DAX40 PERF INDEX - 15 min. - Technical analysis published on 10/17/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 12,503.41 EUR
My targets
12,783.84 EUR (+0.54%)
12,891.25 EUR (+1.39%)
My analysis
The bullish trend is currently very strong on DAX40 PERF INDEX. As long as the price remains above the support at 12,503.41 EUR, you could try to benefit from the boom. The first bullish objective is located at 12,783.84 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12,891.25 EUR as an objective. Crossing it would then enable buyers to target 12,936.60 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.
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
0
10
8.9
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This analysis was given by JacintoBarrio. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 PERF INDEX rating is 12,714.83 EUR. The price registered an increase of +2.23% on the session with the lowest point at 12,398.05 EUR and the highest point at 12,715.43 EUR. The deviation from the price is +2.56% for the low point and +0.00% for the high point.12,398.05
12,715.43
12,714.83
Here is a more detailed summary of the historical variations registered by DAX40 PERF INDEX:
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 DAX40 PERF INDEX in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 12,374.70 | 12,525.90 | 12,673.30 | 12,714.83 | 12,936.60 | 13,111.40 | 13,387.90 |
| Change (%) | -2.68% | -1.49% | -0.33% | - | +1.74% | +3.12% | +5.29% |
| Change | -340.13 | -188.93 | -41.53 | - | +221.77 | +396.57 | +673.07 |
| Level | Major | Major | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,049.96 | 12,222.98 | 12,330.39 | 12,503.41 | 12,610.82 | 12,783.84 | 12,891.25 |
| Camarilla | 12,360.69 | 12,386.40 | 12,412.10 | 12,437.81 | 12,463.52 | 12,489.22 | 12,514.93 |
| Woodie | 12,017.17 | 12,206.58 | 12,297.60 | 12,487.01 | 12,578.03 | 12,767.44 | 12,858.46 |
| Fibonacci | 12,222.98 | 12,330.10 | 12,396.28 | 12,503.41 | 12,610.53 | 12,676.71 | 12,783.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,390.70 | 11,695.56 | 12,066.69 | 12,371.55 | 12,742.68 | 13,047.54 | 13,418.67 |
| Camarilla | 12,251.91 | 12,313.88 | 12,375.84 | 12,437.81 | 12,499.78 | 12,561.74 | 12,623.71 |
| Woodie | 11,423.83 | 11,712.13 | 12,099.82 | 12,388.12 | 12,775.81 | 13,064.11 | 13,451.80 |
| Fibonacci | 11,695.56 | 11,953.79 | 12,113.33 | 12,371.55 | 12,629.78 | 12,789.32 | 13,047.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,761.20 | 10,812.02 | 11,463.19 | 12,514.01 | 13,165.18 | 14,216.00 | 14,867.17 |
| Camarilla | 11,646.31 | 11,802.33 | 11,958.34 | 12,114.36 | 12,270.38 | 12,426.39 | 12,582.41 |
| Woodie | 9,561.38 | 10,712.11 | 11,263.37 | 12,414.10 | 12,965.36 | 14,116.09 | 14,667.35 |
| Fibonacci | 10,812.02 | 11,462.18 | 11,863.85 | 12,514.01 | 13,164.17 | 13,565.84 | 14,216.00 |
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): | 71.02 | |
| MACD (12,26,9): | 38.1800 | |
| Directional Movement: | 24.56 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 12,612.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,578.85 | |
| Elder Ray (13): | 55.37 | |
| Super Trend (3,10): | 12,569.70 | |
| Zig ZAG (10): | 12,648.13 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 98.08 | |
| TEMA (21): | 12,629.95 | |
| Williams %R (14): | -2.36 | |
| Chande Momentum Oscillator (20): | 125.03 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.72 |
| MA7: | 12,348.94 | |
| MA20: | 12,359.76 | |
| MA50: | 12,868.69 | |
| MA100: | 13,110.91 | |
| MAexp7: | 12,613.29 | |
| MAexp20: | 12,565.98 | |
| MAexp50: | 12,505.69 | |
| MAexp100: | 12,436.63 | |
| Price / MA7: | +2.96% | |
| Price / MA20: | +2.87% | |
| Price / MA50: | -1.20% | |
| Price / MA100: | -3.02% | |
| Price / MAexp7: | +0.81% | |
| Price / MAexp20: | +1.18% | |
| Price / MAexp50: | +1.67% | |
| Price / MAexp100: | +2.24% |
Quotes :
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15 min delayed data
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Germany Indices
News
Don't forget to follow the news on DAX40 PERF INDEX. At the time of publication of this analysis, the latest news was as follows:
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Trading the trend: Long DAX 40
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DAX Forecast October 5, 2022
-
Trading the Trend: How to trade the DAX downtrend
-
DAX Forecast September 28, 2022
-
DAX Forecast September 15, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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