SHORTDAX TR
D1A9
- EUR (-)
- 15 min delayed data - Germany Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: D1A9
ISIN: DE000A0C4CT0

SHORTDAX TR - 1H - Technical analysis published on 08/29/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1,455.35 EUR
My targets
1,423.95 EUR (-1.64%)
1,394.55 EUR (-3.67%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SHORTDAX TR as long as the price remains well below 1,455.35 EUR. The sellers' bearish objective is set at 1,423.95 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,394.55 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The SHORTDAX TR rating is 1,447.74 EUR. On the day, this instrument lost -0.86% with the lowest point at 1,446.70 EUR and the highest point at 1,459.34 EUR. The deviation from the price is +0.07% for the low point and -0.79% for the high point.

1,446.70
1,459.34
1,447.74

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 TR indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,394.55 1,423.95 1,444.47 1,447.74 1,455.35 1,467.61 1,479.52
Change (%) -3.67% -1.64% -0.23% - +0.53% +1.37% +2.20%
Change -53.19 -23.79 -3.27 - +7.61 +19.87 +31.78
Level Major Minor Major - Intermediate Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,430.541,438.621,443.181,451.261,455.821,463.901,468.46
Camarilla1,444.261,445.421,446.581,447.741,448.901,450.061,451.22
Woodie1,428.781,437.741,441.421,450.381,454.061,463.021,466.70
Fibonacci1,438.621,443.451,446.431,451.261,456.091,459.071,463.90


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,426.161,437.831,456.181,467.851,486.201,497.871,516.22
Camarilla1,466.281,469.031,471.781,474.531,477.281,480.031,482.79
Woodie1,429.501,439.501,459.521,469.521,489.541,499.541,519.56
Fibonacci1,437.831,449.301,456.381,467.851,479.321,486.401,497.87


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,272.591,331.001,363.691,422.101,454.791,513.201,545.89
Camarilla1,371.321,379.671,388.021,396.371,404.721,413.071,421.42
Woodie1,259.721,324.571,350.821,415.671,441.921,506.771,533.02
Fibonacci1,331.001,365.801,387.301,422.101,456.901,478.401,513.20

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): 30.34
MACD (12,26,9): -4.5000
Directional Movement: -21.72
AROON (14): -92.86
DEMA (21): 1,453.49
Parabolic SAR (0,02-0,02-0,2): 1,464.60
Elder Ray (13): -7.67
Super Trend (3,10): 1,461.81
Zig ZAG (10): 1,447.32
VORTEX (21): 0.8700
Stochastique (14,3,5): 6.38
TEMA (21): 1,449.94
Williams %R (14): -99.16
Chande Momentum Oscillator (20): -17.36
Repulse (5,40,3): -0.4400
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 2.16
MA7: 1,466.53
MA20: 1,456.77
MA50: 1,439.48
MA100: 1,432.76
MAexp7: 1,452.67
MAexp20: 1,458.70
MAexp50: 1,462.57
MAexp100: 1,460.78
Price / MA7: -1.28%
Price / MA20: -0.62%
Price / MA50: +0.57%
Price / MA100: +1.05%
Price / MAexp7: -0.34%
Price / MAexp20: -0.75%
Price / MAexp50: -1.01%
Price / MAexp100: -0.89%

Quotes : - 15 min delayed data - Germany Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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