CDAX PERF INDEX - Daily - Technical analysis published on 04/19/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1,357.57 EUR
My targets
1,475.27 EUR (+4.75%)
1,525.31 EUR (+8.30%)
My analysis
The bullish trend is currently very strong on CDAX PERF INDEX. As long as the price remains above the support at 1,357.57 EUR, you could try to benefit from the boom. The first bullish objective is located at 1,475.27 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,525.31 EUR as an objective. 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.
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
8.6
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
CDAX PERF INDEX rating 1,408.42 EUR. On the day, this instrument lost -0.01% and was between 1,402.30 EUR and 1,409.75 EUR. This implies that the price is at +0.44% from its lowest and at -0.09% from its highest.1,402.30
1,409.75
1,408.42
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 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
A technical analysis in Daily of this CDAX PERF INDEX chart shows a strongly 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 scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1,110.53 | 1,270.00 | 1,398.29 | 1,408.42 | 1,525.31 |
| Change (%) | -21.15% | -9.83% | -0.72% | - | +8.30% |
| Change | -297.89 | -138.42 | -10.13 | - | +116.89 |
| Level | Major | Major | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,396.45 | 1,399.37 | 1,403.90 | 1,406.82 | 1,411.35 | 1,414.27 | 1,418.80 |
| Camarilla | 1,406.37 | 1,407.05 | 1,407.74 | 1,408.42 | 1,409.10 | 1,409.79 | 1,410.47 |
| Woodie | 1,397.25 | 1,399.77 | 1,404.70 | 1,407.22 | 1,412.15 | 1,414.67 | 1,419.60 |
| Fibonacci | 1,399.37 | 1,402.22 | 1,403.98 | 1,406.82 | 1,409.67 | 1,411.43 | 1,414.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,367.18 | 1,375.35 | 1,388.60 | 1,396.77 | 1,410.02 | 1,418.19 | 1,431.44 |
| Camarilla | 1,395.97 | 1,397.93 | 1,399.90 | 1,401.86 | 1,403.82 | 1,405.79 | 1,407.75 |
| Woodie | 1,369.73 | 1,376.62 | 1,391.15 | 1,398.04 | 1,412.57 | 1,419.46 | 1,433.99 |
| Fibonacci | 1,375.35 | 1,383.53 | 1,388.58 | 1,396.77 | 1,404.95 | 1,410.00 | 1,418.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,195.58 | 1,239.87 | 1,313.28 | 1,357.57 | 1,430.98 | 1,475.27 | 1,548.68 |
| Camarilla | 1,354.31 | 1,365.10 | 1,375.89 | 1,386.68 | 1,397.47 | 1,408.26 | 1,419.05 |
| Woodie | 1,210.13 | 1,247.15 | 1,327.83 | 1,364.85 | 1,445.53 | 1,482.55 | 1,563.23 |
| Fibonacci | 1,239.87 | 1,284.84 | 1,312.61 | 1,357.57 | 1,402.54 | 1,430.31 | 1,475.27 |
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): | 63.63 | |
| MACD (12,26,9): | 12.4900 | |
| Directional Movement: | 11.25 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1,395.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,375.85 | |
| Elder Ray (13): | 16.93 | |
| Super Trend (3,10): | 1,362.79 | |
| Zig ZAG (10): | 1,408.42 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 91.62 | |
| TEMA (21): | 1,405.02 | |
| Williams %R (14): | -6.35 | |
| Chande Momentum Oscillator (20): | 30.97 | |
| Repulse (5,40,3): | 0.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 7.42 |
| MA7: | 1,398.38 | |
| MA20: | 1,374.33 | |
| MA50: | 1,372.11 | |
| MA100: | 1,335.59 | |
| MAexp7: | 1,398.60 | |
| MAexp20: | 1,381.94 | |
| MAexp50: | 1,365.00 | |
| MAexp100: | 1,333.93 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +2.48% | |
| Price / MA50: | +2.65% | |
| Price / MA100: | +5.45% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +1.92% | |
| Price / MAexp50: | +3.18% | |
| Price / MAexp100: | +5.58% |
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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