DAX40 FULL0624 - 1H - Technical analysis published on 11/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 15,560.00 EUR
My targets
15,809.08 EUR (+0.61%)
16,022.54 EUR (+1.96%)
My analysis
The bullish trend is currently very strong on DAX40 FULL1223. As long as the price remains above the support at 15,560.00 EUR, you could try to benefit from the boom. The first bullish objective is located at 15,809.08 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16,022.54 EUR as an objective. Crossing it would then enable buyers to target 16,368.33 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.9
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This analysis was given by ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 FULL1223 price is 15,714.00 EUR. On the day, this instrument gained +0.24% and was between 15,665.00 EUR and 15,778.00 EUR. This implies that the price is at +0.31% from its lowest and at -0.41% from its highest.15,665.00
15,778.00
15,714.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DAX40 FULL1223 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,388.29 | 15,560.00 | 15,690.00 | 15,714.00 | 15,809.08 | 16,022.54 | 16,368.33 |
| Change (%) | -2.07% | -0.98% | -0.15% | - | +0.61% | +1.96% | +4.16% |
| Change | -325.71 | -154.00 | -24.00 | - | +95.08 | +308.54 | +654.33 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | 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 | 15,175.67 | 15,281.33 | 15,478.67 | 15,584.33 | 15,781.67 | 15,887.33 | 16,084.67 |
| Camarilla | 15,592.68 | 15,620.45 | 15,648.23 | 15,676.00 | 15,703.78 | 15,731.55 | 15,759.33 |
| Woodie | 15,221.50 | 15,304.25 | 15,524.50 | 15,607.25 | 15,827.50 | 15,910.25 | 16,130.50 |
| Fibonacci | 15,281.33 | 15,397.08 | 15,468.59 | 15,584.33 | 15,700.08 | 15,771.59 | 15,887.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,848.33 | 14,990.67 | 15,141.33 | 15,283.67 | 15,434.33 | 15,576.67 | 15,727.33 |
| Camarilla | 15,211.43 | 15,238.28 | 15,265.14 | 15,292.00 | 15,318.86 | 15,345.72 | 15,372.58 |
| Woodie | 14,852.50 | 14,992.75 | 15,145.50 | 15,285.75 | 15,438.50 | 15,578.75 | 15,731.50 |
| Fibonacci | 14,990.67 | 15,102.59 | 15,171.74 | 15,283.67 | 15,395.59 | 15,464.74 | 15,576.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,480.00 | 14,073.00 | 14,498.00 | 15,091.00 | 15,516.00 | 16,109.00 | 16,534.00 |
| Camarilla | 14,643.05 | 14,736.37 | 14,829.68 | 14,923.00 | 15,016.32 | 15,109.63 | 15,202.95 |
| Woodie | 13,396.00 | 14,031.00 | 14,414.00 | 15,049.00 | 15,432.00 | 16,067.00 | 16,450.00 |
| Fibonacci | 14,073.00 | 14,461.88 | 14,702.12 | 15,091.00 | 15,479.88 | 15,720.12 | 16,109.00 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.65 | |
| MACD (12,26,9): | 70.8300 | |
| Directional Movement: | 36.55 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 15,743.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,684.00 | |
| Elder Ray (13): | 70.95 | |
| Super Trend (3,10): | 15,654.32 | |
| Zig ZAG (10): | 15,735.00 | |
| VORTEX (21): | 1.3800 | |
| Stochastique (14,3,5): | 80.42 | |
| TEMA (21): | 15,759.61 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 78.00 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.41 |
| MA7: | 15,429.14 | |
| MA20: | 15,137.20 | |
| MA50: | 15,395.62 | |
| MA100: | 15,779.66 | |
| MAexp7: | 15,713.62 | |
| MAexp20: | 15,648.57 | |
| MAexp50: | 15,533.73 | |
| MAexp100: | 15,430.19 | |
| Price / MA7: | +1.85% | |
| Price / MA20: | +3.81% | |
| Price / MA50: | +2.07% | |
| Price / MA100: | -0.42% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +1.16% | |
| Price / MAexp100: | +1.84% |
Quotes :
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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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