SHORTDAX X2 TR - 1H - Technical analysis published on 09/21/2023 (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:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 134.29 EUR
My targets
137.55 EUR (+2.11%)
140.43 EUR (+4.24%)
My analysis
The bullish trend is currently very strong on SHORTDAX X2 TR. As long as the price remains above the support at 134.29 EUR, you could try to benefit from the boom. The first bullish objective is located at 137.55 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 140.43 EUR as an objective. Crossing it would then enable buyers to target 145.08 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
8.6
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Additional analysis
Quotes
The SHORTDAX X2 TR price is 134.71 EUR. On the day, this instrument gained +2.69% and was traded between 132.63 EUR and 135.09 EUR over the period. The price is currently at +1.57% from its lowest and -0.28% from its highest.132.63
135.09
134.71
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SHORTDAX X2 TR:
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. 89.29% 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 scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
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 1
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 132.22 | 133.64 | 134.29 | 134.71 | 145.08 | 152.71 | 166.06 |
| Change (%) | -1.85% | -0.79% | -0.31% | - | +7.70% | +13.36% | +23.27% |
| Change | -2.49 | -1.07 | -0.42 | - | +10.37 | +18.00 | +31.35 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.74 | 131.68 | 133.20 | 134.14 | 135.66 | 136.60 | 138.12 |
| Camarilla | 134.03 | 134.26 | 134.49 | 134.71 | 134.94 | 135.16 | 135.39 |
| Woodie | 131.02 | 131.83 | 133.48 | 134.29 | 135.94 | 136.75 | 138.40 |
| Fibonacci | 131.68 | 132.62 | 133.20 | 134.14 | 135.08 | 135.66 | 136.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.31 | 123.47 | 126.35 | 130.51 | 133.39 | 137.55 | 140.43 |
| Camarilla | 127.28 | 127.93 | 128.58 | 129.22 | 129.87 | 130.51 | 131.16 |
| Woodie | 118.66 | 123.15 | 125.70 | 130.19 | 132.74 | 137.23 | 139.78 |
| Fibonacci | 123.47 | 126.16 | 127.82 | 130.51 | 133.20 | 134.86 | 137.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.41 | 112.13 | 120.01 | 127.73 | 135.61 | 143.33 | 151.21 |
| Camarilla | 123.59 | 125.02 | 126.45 | 127.88 | 129.31 | 130.74 | 132.17 |
| Woodie | 104.48 | 112.17 | 120.08 | 127.77 | 135.68 | 143.37 | 151.28 |
| Fibonacci | 112.13 | 118.09 | 121.77 | 127.73 | 133.69 | 137.37 | 143.33 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.15 | |
| MACD (12,26,9): | 0.7900 | |
| Directional Movement: | 20.08 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 134.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.40 | |
| Elder Ray (13): | 1.02 | |
| Super Trend (3,10): | 132.44 | |
| Zig ZAG (10): | 134.71 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 86.67 | |
| TEMA (21): | 134.58 | |
| Williams %R (14): | -8.64 | |
| Chande Momentum Oscillator (20): | 3.47 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.56 |
| MA7: | 132.01 | |
| MA20: | 131.01 | |
| MA50: | 128.45 | |
| MA100: | 127.17 | |
| MAexp7: | 134.15 | |
| MAexp20: | 133.14 | |
| MAexp50: | 132.29 | |
| MAexp100: | 131.78 | |
| Price / MA7: | +2.05% | |
| Price / MA20: | +2.82% | |
| Price / MA50: | +4.87% | |
| Price / MA100: | +5.93% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +1.18% | |
| Price / MAexp50: | +1.83% | |
| Price / MAexp100: | +2.22% |
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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