DAX KURSINDEX - Daily - Technical analysis published on 08/07/2023 (GMT)
- 185
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Neutral
Technical indicators
11%
44%
44%
My opinion
Neutral between 6,205.67 EUR and 6,459.54 EUR
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 6,205.67 EUR. The first resistance is located at 6,459.54 EUR. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by DAX KURSINDEX.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX KURSINDEX rating 6,311.71 EUR. The price registered a decrease of -0.01% on the session with the lowest point at 6,261.84 EUR and the highest point at 6,316.38 EUR. The deviation from the price is +0.80% for the low point and -0.07% for the high point.6,261.84
6,316.38
6,311.71
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 Daily of this DAX KURSINDEX chart shows a neutral trend. The slightly bearish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bearish trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,653.74 | 6,004.68 | 6,205.67 | 6,311.71 | 6,330.50 | 6,459.54 | 6,873.08 |
| Change (%) | -10.42% | -4.86% | -1.68% | - | +0.30% | +2.34% | +8.89% |
| Change | -657.97 | -307.03 | -106.04 | - | +18.79 | +147.83 | +561.37 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,222.37 | 6,242.10 | 6,276.91 | 6,296.64 | 6,331.45 | 6,351.18 | 6,385.99 |
| Camarilla | 6,296.71 | 6,301.71 | 6,306.71 | 6,311.71 | 6,316.71 | 6,321.71 | 6,326.71 |
| Woodie | 6,229.90 | 6,245.87 | 6,284.44 | 6,300.41 | 6,338.98 | 6,354.95 | 6,393.52 |
| Fibonacci | 6,242.10 | 6,262.94 | 6,275.81 | 6,296.64 | 6,317.48 | 6,330.35 | 6,351.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,897.01 | 6,071.43 | 6,191.76 | 6,366.18 | 6,486.51 | 6,660.93 | 6,781.26 |
| Camarilla | 6,231.03 | 6,258.05 | 6,285.07 | 6,312.09 | 6,339.11 | 6,366.13 | 6,393.15 |
| Woodie | 5,869.97 | 6,057.91 | 6,164.72 | 6,352.66 | 6,459.47 | 6,647.41 | 6,754.22 |
| Fibonacci | 6,071.43 | 6,184.03 | 6,253.59 | 6,366.18 | 6,478.78 | 6,548.34 | 6,660.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,811.38 | 5,963.73 | 6,235.91 | 6,388.26 | 6,660.44 | 6,812.79 | 7,084.97 |
| Camarilla | 6,391.35 | 6,430.27 | 6,469.19 | 6,508.10 | 6,547.02 | 6,585.93 | 6,624.85 |
| Woodie | 5,871.31 | 5,993.69 | 6,295.84 | 6,418.22 | 6,720.37 | 6,842.75 | 7,144.90 |
| Fibonacci | 5,963.73 | 6,125.90 | 6,226.09 | 6,388.26 | 6,550.43 | 6,650.62 | 6,812.79 |
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): | 44.34 | |
| MACD (12,26,9): | 2.6000 | |
| Directional Movement: | -10.43 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 6,379.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,508.09 | |
| Elder Ray (13): | -81.91 | |
| Super Trend (3,10): | 6,488.00 | |
| Zig ZAG (10): | 6,311.71 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 18.89 | |
| TEMA (21): | 6,374.37 | |
| Williams %R (14): | -77.66 | |
| Chande Momentum Oscillator (20): | -100.39 | |
| Repulse (5,40,3): | 1.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.69 |
| MA7: | 6,386.24 | |
| MA20: | 6,383.83 | |
| MA50: | 6,350.16 | |
| MA100: | 6,341.71 | |
| MAexp7: | 6,355.07 | |
| MAexp20: | 6,370.51 | |
| MAexp50: | 6,356.10 | |
| MAexp100: | 6,300.88 | |
| Price / MA7: | -1.17% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | -0.61% | |
| Price / MA100: | -0.47% | |
| Price / MAexp7: | -0.68% | |
| Price / MAexp20: | -0.92% | |
| Price / MAexp50: | -0.70% | |
| Price / MAexp100: | +0.17% |
Quotes :
-
15 min delayed data
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Germany Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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