SDAX50 PERF INDEX - Daily - Technical analysis published on 08/03/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 13,100.80 EUR
My targets
13,825.90 EUR (+1.99%)
14,708.10 EUR (+8.50%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SDAX50 PERF INDEX. As long as you are above the support located at 13,100.80 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 13,825.90 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 14,708.10 EUR as an objective. Crossing it would then enable buyers to target 15,864.00 EUR. If the support 13,100.80 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SDAX50 PERF INDEX rating 13,555.94 EUR. On the day, this instrument lost -0.09% and was traded between 13,468.95 EUR and 13,600.00 EUR over the period. The price is currently at +0.65% from its lowest and -0.32% from its highest.13,468.95
13,600.00
13,555.94
Here is a more detailed summary of the historical variations registered by SDAX50 PERF INDEX:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SDAX50 PERF INDEX indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,761.10 | 12,711.20 | 13,100.80 | 13,555.94 | 13,825.90 | 14,708.10 | 15,864.00 |
| Change (%) | -13.24% | -6.23% | -3.36% | - | +1.99% | +8.50% | +17.03% |
| Change | -1,794.84 | -844.74 | -455.14 | - | +269.96 | +1,152.16 | +2,308.06 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,195.34 | 13,297.18 | 13,432.76 | 13,534.60 | 13,670.18 | 13,772.02 | 13,907.60 |
| Camarilla | 13,503.06 | 13,524.82 | 13,546.59 | 13,568.35 | 13,590.11 | 13,611.88 | 13,633.64 |
| Woodie | 13,212.22 | 13,305.62 | 13,449.64 | 13,543.04 | 13,687.06 | 13,780.46 | 13,924.48 |
| Fibonacci | 13,297.18 | 13,387.87 | 13,443.90 | 13,534.60 | 13,625.29 | 13,681.32 | 13,772.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,353.81 | 13,469.32 | 13,584.78 | 13,700.29 | 13,815.75 | 13,931.26 | 14,046.72 |
| Camarilla | 13,636.73 | 13,657.91 | 13,679.08 | 13,700.25 | 13,721.42 | 13,742.60 | 13,763.77 |
| Woodie | 13,353.80 | 13,469.31 | 13,584.77 | 13,700.28 | 13,815.74 | 13,931.25 | 14,046.71 |
| Fibonacci | 13,469.32 | 13,557.55 | 13,612.06 | 13,700.29 | 13,788.52 | 13,843.03 | 13,931.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,462.04 | 12,746.93 | 13,246.02 | 13,530.91 | 14,030.00 | 14,314.89 | 14,813.98 |
| Camarilla | 13,529.53 | 13,601.39 | 13,673.26 | 13,745.12 | 13,816.99 | 13,888.85 | 13,960.72 |
| Woodie | 12,569.15 | 12,800.48 | 13,353.13 | 13,584.46 | 14,137.11 | 14,368.44 | 14,921.09 |
| Fibonacci | 12,746.93 | 13,046.41 | 13,231.43 | 13,530.91 | 13,830.39 | 14,015.41 | 14,314.89 |
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): | 49.11 | |
| MACD (12,26,9): | 55.5600 | |
| Directional Movement: | -6.23 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 13,669.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,807.45 | |
| Elder Ray (13): | -87.54 | |
| Super Trend (3,10): | 13,362.99 | |
| Zig ZAG (10): | 13,552.18 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 40.16 | |
| TEMA (21): | 13,694.73 | |
| Williams %R (14): | -64.04 | |
| Chande Momentum Oscillator (20): | -76.65 | |
| Repulse (5,40,3): | 0.7500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.42 |
| MA7: | 13,656.15 | |
| MA20: | 13,588.81 | |
| MA50: | 13,467.22 | |
| MA100: | 13,404.43 | |
| MAexp7: | 13,629.06 | |
| MAexp20: | 13,592.34 | |
| MAexp50: | 13,510.77 | |
| MAexp100: | 13,373.16 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | +0.66% | |
| Price / MA100: | +1.13% | |
| Price / MAexp7: | -0.54% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +1.37% |
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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