DAX40 FULL0624 - 15 min. - Technical analysis published on 04/24/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
28%
50%
My opinion
Bearish under 18,436.33 EUR
My targets
18,289.67 EUR (-0.47%)
18,199.33 EUR (-0.96%)
My analysis
The strong short-term decline in DAX40 FULL0624 calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 18,436.33 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 18,289.67 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18,199.33 EUR as an objective. Crossing it would then enable sellers to target 18,052.67 EUR. Be careful, a return to above 18,436.33 EUR could jeopardize the reversal.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.2
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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 18,376.00 EUR. On the day, this instrument gained +0.16% and was between 18,366.00 EUR and 18,439.00 EUR. This implies that the price is at +0.05% from its lowest and at -0.34% from its highest.18,366.00
18,439.00
18,376.00
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
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 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
Technical analysis of DAX40 FULL0624 in 15 min. shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
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 engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 17,931.40 | 18,186.00 | 18,287.00 | 18,376.00 | 18,424.00 | 18,812.00 |
| Change (%) | -2.42% | -1.03% | -0.48% | - | +0.26% | +2.37% |
| Change | -444.60 | -190.00 | -89.00 | - | +48.00 | +436.00 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,962.33 | 18,052.67 | 18,199.33 | 18,289.67 | 18,436.33 | 18,526.67 | 18,673.33 |
| Camarilla | 18,280.83 | 18,302.55 | 18,324.28 | 18,346.00 | 18,367.73 | 18,389.45 | 18,411.18 |
| Woodie | 17,990.50 | 18,066.75 | 18,227.50 | 18,303.75 | 18,464.50 | 18,540.75 | 18,701.50 |
| Fibonacci | 18,052.67 | 18,143.20 | 18,199.13 | 18,289.67 | 18,380.20 | 18,436.13 | 18,526.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,745.33 | 17,176.67 | 17,561.33 | 17,992.67 | 18,377.33 | 18,808.67 | 19,193.33 |
| Camarilla | 17,721.60 | 17,796.40 | 17,871.20 | 17,946.00 | 18,020.80 | 18,095.60 | 18,170.40 |
| Woodie | 16,722.00 | 17,165.00 | 17,538.00 | 17,981.00 | 18,354.00 | 18,797.00 | 19,170.00 |
| Fibonacci | 17,176.67 | 17,488.38 | 17,680.96 | 17,992.67 | 18,304.38 | 18,496.96 | 18,808.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,328.33 | 17,626.67 | 18,215.33 | 18,513.67 | 19,102.33 | 19,400.67 | 19,989.33 |
| Camarilla | 18,560.08 | 18,641.38 | 18,722.69 | 18,804.00 | 18,885.31 | 18,966.62 | 19,047.93 |
| Woodie | 17,473.50 | 17,699.25 | 18,360.50 | 18,586.25 | 19,247.50 | 19,473.25 | 20,134.50 |
| Fibonacci | 17,626.67 | 17,965.50 | 18,174.83 | 18,513.67 | 18,852.50 | 19,061.83 | 19,400.67 |
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): | 45.89 | |
| MACD (12,26,9): | -3.2000 | |
| Directional Movement: | -3.71 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 18,389.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 18,412.25 | |
| Elder Ray (13): | -3.58 | |
| Super Trend (3,10): | 18,438.37 | |
| Zig ZAG (10): | 18,388.00 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 36.61 | |
| TEMA (21): | 18,382.20 | |
| Williams %R (14): | -68.75 | |
| Chande Momentum Oscillator (20): | 13.00 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 18,107.86 | |
| MA20: | 18,340.05 | |
| MA50: | 18,111.68 | |
| MA100: | 17,639.06 | |
| MAexp7: | 18,388.47 | |
| MAexp20: | 18,393.17 | |
| MAexp50: | 18,382.72 | |
| MAexp100: | 18,332.05 | |
| Price / MA7: | +1.48% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | +1.46% | |
| Price / MA100: | +4.18% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.24% |
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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