MICRO DAX FULL0625 - 1H - Technical analysis published on 09/30/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 12,173.50 EUR
My targets
11,880.00 EUR (-0.87%)
11,723.00 EUR (-2.18%)
My analysis
MICRO DAX FULL1222 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 12,173.50 EUR. The next support located at 11,880.00 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 11,723.00 EUR. Below this support, sellers could then target 11,331.50 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by sven-pro-trader. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICRO DAX FULL1222 rating 11,984.00 EUR. The price registered an increase of +0.07% on the session and was between 11,937.00 EUR and 12,032.00 EUR. This implies that the price is at +0.39% from its lowest and at -0.40% from its highest.11,937.00
12,032.00
11,984.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MICRO DAX FULL1222:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MICRO DAX FULL1222 in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 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
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,180.70 | 11,331.50 | 11,880.00 | 11,984.00 | 12,004.00 | 12,173.50 | 12,339.70 |
| Change (%) | -15.05% | -5.44% | -0.87% | - | +0.17% | +1.58% | +2.97% |
| Change | -1,803.30 | -652.50 | -104.00 | - | +20.00 | +189.50 | +355.70 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,372.00 | 11,628.00 | 11,802.00 | 12,058.00 | 12,232.00 | 12,488.00 | 12,662.00 |
| Camarilla | 11,857.75 | 11,897.17 | 11,936.58 | 11,976.00 | 12,015.42 | 12,054.83 | 12,094.25 |
| Woodie | 11,331.00 | 11,607.50 | 11,761.00 | 12,037.50 | 12,191.00 | 12,467.50 | 12,621.00 |
| Fibonacci | 11,628.00 | 11,792.26 | 11,893.74 | 12,058.00 | 12,222.26 | 12,323.74 | 12,488.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,248.00 | 11,723.00 | 12,011.00 | 12,486.00 | 12,774.00 | 13,249.00 | 13,537.00 |
| Camarilla | 12,089.18 | 12,159.12 | 12,229.06 | 12,299.00 | 12,368.94 | 12,438.88 | 12,508.83 |
| Woodie | 11,154.50 | 11,676.25 | 11,917.50 | 12,439.25 | 12,680.50 | 13,202.25 | 13,443.50 |
| Fibonacci | 11,723.00 | 12,014.47 | 12,194.53 | 12,486.00 | 12,777.47 | 12,957.53 | 13,249.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,036.33 | 11,842.67 | 12,301.33 | 13,107.67 | 13,566.33 | 14,372.67 | 14,831.33 |
| Camarilla | 12,412.13 | 12,528.08 | 12,644.04 | 12,760.00 | 12,875.96 | 12,991.92 | 13,107.88 |
| Woodie | 10,862.50 | 11,755.75 | 12,127.50 | 13,020.75 | 13,392.50 | 14,285.75 | 14,657.50 |
| Fibonacci | 11,842.67 | 12,325.90 | 12,624.44 | 13,107.67 | 13,590.90 | 13,889.44 | 14,372.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.23 | |
| MACD (12,26,9): | -43.9400 | |
| Directional Movement: | -10.68 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 11,964.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,024.40 | |
| Elder Ray (13): | -29.59 | |
| Super Trend (3,10): | 12,137.36 | |
| Zig ZAG (10): | 11,981.00 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 41.16 | |
| TEMA (21): | 11,950.23 | |
| Williams %R (14): | -46.63 | |
| Chande Momentum Oscillator (20): | 31.00 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.16 |
| MA7: | 12,206.14 | |
| MA20: | 12,652.00 | |
| MA50: | 13,048.32 | |
| MA100: | 13,247.75 | |
| MAexp7: | 11,980.51 | |
| MAexp20: | 12,020.75 | |
| MAexp50: | 12,097.05 | |
| MAexp100: | 12,214.17 | |
| Price / MA7: | -1.82% | |
| Price / MA20: | -5.28% | |
| Price / MA50: | -8.16% | |
| Price / MA100: | -9.54% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -0.93% | |
| Price / MAexp100: | -1.88% |
Quotes :
-
15 min delayed data
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EUREX Futures Micro
This member declared not having a position on this financial instrument or a related financial instrument.
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