TECDAX30 FULL0624 - Daily - Technical analysis published on 12/09/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 3,039.00 EUR
My targets
3,167.50 EUR (+1.23%)
3,271.60 EUR (+4.56%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on TECDAX30 FULL1220. This is a positive signal for buyers. As long as the price remains above 3,039.00 EUR, a purchase could be considered. The first bullish objective is located at 3,167.50 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3,271.60 EUR as an objective. In the event of a return below 3,039.00 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TECDAX30 FULL1220 rating 3,129.00 EUR. The price registered a decrease of -0.26% on the session and was between 3,129.00 EUR and 3,179.50 EUR. This implies that the price is at 0% from its lowest and at -1.59% from its highest.3,129.00
3,179.50
3,129.00
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 (5 years)
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 TECDAX30 FULL1220 in Daily shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2,718.50 | 2,800.67 | 3,039.00 | 3,129.00 | 3,167.50 | 3,271.60 |
| Change (%) | -13.12% | -10.49% | -2.88% | - | +1.23% | +4.56% |
| Change | -410.50 | -328.33 | -90.00 | - | +38.50 | +142.60 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,101.50 | 3,109.00 | 3,123.00 | 3,130.50 | 3,144.50 | 3,152.00 | 3,166.00 |
| Camarilla | 3,131.09 | 3,133.06 | 3,135.03 | 3,137.00 | 3,138.97 | 3,140.94 | 3,142.91 |
| Woodie | 3,104.75 | 3,110.63 | 3,126.25 | 3,132.13 | 3,147.75 | 3,153.63 | 3,169.25 |
| Fibonacci | 3,109.00 | 3,117.21 | 3,122.29 | 3,130.50 | 3,138.71 | 3,143.79 | 3,152.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,949.00 | 3,010.50 | 3,060.50 | 3,122.00 | 3,172.00 | 3,233.50 | 3,283.50 |
| Camarilla | 3,079.84 | 3,090.06 | 3,100.28 | 3,110.50 | 3,120.72 | 3,130.94 | 3,141.16 |
| Woodie | 2,943.25 | 3,007.63 | 3,054.75 | 3,119.13 | 3,166.25 | 3,230.63 | 3,277.75 |
| Fibonacci | 3,010.50 | 3,053.09 | 3,079.41 | 3,122.00 | 3,164.59 | 3,190.91 | 3,233.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,540.17 | 2,678.33 | 2,907.17 | 3,045.33 | 3,274.17 | 3,412.33 | 3,641.17 |
| Camarilla | 3,035.08 | 3,068.72 | 3,102.36 | 3,136.00 | 3,169.64 | 3,203.28 | 3,236.93 |
| Woodie | 2,585.50 | 2,701.00 | 2,952.50 | 3,068.00 | 3,319.50 | 3,435.00 | 3,686.50 |
| Fibonacci | 2,678.33 | 2,818.53 | 2,905.14 | 3,045.33 | 3,185.53 | 3,272.14 | 3,412.33 |
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): | 59.47 | |
| MACD (12,26,9): | 29.8100 | |
| Directional Movement: | 20.24 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 3,109.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,044.93 | |
| Elder Ray (13): | 61.19 | |
| Super Trend (3,10): | 3,026.87 | |
| Zig ZAG (10): | 3,129.00 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 69.01 | |
| TEMA (21): | 3,137.88 | |
| Williams %R (14): | -33.54 | |
| Chande Momentum Oscillator (20): | 66.50 | |
| Repulse (5,40,3): | -0.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 6.02 |
| MA7: | 3,107.79 | |
| MA20: | 3,069.15 | |
| MA50: | 3,047.62 | |
| MA100: | 3,059.19 | |
| MAexp7: | 3,113.54 | |
| MAexp20: | 3,075.66 | |
| MAexp50: | 3,053.90 | |
| MAexp100: | 3,046.26 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | +1.95% | |
| Price / MA50: | +2.67% | |
| Price / MA100: | +2.28% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +1.73% | |
| Price / MAexp50: | +2.46% | |
| Price / MAexp100: | +2.72% |
Quotes :
2020-12-09 11:15:05
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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.
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