SHORTDAX X2 TR - 1H - Technical analysis published on 02/17/2023 (GMT)
- 105
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 137.02 EUR
My targets
132.65 EUR (-0.93%)
130.84 EUR (-2.29%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 137.02 EUR remains possible. It is advisable to trade SHORTDAX X2 TR with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 137.02 EUR. The next bearish objective for sellers is set at 132.65 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 130.84 EUR. PS: if there is a bullish break in the resistance located at 137.02 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.6
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Additional analysis
Quotes
The SHORTDAX X2 TR rating is 133.90 EUR. The price registered an increase of +1.00% on the session and was between 133.75 EUR and 136.58 EUR. This implies that the price is at +0.11% from its lowest and at -1.96% from its highest.133.75
136.58
133.90
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SHORTDAX X2 TR chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 130.84 | 132.65 | 133.90 | 137.02 | 138.66 | 142.33 |
| Change (%) | -2.29% | -0.93% | - | +2.33% | +3.55% | +6.30% |
| Change | -3.06 | -1.25 | - | +3.12 | +4.76 | +8.43 |
| Level | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
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 | 127.03 | 128.94 | 130.75 | 132.66 | 134.47 | 136.38 | 138.19 |
| Camarilla | 131.55 | 131.89 | 132.23 | 132.57 | 132.91 | 133.25 | 133.59 |
| Woodie | 126.99 | 128.92 | 130.71 | 132.64 | 134.43 | 136.36 | 138.15 |
| Fibonacci | 128.94 | 130.36 | 131.24 | 132.66 | 134.08 | 134.96 | 136.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.87 | 127.60 | 131.99 | 134.72 | 139.11 | 141.84 | 146.23 |
| Camarilla | 134.43 | 135.09 | 135.74 | 136.39 | 137.04 | 137.70 | 138.35 |
| Woodie | 125.71 | 128.02 | 132.83 | 135.14 | 139.95 | 142.26 | 147.07 |
| Fibonacci | 127.60 | 130.32 | 132.00 | 134.72 | 137.44 | 139.12 | 141.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.19 | 120.13 | 129.97 | 146.91 | 156.75 | 173.69 | 183.53 |
| Camarilla | 132.44 | 134.89 | 137.35 | 139.80 | 142.26 | 144.71 | 147.17 |
| Woodie | 99.63 | 118.36 | 126.41 | 145.14 | 153.19 | 171.92 | 179.97 |
| Fibonacci | 120.13 | 130.36 | 136.68 | 146.91 | 157.14 | 163.46 | 173.69 |
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): | 50.95 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 7.07 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 134.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.26 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 131.88 | |
| Zig ZAG (10): | 134.07 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 58.42 | |
| TEMA (21): | 134.47 | |
| Williams %R (14): | -46.61 | |
| Chande Momentum Oscillator (20): | 2.51 | |
| Repulse (5,40,3): | -0.7500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.85 |
| MA7: | 134.11 | |
| MA20: | 136.50 | |
| MA50: | 146.98 | |
| MA100: | 163.20 | |
| MAexp7: | 134.34 | |
| MAexp20: | 133.98 | |
| MAexp50: | 134.14 | |
| MAexp100: | 134.97 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -1.90% | |
| Price / MA50: | -8.90% | |
| Price / MA100: | -17.95% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.79% |
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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