MICRO DAX FULL0325 8:00-22:00 - 15 min. - Technical analysis published on 06/01/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 15,766.67 EUR
My targets
15,883.33 EUR (+0.41%)
16,012.67 EUR (+1.22%)
My analysis
The strong short-term increase in MICRO DAX FULL0623 8:00-22:00 calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 15,766.67 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 15,883.33 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16,012.67 EUR as an objective. Crossing it would then enable buyers to target 16,129.33 EUR. Caution, a return under 15,766.67 EUR could jeopardize the reversal.
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
2.5
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Additional analysis
Quotes
The MICRO DAX FULL0623 8:00-22:00 rating is 15,819.00 EUR. On the day, this instrument gained +0.41% and was traded between 15,745.00 EUR and 15,837.00 EUR over the period. The price is currently at +0.47% from its lowest and -0.11% from its highest.15,745.00
15,837.00
15,819.00
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of MICRO DAX FULL0623 8:00-22:00 in 15 min. shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,386.20 | 15,650.00 | 15,755.70 | 15,819.00 | 15,837.40 | 15,919.80 | 16,114.00 |
| Change (%) | -2.74% | -1.07% | -0.40% | - | +0.12% | +0.64% | +1.86% |
| Change | -432.80 | -169.00 | -63.30 | - | +18.40 | +100.80 | +295.00 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
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 | 15,391.33 | 15,520.67 | 15,637.33 | 15,766.67 | 15,883.33 | 16,012.67 | 16,129.33 |
| Camarilla | 15,686.35 | 15,708.90 | 15,731.45 | 15,754.00 | 15,776.55 | 15,799.10 | 15,821.65 |
| Woodie | 15,385.00 | 15,517.50 | 15,631.00 | 15,763.50 | 15,877.00 | 16,009.50 | 16,123.00 |
| Fibonacci | 15,520.67 | 15,614.64 | 15,672.70 | 15,766.67 | 15,860.64 | 15,918.70 | 16,012.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,143.33 | 15,448.67 | 15,723.33 | 16,028.67 | 16,303.33 | 16,608.67 | 16,883.33 |
| Camarilla | 15,838.50 | 15,891.67 | 15,944.83 | 15,998.00 | 16,051.17 | 16,104.33 | 16,157.50 |
| Woodie | 15,128.00 | 15,441.00 | 15,708.00 | 16,021.00 | 16,288.00 | 16,601.00 | 16,868.00 |
| Fibonacci | 15,448.67 | 15,670.23 | 15,807.11 | 16,028.67 | 16,250.23 | 16,387.11 | 16,608.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,752.67 | 15,201.33 | 15,477.67 | 15,926.33 | 16,202.67 | 16,651.33 | 16,927.67 |
| Camarilla | 15,554.63 | 15,621.08 | 15,687.54 | 15,754.00 | 15,820.46 | 15,886.92 | 15,953.38 |
| Woodie | 14,666.50 | 15,158.25 | 15,391.50 | 15,883.25 | 16,116.50 | 16,608.25 | 16,841.50 |
| Fibonacci | 15,201.33 | 15,478.28 | 15,649.38 | 15,926.33 | 16,203.28 | 16,374.38 | 16,651.33 |
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): | 63.97 | |
| MACD (12,26,9): | 7.5800 | |
| Directional Movement: | 19.17 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 15,769.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,736.95 | |
| Elder Ray (13): | 44.89 | |
| Super Trend (3,10): | 15,744.50 | |
| Zig ZAG (10): | 15,811.00 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 83.75 | |
| TEMA (21): | 15,792.67 | |
| Williams %R (14): | -31.37 | |
| Chande Momentum Oscillator (20): | 44.00 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.56 |
| MA7: | 15,890.14 | |
| MA20: | 16,008.70 | |
| MA50: | 15,860.58 | |
| MA100: | 15,654.34 | |
| MAexp7: | 15,788.18 | |
| MAexp20: | 15,767.63 | |
| MAexp50: | 15,788.81 | |
| MAexp100: | 15,837.61 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | -1.18% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | +1.05% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | -0.12% |
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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