HDAX110 PERF INDEX - Daily - Technical analysis published on 06/26/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under 8,800.01 EUR
My targets
8,196.40 EUR (-4.11%)
7,904.44 EUR (-7.52%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for HDAX110 PERF INDEX as long as the price remains well below 8,800.01 EUR. The sellers' bearish objective is set at 8,196.40 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7,904.44 EUR. If there is any crossing, the next objective would be the support located at 7,698.50 EUR.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.5
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.
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Additional analysis
Quotes
The HDAX110 PERF INDEX price is 8,547.39 EUR. The price registered a decrease of -0.03% on the session and was between 8,489.92 EUR and 8,570.53 EUR. This implies that the price is at +0.68% from its lowest and at -0.27% from its highest.8,489.92
8,570.53
8,547.39
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HDAX110 PERF INDEX:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of HDAX110 PERF INDEX in Daily shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 7,698.50 | 7,904.44 | 8,467.09 | 8,547.39 | 8,800.01 | 9,053.08 |
| Change (%) | -9.93% | -7.52% | -0.94% | - | +2.96% | +5.92% |
| Change | -848.89 | -642.95 | -80.30 | - | +252.62 | +505.69 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major |
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 | 8,380.64 | 8,440.24 | 8,494.90 | 8,554.50 | 8,609.16 | 8,668.76 | 8,723.42 |
| Camarilla | 8,518.15 | 8,528.62 | 8,539.10 | 8,549.57 | 8,560.04 | 8,570.52 | 8,580.99 |
| Woodie | 8,378.18 | 8,439.01 | 8,492.44 | 8,553.27 | 8,606.70 | 8,667.53 | 8,720.96 |
| Fibonacci | 8,440.24 | 8,483.88 | 8,510.85 | 8,554.50 | 8,598.14 | 8,625.11 | 8,668.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,132.50 | 8,316.16 | 8,432.87 | 8,616.53 | 8,733.24 | 8,916.90 | 9,033.61 |
| Camarilla | 8,466.97 | 8,494.50 | 8,522.04 | 8,549.57 | 8,577.10 | 8,604.64 | 8,632.17 |
| Woodie | 8,099.02 | 8,299.42 | 8,399.39 | 8,599.79 | 8,699.76 | 8,900.16 | 9,000.13 |
| Fibonacci | 8,316.16 | 8,430.91 | 8,501.79 | 8,616.53 | 8,731.28 | 8,802.16 | 8,916.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,948.14 | 8,196.40 | 8,329.08 | 8,577.34 | 8,710.02 | 8,958.28 | 9,090.96 |
| Camarilla | 8,357.01 | 8,391.93 | 8,426.85 | 8,461.77 | 8,496.69 | 8,531.61 | 8,566.53 |
| Woodie | 7,890.36 | 8,167.51 | 8,271.30 | 8,548.45 | 8,652.24 | 8,929.39 | 9,033.18 |
| Fibonacci | 8,196.40 | 8,341.92 | 8,431.82 | 8,577.34 | 8,722.86 | 8,812.76 | 8,958.28 |
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): | 42.00 | |
| MACD (12,26,9): | 2.1700 | |
| Directional Movement: | -10.52 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 8,667.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,844.58 | |
| Elder Ray (13): | -121.66 | |
| Super Trend (3,10): | 8,790.27 | |
| Zig ZAG (10): | 8,550.96 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 19.75 | |
| TEMA (21): | 8,638.08 | |
| Williams %R (14): | -84.35 | |
| Chande Momentum Oscillator (20): | -91.88 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.98 |
| MA7: | 8,658.97 | |
| MA20: | 8,655.42 | |
| MA50: | 8,629.99 | |
| MA100: | 8,500.56 | |
| MAexp7: | 8,627.14 | |
| MAexp20: | 8,653.50 | |
| MAexp50: | 8,600.41 | |
| MAexp100: | 8,447.63 | |
| Price / MA7: | -1.29% | |
| Price / MA20: | -1.25% | |
| Price / MA50: | -0.96% | |
| Price / MA100: | +0.55% | |
| Price / MAexp7: | -0.92% | |
| Price / MAexp20: | -1.23% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | +1.18% |
Quotes :
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15 min delayed data
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Germany Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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