TECDAX30 FULL0624 - Daily - Technical analysis published on 03/25/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 3,277.90 EUR
My targets
3,493.50 EUR (+4.35%)
3,588.00 EUR (+7.17%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 3,277.90 EUR remains possible. It is advisable to trade TECDAX30 FULL0621 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3,277.90 EUR. The next bullish objective for buyers is set at 3,493.50 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,588.00 EUR. PS: if there is a bearish break in the support located at 3,277.90 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.9
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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
The TECDAX30 FULL0621 rating is 3,348.00 EUR. The price is lower by -0.80% since the last closing and was between 3,327.50 EUR and 3,364.00 EUR. This implies that the price is at +0.62% from its lowest and at -0.48% from its highest.3,327.50
3,364.00
3,348.00
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TECDAX30 FULL0621 chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,979.83 | 3,039.00 | 3,277.90 | 3,348.00 | 3,378.50 | 3,493.50 | 3,588.00 |
| Change (%) | -11.00% | -9.23% | -2.09% | - | +0.91% | +4.35% | +7.17% |
| Change | -368.17 | -309.00 | -70.10 | - | +30.50 | +145.50 | +240.00 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | 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 | 3,320.33 | 3,347.67 | 3,361.33 | 3,388.67 | 3,402.33 | 3,429.67 | 3,443.33 |
| Camarilla | 3,363.73 | 3,367.48 | 3,371.24 | 3,375.00 | 3,378.76 | 3,382.52 | 3,386.28 |
| Woodie | 3,313.50 | 3,344.25 | 3,354.50 | 3,385.25 | 3,395.50 | 3,426.25 | 3,436.50 |
| Fibonacci | 3,347.67 | 3,363.33 | 3,373.01 | 3,388.67 | 3,404.33 | 3,414.01 | 3,429.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,230.00 | 3,268.50 | 3,325.00 | 3,363.50 | 3,420.00 | 3,458.50 | 3,515.00 |
| Camarilla | 3,355.38 | 3,364.08 | 3,372.79 | 3,381.50 | 3,390.21 | 3,398.92 | 3,407.63 |
| Woodie | 3,239.00 | 3,273.00 | 3,334.00 | 3,368.00 | 3,429.00 | 3,463.00 | 3,524.00 |
| Fibonacci | 3,268.50 | 3,304.79 | 3,327.21 | 3,363.50 | 3,399.79 | 3,422.21 | 3,458.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,702.33 | 2,928.17 | 3,121.33 | 3,347.17 | 3,540.33 | 3,766.17 | 3,959.33 |
| Camarilla | 3,199.28 | 3,237.68 | 3,276.09 | 3,314.50 | 3,352.91 | 3,391.32 | 3,429.73 |
| Woodie | 2,686.00 | 2,920.00 | 3,105.00 | 3,339.00 | 3,524.00 | 3,758.00 | 3,943.00 |
| Fibonacci | 2,928.17 | 3,088.23 | 3,187.11 | 3,347.17 | 3,507.23 | 3,606.11 | 3,766.17 |
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): | 49.29 | |
| MACD (12,26,9): | 5.2000 | |
| Directional Movement: | -7.31 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 3,357.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,297.47 | |
| Elder Ray (13): | -11.75 | |
| Super Trend (3,10): | 3,245.66 | |
| Zig ZAG (10): | 3,348.00 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 77.74 | |
| TEMA (21): | 3,356.16 | |
| Williams %R (14): | -34.54 | |
| Chande Momentum Oscillator (20): | 68.50 | |
| Repulse (5,40,3): | -0.7900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 5.78 |
| MA7: | 3,377.36 | |
| MA20: | 3,324.43 | |
| MA50: | 3,372.97 | |
| MA100: | 3,224.11 | |
| MAexp7: | 3,367.92 | |
| MAexp20: | 3,354.57 | |
| MAexp50: | 3,330.73 | |
| MAexp100: | 3,256.05 | |
| Price / MA7: | -0.87% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | -0.74% | |
| Price / MA100: | +3.84% | |
| Price / MAexp7: | -0.59% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +2.82% |
Quotes :
2021-03-25 11:15:07
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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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