DAX40 FULL0624 - 15 min. - Technical analysis published on 04/24/2024 (GMT)
- 59
- 0
- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Neutral between 18,289.67 EUR and 18,436.33 EUR
My targets
-
My analysis
The short-term decline on DAX40 FULL0624 remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 18,289.67 EUR. The first resistance is located at 18,436.33 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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 18,361.00 EUR. On the day, this instrument gained +0.08% with the lowest point at 18,358.00 EUR and the highest point at 18,439.00 EUR. The deviation from the price is +0.02% for the low point and -0.42% for the high point.18,358.00
18,439.00
18,361.00
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
A technical analysis in 15 min. of this DAX40 FULL0624 chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 : 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 | 18,361.00 | 18,424.00 | 18,812.00 |
| Change (%) | -2.34% | -0.95% | -0.40% | - | +0.34% | +2.46% |
| Change | -429.60 | -175.00 | -74.00 | - | +63.00 | +451.00 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate |
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 | 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): | 45.11 | |
| MACD (12,26,9): | -3.9800 | |
| Directional Movement: | -6.21 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 18,386.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 18,409.02 | |
| Elder Ray (13): | -9.03 | |
| Super Trend (3,10): | 18,426.78 | |
| Zig ZAG (10): | 18,380.00 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 24.45 | |
| TEMA (21): | 18,378.82 | |
| Williams %R (14): | -81.25 | |
| Chande Momentum Oscillator (20): | -15.00 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.11 |
| MA7: | 18,106.43 | |
| MA20: | 18,339.65 | |
| MA50: | 18,111.56 | |
| MA100: | 17,638.99 | |
| MAexp7: | 18,383.44 | |
| MAexp20: | 18,390.73 | |
| MAexp50: | 18,382.43 | |
| MAexp100: | 18,334.00 | |
| Price / MA7: | +1.41% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | +1.38% | |
| Price / MA100: | +4.09% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | +0.15% |
Quotes :
-
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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