SHORTDAX TR - Daily - Technical analysis published on 10/31/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 1,726.57 EUR
My targets
1,633.81 EUR (-3.96%)
1,568.36 EUR (-7.81%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SHORTDAX TR as long as the price remains well below 1,726.57 EUR. The sellers' bearish objective is set at 1,633.81 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,568.36 EUR. In case of crossing, the next objective would be the support located at 1,519.78 EUR.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.4
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 TR rating is 1,701.19 EUR. The price registered a decrease of -0.01% on the session with the lowest point at 1,699.51 EUR and the highest point at 1,703.23 EUR. The deviation from the price is +0.10% for the low point and -0.12% for the high point.1,699.51
1,703.23
1,701.19
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
Here is a more detailed summary of the historical variations registered by SHORTDAX TR:
Technical
Technical analysis of SHORTDAX TR in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish doji star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,568.36 | 1,633.81 | 1,687.62 | 1,701.19 | 1,726.57 | 1,770.55 | 1,837.39 |
| Change (%) | -7.81% | -3.96% | -0.80% | - | +1.49% | +4.08% | +8.01% |
| Change | -132.83 | -67.38 | -13.57 | - | +25.38 | +69.36 | +136.20 |
| Level | Major | Minor | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,666.68 | 1,683.53 | 1,692.43 | 1,709.28 | 1,718.18 | 1,735.03 | 1,743.93 |
| Camarilla | 1,694.25 | 1,696.61 | 1,698.97 | 1,701.33 | 1,703.69 | 1,706.05 | 1,708.41 |
| Woodie | 1,662.71 | 1,681.54 | 1,688.46 | 1,707.29 | 1,714.21 | 1,733.04 | 1,739.96 |
| Fibonacci | 1,683.53 | 1,693.37 | 1,699.44 | 1,709.28 | 1,719.12 | 1,725.19 | 1,735.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,608.69 | 1,653.94 | 1,677.63 | 1,722.88 | 1,746.57 | 1,791.82 | 1,815.51 |
| Camarilla | 1,682.37 | 1,688.69 | 1,695.01 | 1,701.33 | 1,707.65 | 1,713.97 | 1,720.29 |
| Woodie | 1,597.92 | 1,648.55 | 1,666.86 | 1,717.49 | 1,735.80 | 1,786.43 | 1,804.74 |
| Fibonacci | 1,653.94 | 1,680.27 | 1,696.54 | 1,722.88 | 1,749.21 | 1,765.48 | 1,791.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,483.63 | 1,575.38 | 1,719.64 | 1,811.39 | 1,955.65 | 2,047.40 | 2,191.66 |
| Camarilla | 1,799.00 | 1,820.63 | 1,842.27 | 1,863.90 | 1,885.53 | 1,907.17 | 1,928.80 |
| Woodie | 1,509.89 | 1,588.51 | 1,745.90 | 1,824.52 | 1,981.91 | 2,060.53 | 2,217.92 |
| Fibonacci | 1,575.38 | 1,665.54 | 1,721.23 | 1,811.39 | 1,901.55 | 1,957.24 | 2,047.40 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.33 | |
| MACD (12,26,9): | -23.5600 | |
| Directional Movement: | -10.88 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 1,736.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,769.46 | |
| Elder Ray (13): | -42.62 | |
| Super Trend (3,10): | 1,792.78 | |
| Zig ZAG (10): | 1,701.31 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 1.96 | |
| TEMA (21): | 1,704.45 | |
| Williams %R (14): | -98.96 | |
| Chande Momentum Oscillator (20): | -123.30 | |
| Repulse (5,40,3): | -2.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 11.76 |
| MA7: | 1,721.96 | |
| MA20: | 1,776.61 | |
| MA50: | 1,775.68 | |
| MA100: | 1,750.26 | |
| MAexp7: | 1,721.42 | |
| MAexp20: | 1,759.20 | |
| MAexp50: | 1,764.12 | |
| MAexp100: | 1,739.53 | |
| Price / MA7: | -1.21% | |
| Price / MA20: | -4.25% | |
| Price / MA50: | -4.20% | |
| Price / MA100: | -2.80% | |
| Price / MAexp7: | -1.18% | |
| Price / MAexp20: | -3.30% | |
| Price / MAexp50: | -3.57% | |
| Price / MAexp100: | -2.20% |
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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