SHORTDAX X2 TR - 1H - Technical analysis published on 06/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 122.10 EUR
My targets
126.77 EUR (+2.27%)
129.65 EUR (+4.59%)
My analysis
SHORTDAX X2 TR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 122.10 EUR. The next resistance located at 126.77 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 129.65 EUR. After this resistance, buyers could then target 130.68 EUR.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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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 SHORTDAX X2 TR rating is 123.96 EUR. The price has increased by +1.13% since the last closing with the lowest point at 122.86 EUR and the highest point at 124.60 EUR. The deviation from the price is +0.90% for the low point and -0.51% for the high point.122.86
124.60
123.96
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
Technical analysis of this 1H chart of SHORTDAX X2 TR indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 119.14 | 121.04 | 122.10 | 123.96 | 124.10 | 126.77 | 129.65 |
| Change (%) | -3.89% | -2.36% | -1.50% | - | +0.11% | +2.27% | +4.59% |
| Change | -4.82 | -2.92 | -1.86 | - | +0.14 | +2.81 | +5.69 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.27 | 122.07 | 123.01 | 123.81 | 124.75 | 125.55 | 126.49 |
| Camarilla | 123.48 | 123.64 | 123.80 | 123.96 | 124.12 | 124.28 | 124.44 |
| Woodie | 121.35 | 122.11 | 123.09 | 123.85 | 124.83 | 125.59 | 126.57 |
| Fibonacci | 122.07 | 122.73 | 123.14 | 123.81 | 124.47 | 124.88 | 125.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.74 | 115.44 | 117.81 | 121.51 | 123.88 | 127.58 | 129.95 |
| Camarilla | 118.51 | 119.07 | 119.62 | 120.18 | 120.74 | 121.29 | 121.85 |
| Woodie | 111.08 | 115.11 | 117.15 | 121.18 | 123.22 | 127.25 | 129.29 |
| Fibonacci | 115.44 | 117.76 | 119.19 | 121.51 | 123.83 | 125.26 | 127.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.41 | 116.29 | 123.52 | 127.40 | 134.63 | 138.51 | 145.74 |
| Camarilla | 127.69 | 128.70 | 129.72 | 130.74 | 131.76 | 132.78 | 133.80 |
| Woodie | 114.08 | 117.13 | 125.19 | 128.24 | 136.30 | 139.35 | 147.41 |
| Fibonacci | 116.29 | 120.54 | 123.16 | 127.40 | 131.65 | 134.27 | 138.51 |
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): | 62.63 | |
| MACD (12,26,9): | 0.6100 | |
| Directional Movement: | 14.32 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 123.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 124.50 | |
| Elder Ray (13): | 0.59 | |
| Super Trend (3,10): | 122.07 | |
| Zig ZAG (10): | 123.87 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 70.10 | |
| TEMA (21): | 124.20 | |
| Williams %R (14): | -24.20 | |
| Chande Momentum Oscillator (20): | 1.94 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.75 |
| MA7: | 122.08 | |
| MA20: | 125.07 | |
| MA50: | 126.02 | |
| MA100: | 130.93 | |
| MAexp7: | 123.57 | |
| MAexp20: | 122.85 | |
| MAexp50: | 122.60 | |
| MAexp100: | 123.26 | |
| Price / MA7: | +1.54% | |
| Price / MA20: | -0.89% | |
| Price / MA50: | -1.63% | |
| Price / MA100: | -5.32% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.90% | |
| Price / MAexp50: | +1.11% | |
| Price / MAexp100: | +0.57% |
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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