TECDAX30 INDEX

- EUR (-)

- 15 min delayed data - Germany Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	TDXP
ISIN:	DE0007203275

TECDAX30 INDEX - Weekly - Technical analysis published on 10/17/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

72%

22%

My opinion

Bearish under 3,039.48 EUR

My targets

2,813.38 EUR (-4.42%)

2,611.41 EUR (-11.28%)

My analysis

TECDAX30 INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3,039.48 EUR. The next support located at 2,813.38 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,611.41 EUR. Below this support, sellers could then target 2,202.23 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.5

Comment on the analysis

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 Liongate78. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TECDAX30 INDEX price is 2,943.35 EUR. Over 5 days, this instrument lost -3.30% and has been traded over the last 5 days between 2,923.13 EUR and 3,028.54 EUR. This implies that the 5 day price is +0.69% from its lowest point and -2.81% from its highest point.

2,923.13

3,028.54

2,943.35

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of TECDAX30 INDEX indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish doji star

Type : Bullish

Timeframe : Weekly

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,202.23	2,611.41	2,813.38	2,943.35	3,039.48	3,338.57	3,583.38
Change (%)	-25.18%	-11.28%	-4.42%	-	+3.27%	+13.43%	+21.74%
Change	-741.12	-331.94	-129.97	-	+96.13	+395.22	+640.03
Level	Major	Major	Intermediate	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,899.44	2,911.29	2,926.25	2,938.10	2,953.06	2,964.91	2,979.87
Camarilla	2,933.85	2,936.31	2,938.76	2,941.22	2,943.68	2,946.14	2,948.59
Woodie	2,901.01	2,912.07	2,927.82	2,938.88	2,954.63	2,965.69	2,981.44
Fibonacci	2,911.29	2,921.53	2,927.86	2,938.10	2,948.34	2,954.67	2,964.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,797.08	2,872.16	2,909.71	2,984.79	3,022.34	3,097.42	3,134.97
Camarilla	2,916.28	2,926.60	2,936.93	2,947.25	2,957.57	2,967.90	2,978.22
Woodie	2,778.31	2,862.78	2,890.94	2,975.41	3,003.57	3,088.04	3,116.20
Fibonacci	2,872.16	2,915.19	2,941.77	2,984.79	3,027.82	3,054.40	3,097.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,700.94	2,830.26	2,925.02	3,054.34	3,149.10	3,278.42	3,373.18
Camarilla	2,958.16	2,978.70	2,999.24	3,019.78	3,040.32	3,060.86	3,081.40
Woodie	2,683.66	2,821.62	2,907.74	3,045.70	3,131.82	3,269.78	3,355.90
Fibonacci	2,830.26	2,915.86	2,968.74	3,054.34	3,139.94	3,192.82	3,278.42

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):	37.23
MACD (12,26,9):	-57.4200
Directional Movement:	-11.51
AROON (14):	-85.71
DEMA (21):	3,032.46
Parabolic SAR (0,02-0,02-0,2):	3,226.67
Elder Ray (13):	-121.34
Super Trend (3,10):	3,242.23
Zig ZAG (10):	2,943.72
VORTEX (21):	0.8700
Stochastique (14,3,5):	8.00
TEMA (21):	2,972.44
Williams %R (14):	-95.00
Chande Momentum Oscillator (20):	-358.81
Repulse (5,40,3):	-2.7700
ROCnROLL:	2
TRIX (15,9):	-0.1400
Courbe Coppock:	11.66

MA7:	2,988.72
MA20:	2,994.27
MA50:	3,064.65
MA100:	3,132.86
MAexp7:	3,010.28
MAexp20:	3,093.84
MAexp50:	3,136.77
MAexp100:	3,166.44
Price / MA7:	-1.52%
Price / MA20:	-1.70%
Price / MA50:	-3.96%
Price / MA100:	-6.05%
Price / MAexp7:	-2.22%
Price / MAexp20:	-4.86%
Price / MAexp50:	-6.17%
Price / MAexp100:	-7.05%

Quotes : - 15 min delayed data - Germany Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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