SHORTDAX X2 TR - Daily - Technical analysis published on 08/03/2023 (GMT)
- 103
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
67%
11%
22%
My opinion
Neutral between 124.28 EUR and 130.68 EUR
My targets
-
My analysis
The short-term increase on SHORTDAX X2 TR remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 130.68 EUR. The first support is located at 124.28 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SHORTDAX X2 TR rating is 128.38 EUR. On the day, this instrument gained +1.91% and was traded between 127.58 EUR and 129.35 EUR over the period. The price is currently at +0.63% from its lowest and -0.75% from its highest.127.58
129.35
128.38
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
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:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SHORTDAX X2 TR chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Upside gap
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 120.47 | 128.38 | 130.68 | 151.79 | 170.85 |
| Change (%) | -6.16% | - | +1.79% | +18.23% | +33.08% |
| Change | -7.91 | - | +2.30 | +23.41 | +42.47 |
| Level | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.64 | 122.90 | 124.44 | 125.70 | 127.24 | 128.50 | 130.04 |
| Camarilla | 125.21 | 125.47 | 125.72 | 125.98 | 126.24 | 126.49 | 126.75 |
| Woodie | 121.78 | 122.97 | 124.58 | 125.77 | 127.38 | 128.57 | 130.18 |
| Fibonacci | 122.90 | 123.97 | 124.63 | 125.70 | 126.77 | 127.43 | 128.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.21 | 114.03 | 116.60 | 121.42 | 123.99 | 128.81 | 131.38 |
| Camarilla | 117.13 | 117.81 | 118.48 | 119.16 | 119.84 | 120.52 | 121.19 |
| Woodie | 108.08 | 113.47 | 115.47 | 120.86 | 122.86 | 128.25 | 130.25 |
| Fibonacci | 114.03 | 116.86 | 118.60 | 121.42 | 124.25 | 125.99 | 128.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.25 | 107.82 | 113.71 | 124.28 | 130.17 | 140.74 | 146.63 |
| Camarilla | 115.06 | 116.57 | 118.08 | 119.59 | 121.10 | 122.61 | 124.12 |
| Woodie | 94.90 | 106.65 | 111.36 | 123.11 | 127.82 | 139.57 | 144.28 |
| Fibonacci | 107.82 | 114.11 | 118.00 | 124.28 | 130.57 | 134.46 | 140.74 |
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): | 58.63 | |
| MACD (12,26,9): | -0.5600 | |
| Directional Movement: | 15.18 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 123.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 118.57 | |
| Elder Ray (13): | 4.55 | |
| Super Trend (3,10): | 120.26 | |
| Zig ZAG (10): | 128.28 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 77.45 | |
| TEMA (21): | 123.25 | |
| Williams %R (14): | -9.86 | |
| Chande Momentum Oscillator (20): | 4.17 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 4.78 |
| MA7: | 122.84 | |
| MA20: | 124.62 | |
| MA50: | 125.25 | |
| MA100: | 127.87 | |
| MAexp7: | 124.16 | |
| MAexp20: | 124.21 | |
| MAexp50: | 125.48 | |
| MAexp100: | 129.81 | |
| Price / MA7: | +4.51% | |
| Price / MA20: | +3.02% | |
| Price / MA50: | +2.50% | |
| Price / MA100: | +0.40% | |
| Price / MAexp7: | +3.40% | |
| Price / MAexp20: | +3.36% | |
| Price / MAexp50: | +2.31% | |
| Price / MAexp100: | -1.10% |
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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