MICRO DAX FULL0325 8:00-22:00 - 15 min. - Technical analysis published on 06/05/2023 (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:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 16,037.67 EUR
My targets
16,135.33 EUR (+0.39%)
16,190.67 EUR (+0.73%)
My analysis
The bullish trend is currently very strong on MICRO DAX FULL0623 8:00-22:00. As long as the price remains above the support at 16,037.67 EUR, you could try to benefit from the boom. The first bullish objective is located at 16,135.33 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16,190.67 EUR as an objective. Crossing it would then enable buyers to target 16,288.33 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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Additional analysis
Quotes
The MICRO DAX FULL0623 8:00-22:00 rating is 16,073.00 EUR. The price is lower by -0.04% since the last closing and was between 16,051.00 EUR and 16,075.00 EUR. This implies that the price is at +0.14% from its lowest and at -0.01% from its highest.16,051.00
16,075.00
16,073.00
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of MICRO DAX FULL0623 8:00-22:00 indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,837.40 | 15,905.30 | 15,992.30 | 16,073.00 | 16,091.30 | 16,273.00 | 16,407.00 |
| Change (%) | -1.47% | -1.04% | -0.50% | - | +0.11% | +1.24% | +2.08% |
| Change | -235.60 | -167.70 | -80.70 | - | +18.30 | +200.00 | +334.00 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,829.33 | 15,884.67 | 15,982.33 | 16,037.67 | 16,135.33 | 16,190.67 | 16,288.33 |
| Camarilla | 16,037.93 | 16,051.95 | 16,065.98 | 16,080.00 | 16,094.03 | 16,108.05 | 16,122.08 |
| Woodie | 15,850.50 | 15,895.25 | 16,003.50 | 16,048.25 | 16,156.50 | 16,201.25 | 16,309.50 |
| Fibonacci | 15,884.67 | 15,943.11 | 15,979.22 | 16,037.67 | 16,096.11 | 16,132.22 | 16,190.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,318.00 | 15,484.00 | 15,782.00 | 15,948.00 | 16,246.00 | 16,412.00 | 16,710.00 |
| Camarilla | 15,952.40 | 15,994.93 | 16,037.47 | 16,080.00 | 16,122.53 | 16,165.07 | 16,207.60 |
| Woodie | 15,384.00 | 15,517.00 | 15,848.00 | 15,981.00 | 16,312.00 | 16,445.00 | 16,776.00 |
| Fibonacci | 15,484.00 | 15,661.25 | 15,770.75 | 15,948.00 | 16,125.25 | 16,234.75 | 16,412.00 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.02 | |
| MACD (12,26,9): | 10.9000 | |
| Directional Movement: | 9.87 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 16,085.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 16,089.92 | |
| Elder Ray (13): | 6.06 | |
| Super Trend (3,10): | 16,047.92 | |
| Zig ZAG (10): | 16,080.00 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 76.85 | |
| TEMA (21): | 16,080.25 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 8.00 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.18 |
| MA7: | 15,932.14 | |
| MA20: | 16,013.60 | |
| MA50: | 15,875.20 | |
| MA100: | 15,665.46 | |
| MAexp7: | 16,078.47 | |
| MAexp20: | 16,069.93 | |
| MAexp50: | 16,036.94 | |
| MAexp100: | 15,987.65 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | +0.37% | |
| Price / MA50: | +1.25% | |
| Price / MA100: | +2.60% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.53% |
Quotes :
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15 min delayed data
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EUREX Futures Micro
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