly bullish. 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 technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 15,425.40 | 15,560.00 | 15,807.73 | 15,883.00 | 15,926.00 | 16,022.54 | 16,368.33 |
| Change (%) | -2.88% | -2.03% | -0.47% | - | +0.27% | +0.88% | +3.06% |
| Change | -457.60 | -323.00 | -75.27 | - | +43.00 | +139.54 | +485.33 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,591.33 | 15,675.67 | 15,757.33 | 15,841.67 | 15,923.33 | 16,007.67 | 16,089.33 |
| Camarilla | 15,793.35 | 15,808.57 | 15,823.78 | 15,839.00 | 15,854.22 | 15,869.43 | 15,884.65 |
| Woodie | 15,590.00 | 15,675.00 | 15,756.00 | 15,841.00 | 15,922.00 | 16,007.00 | 16,088.00 |
| Fibonacci | 15,675.67 | 15,739.08 | 15,778.26 | 15,841.67 | 15,905.08 | 15,944.26 | 16,007.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,848.33 | 14,990.67 | 15,141.33 | 15,283.67 | 15,434.33 | 15,576.67 | 15,727.33 |
| Camarilla | 15,211.43 | 15,238.28 | 15,265.14 | 15,292.00 | 15,318.86 | 15,345.72 | 15,372.58 |
| Woodie | 14,852.50 | 14,992.75 | 15,145.50 | 15,285.75 | 15,438.50 | 15,578.75 | 15,731.50 |
| Fibonacci | 14,990.67 | 15,102.59 | 15,171.74 | 15,283.67 | 15,395.59 | 15,464.74 | 15,576.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,480.00 | 14,073.00 | 14,498.00 | 15,091.00 | 15,516.00 | 16,109.00 | 16,534.00 |
| Camarilla | 14,643.05 | 14,736.37 | 14,829.68 | 14,923.00 | 15,016.32 | 15,109.63 | 15,202.95 |
| Woodie | 13,396.00 | 14,031.00 | 14,414.00 | 15,049.00 | 15,432.00 | 16,067.00 | 16,450.00 |
| Fibonacci | 14,073.00 | 14,461.88 | 14,702.12 | 15,091.00 | 15,479.88 | 15,720.12 | 16,109.00 |
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): | 61.62 | |
| MACD (12,26,9): | 28.2800 | |
| Directional Movement: | 21.27 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 15,896.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,867.60 | |
| Elder Ray (13): | 14.99 | |
| Super Trend (3,10): | 15,815.97 | |
| Zig ZAG (10): | 15,881.00 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 55.33 | |
| TEMA (21): | 15,882.18 | |
| Williams %R (14): | -46.39 | |
| Chande Momentum Oscillator (20): | -29.00 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.23 |
| MA7: | 15,613.43 | |
| MA20: | 15,231.20 | |
| MA50: | 15,395.36 | |
| MA100: | 15,770.72 | |
| MAexp7: | 15,876.77 | |
| MAexp20: | 15,855.15 | |
| MAexp50: | 15,772.81 | |
| MAexp100: | 15,644.21 | |
| Price / MA7: | +1.73% | |
| Price / MA20: | +4.28% | |
| Price / MA50: | +3.17% | |
| Price / MA100: | +0.71% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | +1.53% |
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.
About author
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