SHORTDAX X2 TR - 1H - Technical analysis published on 04/20/2023 (GMT)
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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:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 126.01 EUR
My targets
130.59 EUR (+1.72%)
133.20 EUR (+3.75%)
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 SHORTDAX X2 TR as long as the price remains well above 126.01 EUR. The buyers' bullish objective is set at 130.59 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 133.20 EUR. If there is any crossing, the next objective would be the resistance located at 139.39 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 130.59 EUR. On this resistance, against the trend traders who would like to go short on SHORTDAX X2 TR 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
2.7
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Additional analysis
Quotes
The SHORTDAX X2 TR rating is 128.38 EUR. The price has increased by +1.62% since the last closing and was between 126.55 EUR and 128.92 EUR. This implies that the price is at +1.45% from its lowest and at -0.42% from its highest.126.55
128.92
128.38
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of SHORTDAX X2 TR in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 126.01 | 128.38 | 128.43 | 130.59 | 139.39 |
| Change (%) | -1.85% | - | +0.04% | +1.72% | +8.58% |
| Change | -2.37 | - | +0.05 | +2.21 | +11.01 |
| Level | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.58 | 125.35 | 125.84 | 126.61 | 127.10 | 127.87 | 128.36 |
| Camarilla | 125.98 | 126.10 | 126.22 | 126.33 | 126.45 | 126.56 | 126.68 |
| Woodie | 124.44 | 125.28 | 125.70 | 126.54 | 126.96 | 127.80 | 128.22 |
| Fibonacci | 125.35 | 125.83 | 126.13 | 126.61 | 127.09 | 127.39 | 127.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.79 | 124.91 | 126.26 | 128.38 | 129.73 | 131.85 | 133.20 |
| Camarilla | 126.65 | 126.96 | 127.28 | 127.60 | 127.92 | 128.24 | 128.55 |
| Woodie | 122.40 | 124.72 | 125.87 | 128.19 | 129.34 | 131.66 | 132.81 |
| Fibonacci | 124.91 | 126.24 | 127.06 | 128.38 | 129.71 | 130.53 | 131.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.10 | 114.87 | 122.51 | 137.28 | 144.92 | 159.69 | 167.33 |
| Camarilla | 123.99 | 126.04 | 128.10 | 130.15 | 132.20 | 134.26 | 136.31 |
| Woodie | 96.54 | 113.09 | 118.95 | 135.50 | 141.36 | 157.91 | 163.77 |
| Fibonacci | 114.87 | 123.43 | 128.72 | 137.28 | 145.84 | 151.13 | 159.69 |
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): | 61.93 | |
| MACD (12,26,9): | 0.2600 | |
| Directional Movement: | 13.52 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 127.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 126.55 | |
| Elder Ray (13): | 0.69 | |
| Super Trend (3,10): | 127.02 | |
| Zig ZAG (10): | 128.64 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 90.89 | |
| TEMA (21): | 128.43 | |
| Williams %R (14): | -11.79 | |
| Chande Momentum Oscillator (20): | 1.54 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.30 |
| MA7: | 127.86 | |
| MA20: | 132.08 | |
| MA50: | 134.42 | |
| MA100: | 142.38 | |
| MAexp7: | 128.20 | |
| MAexp20: | 127.68 | |
| MAexp50: | 127.96 | |
| MAexp100: | 129.36 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | -2.80% | |
| Price / MA50: | -4.49% | |
| Price / MA100: | -9.83% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | -0.76% |
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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