SHORTDAX TR - Daily - Technical analysis published on 08/29/2023 (GMT)
- 117
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
22%
28%
50%
My opinion
Neutral between 1,423.95 EUR and 1,467.61 EUR
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1,467.61 EUR. The first support is located at 1,423.95 EUR. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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:
Additional analysis
Quotes
SHORTDAX TR rating 1,447.74 EUR. The price is lower by -0.86% since the last closing and was between 1,446.70 EUR and 1,459.34 EUR. This implies that the price is at +0.07% from its lowest and at -0.79% from its highest.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.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SHORTDAX TR:
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 slightly bullish. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,394.55 | 1,423.95 | 1,444.47 | 1,447.74 | 1,467.61 | 1,532.47 | 1,596.85 |
| Change (%) | -3.67% | -1.64% | -0.23% | - | +1.37% | +5.85% | +10.30% |
| Change | -53.19 | -23.79 | -3.27 | - | +19.87 | +84.73 | +149.11 |
| Level | Major | Minor | Major | - | Major | Intermediate | 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 | 1,430.54 | 1,438.62 | 1,443.18 | 1,451.26 | 1,455.82 | 1,463.90 | 1,468.46 |
| Camarilla | 1,444.26 | 1,445.42 | 1,446.58 | 1,447.74 | 1,448.90 | 1,450.06 | 1,451.22 |
| Woodie | 1,428.78 | 1,437.74 | 1,441.42 | 1,450.38 | 1,454.06 | 1,463.02 | 1,466.70 |
| Fibonacci | 1,438.62 | 1,443.45 | 1,446.43 | 1,451.26 | 1,456.09 | 1,459.07 | 1,463.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,426.16 | 1,437.83 | 1,456.18 | 1,467.85 | 1,486.20 | 1,497.87 | 1,516.22 |
| Camarilla | 1,466.28 | 1,469.03 | 1,471.78 | 1,474.53 | 1,477.28 | 1,480.03 | 1,482.79 |
| Woodie | 1,429.50 | 1,439.50 | 1,459.52 | 1,469.52 | 1,489.54 | 1,499.54 | 1,519.56 |
| Fibonacci | 1,437.83 | 1,449.30 | 1,456.38 | 1,467.85 | 1,479.32 | 1,486.40 | 1,497.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,272.59 | 1,331.00 | 1,363.69 | 1,422.10 | 1,454.79 | 1,513.20 | 1,545.89 |
| Camarilla | 1,371.32 | 1,379.67 | 1,388.02 | 1,396.37 | 1,404.72 | 1,413.07 | 1,421.42 |
| Woodie | 1,259.72 | 1,324.57 | 1,350.82 | 1,415.67 | 1,441.92 | 1,506.77 | 1,533.02 |
| Fibonacci | 1,331.00 | 1,365.80 | 1,387.30 | 1,422.10 | 1,456.90 | 1,478.40 | 1,513.20 |
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): | 48.44 | |
| MACD (12,26,9): | 8.9900 | |
| Directional Movement: | -0.78 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 1,467.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,485.94 | |
| Elder Ray (13): | -7.07 | |
| Super Trend (3,10): | 1,433.97 | |
| Zig ZAG (10): | 1,447.74 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 51.59 | |
| TEMA (21): | 1,471.24 | |
| Williams %R (14): | -71.57 | |
| Chande Momentum Oscillator (20): | -4.80 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 3.29 |
| MA7: | 1,466.64 | |
| MA20: | 1,456.75 | |
| MA50: | 1,439.48 | |
| MA100: | 1,432.76 | |
| MAexp7: | 1,462.28 | |
| MAexp20: | 1,455.29 | |
| MAexp50: | 1,444.07 | |
| MAexp100: | 1,451.21 | |
| Price / MA7: | -1.29% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | +0.57% | |
| Price / MA100: | +1.05% | |
| Price / MAexp7: | -0.99% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | -0.24% |
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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