DAX40 PERF INDEX

- EUR (-)

- 15 min delayed data - Germany Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	DAX
ISIN:	DE0008469008

DAX40 PERF INDEX - Daily - Technical analysis published on 08/16/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

78%

22%

My opinion

Bullish above 13,380.70 EUR

My targets

14,084.20 EUR (+1.37%)

14,973.30 EUR (+7.77%)

My analysis

DAX40 PERF INDEX is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 13,380.70 EUR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 14,084.20 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 14,973.30 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 15,791.10 EUR. Beware of a possible return to under the support located at 13,380.70 EUR which would be the sign of a correction of the bullish excesses registered in the short term.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.4

Comment on the 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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DAX40 PERF INDEX price is 13,893.46 EUR. The price has increased by +0.56% since the last closing and was traded between 13,838.31 EUR and 13,947.85 EUR over the period. The price is currently at +0.40% from its lowest and -0.39% from its highest.

13,838.31

13,947.85

13,893.46

Here is a more detailed summary of the historical variations registered by DAX40 PERF INDEX:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of DAX40 PERF INDEX indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12,831.50	13,380.70	13,789.00	13,893.46	14,084.20	14,973.30	15,791.10
Change (%)	-7.64%	-3.69%	-0.75%	-	+1.37%	+7.77%	+13.66%
Change	-1,061.96	-512.76	-104.46	-	+190.74	+1,079.84	+1,897.64
Level	Major	Major	Major	-	Minor	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,627.10	13,681.55	13,749.08	13,803.53	13,871.06	13,925.51	13,993.04
Camarilla	13,783.07	13,794.25	13,805.43	13,816.61	13,827.79	13,838.97	13,850.16
Woodie	13,633.64	13,684.82	13,755.62	13,806.80	13,877.60	13,928.78	13,999.58
Fibonacci	13,681.55	13,728.15	13,756.93	13,803.53	13,850.13	13,878.91	13,925.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,206.00	13,330.85	13,563.35	13,688.20	13,920.70	14,045.55	14,278.05
Camarilla	13,697.58	13,730.34	13,763.09	13,795.85	13,828.61	13,861.36	13,894.12
Woodie	13,259.83	13,357.76	13,617.18	13,715.11	13,974.53	14,072.46	14,331.88
Fibonacci	13,330.85	13,467.36	13,551.69	13,688.20	13,824.71	13,909.04	14,045.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,620.91	12,005.93	12,744.99	13,130.01	13,869.07	14,254.09	14,993.15
Camarilla	13,174.93	13,277.97	13,381.01	13,484.05	13,587.09	13,690.13	13,793.17
Woodie	11,797.93	12,094.44	12,922.01	13,218.52	14,046.09	14,342.60	15,170.17
Fibonacci	12,005.93	12,435.33	12,700.61	13,130.01	13,559.41	13,824.69	14,254.09

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):	65.48
MACD (12,26,9):	170.3400
Directional Movement:	11.93
AROON (14):	100.00
DEMA (21):	13,726.75
Parabolic SAR (0,02-0,02-0,2):	13,574.99
Elder Ray (13):	259.35
Super Trend (3,10):	13,350.89
Zig ZAG (10):	13,907.59
VORTEX (21):	1.1900
Stochastique (14,3,5):	95.91
TEMA (21):	13,908.70
Williams %R (14):	-4.75
Chande Momentum Oscillator (20):	423.01
Repulse (5,40,3):	0.8600
ROCnROLL:	1
TRIX (15,9):	0.1400
Courbe Coppock:	7.69

MA7:	13,733.89
MA20:	13,495.93
MA50:	13,264.64
MA100:	13,709.80
MAexp7:	13,749.08
MAexp20:	13,532.78
MAexp50:	13,472.36
MAexp100:	13,726.41
Price / MA7:	+1.16%
Price / MA20:	+2.95%
Price / MA50:	+4.74%
Price / MA100:	+1.34%
Price / MAexp7:	+1.05%
Price / MAexp20:	+2.67%
Price / MAexp50:	+3.13%
Price / MAexp100:	+1.22%

Quotes : - 15 min delayed data - Germany Indices

News

The last news published on DAX40 PERF INDEX at the time of the generation of this analysis was as follows:

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

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