Londinia Opportunities Analyses - 04/26/2024 (GMT) CDAX PERF INDEX - 1H
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EUR
(-)
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15 min delayed data - Germany Indices
| Type: | Indices |
| Ticker: | CDAX |
| ISIN: | DE0008469602 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 1,551.56 EUR
My targets
1,568.16 EUR (+0.57%)
1,579.03 EUR (+1.26%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CDAX PERF INDEX as long as the price remains well above 1,551.56 EUR. The buyers' bullish objective is set at 1,568.16 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,579.03 EUR. If there is any crossing, the next objective would be the resistance located at 1,589.96 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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Additional analysis
Quotes
The CDAX PERF INDEX price is 1,559.33 EUR. On the day, this instrument gained +1.02% and was between 1,543.54 EUR and 1,559.64 EUR. This implies that the price is at +1.02% from its lowest and at -0.02% from its highest.1,543.54
1,559.64
1,559.33
Here is a more detailed summary of the historical variations registered by CDAX PERF INDEX:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CDAX PERF INDEX chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,525.31 | 1,538.77 | 1,551.56 | 1,559.33 | 1,568.16 | 1,579.03 | 1,589.96 |
| Change (%) | -2.18% | -1.32% | -0.50% | - | +0.57% | +1.26% | +1.96% |
| Change | -34.02 | -20.56 | -7.77 | - | +8.83 | +19.70 | +30.63 |
| Level | Major | Minor | Intermediate | - | Major | 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 | 1,510.29 | 1,522.35 | 1,532.94 | 1,545.00 | 1,555.59 | 1,567.65 | 1,578.24 |
| Camarilla | 1,537.31 | 1,539.39 | 1,541.46 | 1,543.54 | 1,545.62 | 1,547.69 | 1,549.77 |
| Woodie | 1,509.57 | 1,521.98 | 1,532.22 | 1,544.63 | 1,554.87 | 1,567.28 | 1,577.52 |
| Fibonacci | 1,522.35 | 1,531.00 | 1,536.34 | 1,545.00 | 1,553.65 | 1,558.99 | 1,567.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,458.23 | 1,488.69 | 1,508.00 | 1,538.46 | 1,557.77 | 1,588.23 | 1,607.54 |
| Camarilla | 1,513.63 | 1,518.20 | 1,522.76 | 1,527.32 | 1,531.88 | 1,536.45 | 1,541.01 |
| Woodie | 1,452.67 | 1,485.90 | 1,502.44 | 1,535.67 | 1,552.21 | 1,585.44 | 1,601.98 |
| Fibonacci | 1,488.69 | 1,507.70 | 1,519.45 | 1,538.46 | 1,557.47 | 1,569.22 | 1,588.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,472.57 | 1,496.63 | 1,543.30 | 1,567.36 | 1,614.03 | 1,638.09 | 1,684.76 |
| Camarilla | 1,570.51 | 1,576.99 | 1,583.48 | 1,589.96 | 1,596.44 | 1,602.93 | 1,609.41 |
| Woodie | 1,483.87 | 1,502.28 | 1,554.60 | 1,573.01 | 1,625.33 | 1,643.74 | 1,696.06 |
| Fibonacci | 1,496.63 | 1,523.65 | 1,540.34 | 1,567.36 | 1,594.38 | 1,611.07 | 1,638.09 |
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): | 57.76 | |
| MACD (12,26,9): | 0.6600 | |
| Directional Movement: | 7.34 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 1,553.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,535.85 | |
| Elder Ray (13): | 6.41 | |
| Super Trend (3,10): | 1,543.09 | |
| Zig ZAG (10): | 1,558.51 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 84.62 | |
| TEMA (21): | 1,551.26 | |
| Williams %R (14): | -8.05 | |
| Chande Momentum Oscillator (20): | 1.80 | |
| Repulse (5,40,3): | 0.6500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.28 |
| MA7: | 1,546.26 | |
| MA20: | 1,556.98 | |
| MA50: | 1,541.50 | |
| MA100: | 1,498.77 | |
| MAexp7: | 1,552.76 | |
| MAexp20: | 1,551.74 | |
| MAexp50: | 1,549.10 | |
| MAexp100: | 1,549.65 | |
| Price / MA7: | +0.85% | |
| Price / MA20: | +0.15% | |
| Price / MA50: | +1.16% | |
| Price / MA100: | +4.04% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +0.66% | |
| Price / MAexp100: | +0.62% |
Quotes :
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15 min delayed data
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Indices Allemagne