DAX40 FULL0624 - 15 min. - Technical analysis published on 03/18/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 18,249.67 EUR
My targets
18,171.33 EUR (-0.17%)
18,101.67 EUR (-0.56%)
My analysis
The bearish trend is currently very strong for DAX40 FULL0624. As long as the price remains below the resistance at 18,249.67 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 18,171.33 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18,101.67 EUR as an objective. Crossing it would then enable sellers to target 18,023.33 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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This analysis was given by J luis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX40 FULL0624 rating 18,203.00 EUR. The price registered a decrease of -0.21% on the session and was traded between 18,185.00 EUR and 18,295.00 EUR over the period. The price is currently at +0.10% from its lowest and -0.50% from its highest.18,185.00
18,295.00
18,203.00
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this DAX40 FULL0624 chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17,961.00 | 18,069.00 | 18,160.44 | 18,203.00 | 18,213.00 | 18,296.00 | 18,328.67 |
| Change (%) | -1.33% | -0.74% | -0.23% | - | +0.05% | +0.51% | +0.69% |
| Change | -242.00 | -134.00 | -42.56 | - | +10.00 | +93.00 | +125.67 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,023.33 | 18,101.67 | 18,171.33 | 18,249.67 | 18,319.33 | 18,397.67 | 18,467.33 |
| Camarilla | 18,200.30 | 18,213.87 | 18,227.43 | 18,241.00 | 18,254.57 | 18,268.13 | 18,281.70 |
| Woodie | 18,019.00 | 18,099.50 | 18,167.00 | 18,247.50 | 18,315.00 | 18,395.50 | 18,463.00 |
| Fibonacci | 18,101.67 | 18,158.20 | 18,193.13 | 18,249.67 | 18,306.20 | 18,341.13 | 18,397.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,657.00 | 17,809.00 | 18,025.00 | 18,177.00 | 18,393.00 | 18,545.00 | 18,761.00 |
| Camarilla | 18,139.80 | 18,173.53 | 18,207.27 | 18,241.00 | 18,274.73 | 18,308.47 | 18,342.20 |
| Woodie | 17,689.00 | 17,825.00 | 18,057.00 | 18,193.00 | 18,425.00 | 18,561.00 | 18,793.00 |
| Fibonacci | 17,809.00 | 17,949.58 | 18,036.42 | 18,177.00 | 18,317.58 | 18,404.42 | 18,545.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,514.00 | 16,825.00 | 17,447.00 | 17,758.00 | 18,380.00 | 18,691.00 | 19,313.00 |
| Camarilla | 17,812.43 | 17,897.95 | 17,983.48 | 18,069.00 | 18,154.53 | 18,240.05 | 18,325.58 |
| Woodie | 16,669.50 | 16,902.75 | 17,602.50 | 17,835.75 | 18,535.50 | 18,768.75 | 19,468.50 |
| Fibonacci | 16,825.00 | 17,181.41 | 17,401.59 | 17,758.00 | 18,114.41 | 18,334.59 | 18,691.00 |
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): | 35.22 | |
| MACD (12,26,9): | -8.5500 | |
| Directional Movement: | -17.53 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 18,243.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 18,273.35 | |
| Elder Ray (13): | -29.84 | |
| Super Trend (3,10): | 18,273.70 | |
| Zig ZAG (10): | 18,204.00 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 15.25 | |
| TEMA (21): | 18,232.69 | |
| Williams %R (14): | -97.70 | |
| Chande Momentum Oscillator (20): | -57.00 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.33 |
| MA7: | 18,198.71 | |
| MA20: | 17,987.60 | |
| MA50: | 17,530.38 | |
| MA100: | 17,049.51 | |
| MAexp7: | 18,235.33 | |
| MAexp20: | 18,254.86 | |
| MAexp50: | 18,261.39 | |
| MAexp100: | 18,260.06 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +1.20% | |
| Price / MA50: | +3.84% | |
| Price / MA100: | +6.77% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -0.31% |
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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