CDAX PERF INDEX - 1H - Technical analysis published on 08/05/2022 (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
50%
17%
33%
My opinion
Bullish above 1,226.05 EUR
My targets
1,250.59 EUR (+1.04%)
1,270.00 EUR (+2.61%)
My analysis
The bullish trend is currently very strong on CDAX PERF INDEX. As long as the price remains above the support at 1,226.05 EUR, you could try to benefit from the boom. The first bullish objective is located at 1,250.59 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,270.00 EUR as an objective. Crossing it would then enable buyers to target 1,330.18 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, 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
7.1
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Additional analysis
Quotes
CDAX PERF INDEX rating 1,237.71 EUR. The price is lower by -0.01% since the last closing with the lowest point at 1,235.26 EUR and the highest point at 1,240.89 EUR. The deviation from the price is +0.20% for the low point and -0.26% for the high point.1,235.26
1,240.89
1,237.71
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
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 1H chart of CDAX PERF INDEX indicates that the overall trend is strongly bullish. 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.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,190.18 | 1,204.68 | 1,226.05 | 1,237.71 | 1,250.59 | 1,270.00 | 1,330.18 |
| Change (%) | -3.84% | -2.67% | -0.94% | - | +1.04% | +2.61% | +7.47% |
| Change | -47.53 | -33.03 | -11.66 | - | +12.88 | +32.29 | +92.47 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,213.80 | 1,223.71 | 1,230.78 | 1,240.69 | 1,247.76 | 1,257.67 | 1,264.74 |
| Camarilla | 1,233.19 | 1,234.75 | 1,236.30 | 1,237.86 | 1,239.42 | 1,240.97 | 1,242.53 |
| Woodie | 1,212.39 | 1,223.00 | 1,229.37 | 1,239.98 | 1,246.35 | 1,256.96 | 1,263.33 |
| Fibonacci | 1,223.71 | 1,230.19 | 1,234.20 | 1,240.69 | 1,247.17 | 1,251.18 | 1,257.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,144.92 | 1,160.29 | 1,188.14 | 1,203.51 | 1,231.36 | 1,246.73 | 1,274.58 |
| Camarilla | 1,204.11 | 1,208.07 | 1,212.03 | 1,215.99 | 1,219.95 | 1,223.91 | 1,227.88 |
| Woodie | 1,151.16 | 1,163.41 | 1,194.38 | 1,206.63 | 1,237.60 | 1,249.85 | 1,280.82 |
| Fibonacci | 1,160.29 | 1,176.80 | 1,187.00 | 1,203.51 | 1,220.02 | 1,230.22 | 1,246.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,053.67 | 1,087.29 | 1,151.64 | 1,185.26 | 1,249.61 | 1,283.23 | 1,347.58 |
| Camarilla | 1,189.05 | 1,198.03 | 1,207.01 | 1,215.99 | 1,224.97 | 1,233.95 | 1,242.93 |
| Woodie | 1,069.04 | 1,094.97 | 1,167.01 | 1,192.94 | 1,264.98 | 1,290.91 | 1,362.95 |
| Fibonacci | 1,087.29 | 1,124.72 | 1,147.84 | 1,185.26 | 1,222.69 | 1,245.81 | 1,283.23 |
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): | 63.58 | |
| MACD (12,26,9): | 6.8700 | |
| Directional Movement: | 19.73 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1,243.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,249.68 | |
| Elder Ray (13): | 2.59 | |
| Super Trend (3,10): | 1,232.98 | |
| Zig ZAG (10): | 1,238.66 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 61.78 | |
| TEMA (21): | 1,243.97 | |
| Williams %R (14): | -41.79 | |
| Chande Momentum Oscillator (20): | 12.76 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 3.24 |
| MA7: | 1,221.94 | |
| MA20: | 1,191.64 | |
| MA50: | 1,211.79 | |
| MA100: | 1,252.92 | |
| MAexp7: | 1,239.18 | |
| MAexp20: | 1,233.88 | |
| MAexp50: | 1,221.80 | |
| MAexp100: | 1,208.53 | |
| Price / MA7: | +1.29% | |
| Price / MA20: | +3.87% | |
| Price / MA50: | +2.14% | |
| Price / MA100: | -1.21% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +1.30% | |
| Price / MAexp100: | +2.41% |
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.
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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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