HDAX110 PERF INDEX - Daily - Technical analysis published on 08/05/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 7,389.52 EUR
My targets
7,698.50 EUR (+2.13%)
8,335.43 EUR (+10.58%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for HDAX110 PERF INDEX as long as the price remains well above 7,389.52 EUR. The buyers' bullish objective is set at 7,698.50 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8,335.43 EUR. If there is any crossing, the next objective would be the resistance located at 8,675.08 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 7,698.50 EUR. On this resistance, against the trend traders who would like to go short on HDAX110 PERF INDEX with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HDAX110 PERF INDEX price is 7,538.18 EUR. The price registered a decrease of -0.01% on the session and was between 7,515.66 EUR and 7,554.01 EUR. This implies that the price is at +0.30% from its lowest and at -0.21% from its highest.7,515.66
7,554.01
7,538.18
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of HDAX110 PERF INDEX indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 6,808.84 | 7,126.45 | 7,389.52 | 7,538.18 | 7,698.50 | 8,335.43 | 8,675.08 |
| Change (%) | -9.68% | -5.46% | -1.97% | - | +2.13% | +10.58% | +15.08% |
| Change | -729.34 | -411.73 | -148.66 | - | +160.32 | +797.25 | +1,136.90 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,407.48 | 7,460.53 | 7,499.74 | 7,552.79 | 7,592.00 | 7,645.05 | 7,684.26 |
| Camarilla | 7,513.58 | 7,522.04 | 7,530.49 | 7,538.95 | 7,547.41 | 7,555.86 | 7,564.32 |
| Woodie | 7,400.56 | 7,457.07 | 7,492.82 | 7,549.33 | 7,585.08 | 7,641.59 | 7,677.34 |
| Fibonacci | 7,460.53 | 7,495.77 | 7,517.55 | 7,552.79 | 7,588.03 | 7,609.81 | 7,645.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,994.69 | 7,087.55 | 7,257.03 | 7,349.89 | 7,519.37 | 7,612.23 | 7,781.71 |
| Camarilla | 7,354.38 | 7,378.42 | 7,402.47 | 7,426.52 | 7,450.57 | 7,474.62 | 7,498.66 |
| Woodie | 7,033.01 | 7,106.71 | 7,295.35 | 7,369.05 | 7,557.69 | 7,631.39 | 7,820.03 |
| Fibonacci | 7,087.55 | 7,187.76 | 7,249.67 | 7,349.89 | 7,450.10 | 7,512.01 | 7,612.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,370.14 | 6,587.91 | 7,007.21 | 7,224.98 | 7,644.28 | 7,862.05 | 8,281.35 |
| Camarilla | 7,251.33 | 7,309.72 | 7,368.12 | 7,426.52 | 7,484.92 | 7,543.32 | 7,601.71 |
| Woodie | 6,470.92 | 6,638.29 | 7,107.99 | 7,275.36 | 7,745.06 | 7,912.43 | 8,382.13 |
| Fibonacci | 6,587.91 | 6,831.27 | 6,981.62 | 7,224.98 | 7,468.34 | 7,618.69 | 7,862.05 |
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): | 62.96 | |
| MACD (12,26,9): | 65.9600 | |
| Directional Movement: | 13.20 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 7,388.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,301.70 | |
| Elder Ray (13): | 157.51 | |
| Super Trend (3,10): | 7,206.64 | |
| Zig ZAG (10): | 7,542.32 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 92.06 | |
| TEMA (21): | 7,514.60 | |
| Williams %R (14): | -11.36 | |
| Chande Momentum Oscillator (20): | 240.77 | |
| Repulse (5,40,3): | 1.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 9.62 |
| MA7: | 7,448.69 | |
| MA20: | 7,262.44 | |
| MA50: | 7,366.10 | |
| MA100: | 7,599.44 | |
| MAexp7: | 7,450.81 | |
| MAexp20: | 7,332.32 | |
| MAexp50: | 7,377.19 | |
| MAexp100: | 7,580.40 | |
| Price / MA7: | +1.20% | |
| Price / MA20: | +3.80% | |
| Price / MA50: | +2.34% | |
| Price / MA100: | -0.81% | |
| Price / MAexp7: | +1.17% | |
| Price / MAexp20: | +2.81% | |
| Price / MAexp50: | +2.18% | |
| Price / MAexp100: | -0.56% |
Quotes :
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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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