SHORTDAX X2 TR - 1H - Technical analysis published on 08/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 131.74 EUR
My targets
137.42 EUR (+1.68%)
140.74 EUR (+4.14%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SHORTDAX X2 TR as long as the price remains well above 131.74 EUR. The buyers' bullish objective is set at 137.42 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 140.74 EUR. If there is any crossing, the next objective would be the resistance located at 146.64 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
9.1
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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 135.15 EUR. On the day, this instrument gained +2.45% with the lowest point at 133.04 EUR and the highest point at 135.46 EUR. The deviation from the price is +1.59% for the low point and -0.23% for the high point.133.04
135.46
135.15
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SHORTDAX X2 TR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 122.82 | 126.35 | 130.68 | 135.15 | 146.64 | 151.82 | 166.06 |
| Change (%) | -9.12% | -6.51% | -3.31% | - | +8.50% | +12.33% | +22.87% |
| Change | -12.33 | -8.80 | -4.47 | - | +11.49 | +16.67 | +30.91 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 128.44 | 129.22 | 130.57 | 131.35 | 132.70 | 133.48 | 134.83 |
| Camarilla | 131.33 | 131.53 | 131.73 | 131.92 | 132.12 | 132.31 | 132.51 |
| Woodie | 128.73 | 129.36 | 130.86 | 131.49 | 132.99 | 133.62 | 135.12 |
| Fibonacci | 129.22 | 130.03 | 130.54 | 131.35 | 132.16 | 132.67 | 133.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.38 | 122.94 | 126.06 | 128.62 | 131.74 | 134.30 | 137.42 |
| Camarilla | 127.62 | 128.14 | 128.66 | 129.18 | 129.70 | 130.22 | 130.74 |
| Woodie | 120.66 | 123.08 | 126.34 | 128.76 | 132.02 | 134.44 | 137.70 |
| Fibonacci | 122.94 | 125.11 | 126.45 | 128.62 | 130.79 | 132.13 | 134.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.25 | 107.82 | 113.71 | 124.28 | 130.17 | 140.74 | 146.63 |
| Camarilla | 115.06 | 116.57 | 118.08 | 119.59 | 121.10 | 122.61 | 124.12 |
| Woodie | 94.90 | 106.65 | 111.36 | 123.11 | 127.82 | 139.57 | 144.28 |
| Fibonacci | 107.82 | 114.11 | 118.00 | 124.28 | 130.57 | 134.46 | 140.74 |
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): | 73.61 | |
| MACD (12,26,9): | 1.3100 | |
| Directional Movement: | 35.04 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 134.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.21 | |
| Elder Ray (13): | 1.67 | |
| Super Trend (3,10): | 132.17 | |
| Zig ZAG (10): | 135.03 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 94.94 | |
| TEMA (21): | 134.73 | |
| Williams %R (14): | -7.62 | |
| Chande Momentum Oscillator (20): | 4.69 | |
| Repulse (5,40,3): | 0.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 5.75 |
| MA7: | 130.18 | |
| MA20: | 126.51 | |
| MA50: | 125.92 | |
| MA100: | 126.64 | |
| MAexp7: | 134.12 | |
| MAexp20: | 132.46 | |
| MAexp50: | 130.78 | |
| MAexp100: | 129.21 | |
| Price / MA7: | +3.82% | |
| Price / MA20: | +6.83% | |
| Price / MA50: | +7.33% | |
| Price / MA100: | +6.72% | |
| Price / MAexp7: | +0.77% | |
| Price / MAexp20: | +2.03% | |
| Price / MAexp50: | +3.34% | |
| Price / MAexp100: | +4.60% |
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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