TECDAX30 INDEX - 1H - Technical analysis published on 04/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 3,429.29 EUR
My targets
3,379.68 EUR (-0.71%)
3,364.38 EUR (-1.15%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on TECDAX30 INDEX as long as the price remains well below 3,429.29 EUR. The next bearish objective for sellers is set at 3,379.68 EUR. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 3,364.38 EUR. If there is any crossing, the next objective would be the support located at 3,336.59 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TECDAX30 INDEX price is 3,403.68 EUR. The price is lower by -0.08% since the last closing and was between 3,392.22 EUR and 3,408.69 EUR. This implies that the price is at +0.34% from its lowest and at -0.15% from its highest.3,392.22
3,408.69
3,403.68
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TECDAX30 INDEX:
Near a new HIGH record (1 year)
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
A technical analysis in 1H of this TECDAX30 INDEX chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,364.38 | 3,379.68 | 3,399.59 | 3,403.68 | 3,429.29 | 3,445.34 | 3,472.69 |
| Change (%) | -1.15% | -0.71% | -0.12% | - | +0.75% | +1.22% | +2.03% |
| Change | -39.30 | -24.00 | -4.09 | - | +25.61 | +41.66 | +69.01 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,357.44 | 3,370.74 | 3,388.52 | 3,401.82 | 3,419.60 | 3,432.90 | 3,450.68 |
| Camarilla | 3,397.75 | 3,400.60 | 3,403.45 | 3,406.30 | 3,409.15 | 3,412.00 | 3,414.85 |
| Woodie | 3,359.68 | 3,371.86 | 3,390.76 | 3,402.94 | 3,421.84 | 3,434.02 | 3,452.92 |
| Fibonacci | 3,370.74 | 3,382.61 | 3,389.95 | 3,401.82 | 3,413.69 | 3,421.03 | 3,432.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,363.94 | 3,386.93 | 3,420.65 | 3,443.64 | 3,477.36 | 3,500.35 | 3,534.07 |
| Camarilla | 3,438.79 | 3,443.98 | 3,449.18 | 3,454.38 | 3,459.58 | 3,464.78 | 3,469.98 |
| Woodie | 3,369.32 | 3,389.61 | 3,426.03 | 3,446.32 | 3,482.74 | 3,503.03 | 3,539.45 |
| Fibonacci | 3,386.93 | 3,408.59 | 3,421.97 | 3,443.64 | 3,465.30 | 3,478.68 | 3,500.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,256.30 | 3,310.34 | 3,382.36 | 3,436.40 | 3,508.42 | 3,562.46 | 3,634.48 |
| Camarilla | 3,419.71 | 3,431.27 | 3,442.83 | 3,454.38 | 3,465.94 | 3,477.49 | 3,489.05 |
| Woodie | 3,265.29 | 3,314.84 | 3,391.35 | 3,440.90 | 3,517.41 | 3,566.96 | 3,643.47 |
| Fibonacci | 3,310.34 | 3,358.50 | 3,388.25 | 3,436.40 | 3,484.56 | 3,514.31 | 3,562.46 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.25 | |
| MACD (12,26,9): | -8.9800 | |
| Directional Movement: | -8.39 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 3,394.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,387.31 | |
| Elder Ray (13): | -0.65 | |
| Super Trend (3,10): | 3,420.01 | |
| Zig ZAG (10): | 3,402.66 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 60.31 | |
| TEMA (21): | 3,391.07 | |
| Williams %R (14): | -28.72 | |
| Chande Momentum Oscillator (20): | 6.60 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.38 |
| MA7: | 3,426.03 | |
| MA20: | 3,425.18 | |
| MA50: | 3,399.17 | |
| MA100: | 3,312.72 | |
| MAexp7: | 3,400.31 | |
| MAexp20: | 3,406.64 | |
| MAexp50: | 3,418.17 | |
| MAexp100: | 3,420.55 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | +0.13% | |
| Price / MA100: | +2.75% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.49% |
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.
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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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