SHORTDAX X2 TR - 1H - Technical analysis published on 10/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 142.08 EUR
My targets
145.08 EUR (+0.97%)
146.55 EUR (+1.99%)
My analysis
The bullish trend is currently very strong on SHORTDAX X2 TR. As long as the price remains above the support at 142.08 EUR, you could try to benefit from the boom. The first bullish objective is located at 145.08 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 146.55 EUR as an objective. Crossing it would then enable buyers to target 220.07 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.
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
7.9
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Additional analysis
Quotes
SHORTDAX X2 TR rating 143.69 EUR. The price registered an increase of +1.89% on the session and was traded between 140.71 EUR and 144.22 EUR over the period. The price is currently at +2.12% from its lowest and -0.37% from its highest.140.71
144.22
143.69
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SHORTDAX X2 TR chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 135.11 | 138.40 | 142.08 | 143.69 | 145.08 | 146.55 | 220.07 |
| Change (%) | -5.97% | -3.68% | -1.12% | - | +0.97% | +1.99% | +53.16% |
| Change | -8.58 | -5.29 | -1.61 | - | +1.39 | +2.86 | +76.38 |
| Level | Major | Intermediate | Major | - | Major | 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 | 136.58 | 138.46 | 139.75 | 141.63 | 142.92 | 144.80 | 146.09 |
| Camarilla | 140.16 | 140.45 | 140.74 | 141.03 | 141.32 | 141.61 | 141.90 |
| Woodie | 136.28 | 138.31 | 139.45 | 141.48 | 142.62 | 144.65 | 145.79 |
| Fibonacci | 138.46 | 139.67 | 140.42 | 141.63 | 142.84 | 143.59 | 144.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 127.62 | 131.36 | 136.72 | 140.46 | 145.82 | 149.56 | 154.92 |
| Camarilla | 139.57 | 140.40 | 141.24 | 142.07 | 142.90 | 143.74 | 144.57 |
| Woodie | 128.42 | 131.77 | 137.52 | 140.87 | 146.62 | 149.97 | 155.72 |
| Fibonacci | 131.36 | 134.84 | 136.99 | 140.46 | 143.94 | 146.09 | 149.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 114.02 | 120.67 | 129.44 | 136.09 | 144.86 | 151.51 | 160.28 |
| Camarilla | 133.97 | 135.38 | 136.80 | 138.21 | 139.62 | 141.04 | 142.45 |
| Woodie | 115.08 | 121.20 | 130.50 | 136.62 | 145.92 | 152.04 | 161.34 |
| Fibonacci | 120.67 | 126.56 | 130.20 | 136.09 | 141.98 | 145.62 | 151.51 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.70 | |
| MACD (12,26,9): | 0.7200 | |
| Directional Movement: | 15.72 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 142.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 141.19 | |
| Elder Ray (13): | 1.17 | |
| Super Trend (3,10): | 140.39 | |
| Zig ZAG (10): | 142.93 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 85.57 | |
| TEMA (21): | 143.09 | |
| Williams %R (14): | -33.62 | |
| Chande Momentum Oscillator (20): | 0.68 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.36 |
| MA7: | 140.06 | |
| MA20: | 140.24 | |
| MA50: | 134.58 | |
| MA100: | 129.95 | |
| MAexp7: | 142.90 | |
| MAexp20: | 142.18 | |
| MAexp50: | 141.21 | |
| MAexp100: | 140.51 | |
| Price / MA7: | +2.59% | |
| Price / MA20: | +2.46% | |
| Price / MA50: | +6.77% | |
| Price / MA100: | +10.57% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | +1.06% | |
| Price / MAexp50: | +1.76% | |
| Price / MAexp100: | +2.26% |
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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