SHORTDAX TR - Daily - Technical analysis published on 04/27/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 1,465.36 EUR
My targets
1,403.33 EUR (-2.26%)
1,360.86 EUR (-5.22%)
My analysis
SHORTDAX TR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,465.36 EUR. The next support located at 1,403.33 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,360.86 EUR. Below this support, sellers could then target 1,281.80 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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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 TR rating is 1,435.77 EUR. The price is lower by -0.01% since the last closing and was traded between 1,430.42 EUR and 1,444.29 EUR over the period. The price is currently at +0.37% from its lowest and -0.59% from its highest.1,430.42
1,444.29
1,435.77
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
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 Daily chart of SHORTDAX TR indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1,425.56 | 1,435.77 | 1,465.36 | 1,548.42 | 1,633.36 |
| Change (%) | -0.71% | - | +2.06% | +7.85% | +13.76% |
| Change | -10.21 | - | +29.59 | +112.65 | +197.59 |
| Level | Major | - | Intermediate | Intermediate | Intermediate |
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 | 1,415.49 | 1,422.96 | 1,429.36 | 1,436.83 | 1,443.23 | 1,450.70 | 1,457.10 |
| Camarilla | 1,431.96 | 1,433.23 | 1,434.50 | 1,435.77 | 1,437.04 | 1,438.31 | 1,439.58 |
| Woodie | 1,414.97 | 1,422.69 | 1,428.84 | 1,436.56 | 1,442.71 | 1,450.43 | 1,456.58 |
| Fibonacci | 1,422.96 | 1,428.26 | 1,431.53 | 1,436.83 | 1,442.13 | 1,445.40 | 1,450.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,399.76 | 1,411.59 | 1,419.35 | 1,431.18 | 1,438.94 | 1,450.77 | 1,458.53 |
| Camarilla | 1,421.73 | 1,423.53 | 1,425.32 | 1,427.12 | 1,428.92 | 1,430.71 | 1,432.51 |
| Woodie | 1,397.74 | 1,410.57 | 1,417.33 | 1,430.16 | 1,436.92 | 1,449.75 | 1,456.51 |
| Fibonacci | 1,411.59 | 1,419.07 | 1,423.69 | 1,431.18 | 1,438.66 | 1,443.28 | 1,450.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,281.80 | 1,360.86 | 1,403.33 | 1,482.39 | 1,524.86 | 1,603.92 | 1,646.39 |
| Camarilla | 1,412.38 | 1,423.52 | 1,434.66 | 1,445.80 | 1,456.94 | 1,468.08 | 1,479.22 |
| Woodie | 1,263.51 | 1,351.71 | 1,385.04 | 1,473.24 | 1,506.57 | 1,594.77 | 1,628.10 |
| Fibonacci | 1,360.86 | 1,407.28 | 1,435.97 | 1,482.39 | 1,528.81 | 1,557.50 | 1,603.92 |
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): | 43.21 | |
| MACD (12,26,9): | -11.5400 | |
| Directional Movement: | 1.12 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 1,428.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,423.84 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 1,472.07 | |
| Zig ZAG (10): | 1,435.77 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 28.04 | |
| TEMA (21): | 1,424.29 | |
| Williams %R (14): | -64.53 | |
| Chande Momentum Oscillator (20): | -9.95 | |
| Repulse (5,40,3): | -0.9400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 3.33 |
| MA7: | 1,431.05 | |
| MA20: | 1,440.98 | |
| MA50: | 1,463.13 | |
| MA100: | 1,498.44 | |
| MAexp7: | 1,433.29 | |
| MAexp20: | 1,443.29 | |
| MAexp50: | 1,464.51 | |
| MAexp100: | 1,503.50 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -1.87% | |
| Price / MA100: | -4.18% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -1.96% | |
| Price / MAexp100: | -4.50% |
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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