MICRO DAX FULL0925 - 1H - Technical analysis published on 05/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 16,271.00 EUR
My targets
16,407.00 EUR (+0.58%)
My analysis
MICRO DAX FULL0623 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 16,271.00 EUR. The next resistance located at 16,407.00 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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This analysis was given by ASvekris. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO DAX FULL0623 price is 16,313.00 EUR. The price has increased by +0.62% since the last closing and was traded between 16,241.00 EUR and 16,329.00 EUR over the period. The price is currently at +0.44% from its lowest and -0.10% from its highest.16,241.00
16,329.00
16,313.00
Here is a more detailed summary of the historical variations registered by MICRO DAX FULL0623:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MICRO DAX FULL0623 in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 16,008.70 | 16,059.90 | 16,271.00 | 16,313.00 | 16,407.00 |
| Change (%) | -1.87% | -1.55% | -0.26% | - | +0.58% |
| Change | -304.30 | -253.10 | -42.00 | - | +94.00 |
| Level | Minor | Intermediate | Intermediate | - | Major |
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 | 15,858.33 | 15,952.67 | 16,082.33 | 16,176.67 | 16,306.33 | 16,400.67 | 16,530.33 |
| Camarilla | 16,150.40 | 16,170.93 | 16,191.47 | 16,212.00 | 16,232.53 | 16,253.07 | 16,273.60 |
| Woodie | 15,876.00 | 15,961.50 | 16,100.00 | 16,185.50 | 16,324.00 | 16,409.50 | 16,548.00 |
| Fibonacci | 15,952.67 | 16,038.24 | 16,091.10 | 16,176.67 | 16,262.24 | 16,315.10 | 16,400.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,568.33 | 15,692.67 | 15,826.33 | 15,950.67 | 16,084.33 | 16,208.67 | 16,342.33 |
| Camarilla | 15,889.05 | 15,912.70 | 15,936.35 | 15,960.00 | 15,983.65 | 16,007.30 | 16,030.95 |
| Woodie | 15,573.00 | 15,695.00 | 15,831.00 | 15,953.00 | 16,089.00 | 16,211.00 | 16,347.00 |
| Fibonacci | 15,692.67 | 15,791.22 | 15,852.11 | 15,950.67 | 16,049.22 | 16,110.11 | 16,208.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,315.67 | 15,471.33 | 15,768.67 | 15,924.33 | 16,221.67 | 16,377.33 | 16,674.67 |
| Camarilla | 15,941.43 | 15,982.95 | 16,024.48 | 16,066.00 | 16,107.53 | 16,149.05 | 16,190.58 |
| Woodie | 15,386.50 | 15,506.75 | 15,839.50 | 15,959.75 | 16,292.50 | 16,412.75 | 16,745.50 |
| Fibonacci | 15,471.33 | 15,644.38 | 15,751.29 | 15,924.33 | 16,097.38 | 16,204.29 | 16,377.33 |
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): | 64.78 | |
| MACD (12,26,9): | 47.5500 | |
| Directional Movement: | 22.45 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 16,307.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 16,255.08 | |
| Elder Ray (13): | 32.88 | |
| Super Trend (3,10): | 16,206.77 | |
| Zig ZAG (10): | 16,291.00 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 83.23 | |
| TEMA (21): | 16,310.15 | |
| Williams %R (14): | -22.08 | |
| Chande Momentum Oscillator (20): | 92.00 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.01 |
| MA7: | 16,040.14 | |
| MA20: | 15,995.85 | |
| MA50: | 15,737.60 | |
| MA100: | 15,518.28 | |
| MAexp7: | 16,288.59 | |
| MAexp20: | 16,242.39 | |
| MAexp50: | 16,156.50 | |
| MAexp100: | 16,085.21 | |
| Price / MA7: | +1.70% | |
| Price / MA20: | +1.98% | |
| Price / MA50: | +3.66% | |
| Price / MA100: | +5.12% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +1.42% |
Quotes :
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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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