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 11/10/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 13,387.90 EUR

My targets

14,273.80 EUR (+4.45%)

14,973.30 EUR (+9.56%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DAX40 PERF INDEX as long as the price remains well above 13,387.90 EUR. The buyers' bullish objective is set at 14,273.80 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14,973.30 EUR. If there is any crossing, the next objective would be the resistance located at 15,490.40 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.5

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 ASHIQ ALI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DAX40 PERF INDEX rating 13,666.32 EUR. On the day, this instrument lost -0.16% with the lowest point at 13,557.08 EUR and the highest point at 13,691.12 EUR. The deviation from the price is +0.81% for the low point and -0.18% for the high point.

13,557.08

13,691.12

13,666.32

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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 strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12,657.10	13,123.50	13,387.90	13,666.32	13,789.00	14,273.80	14,973.30
Change (%)	-7.38%	-3.97%	-2.04%	-	+0.90%	+4.45%	+9.56%
Change	-1,009.22	-542.82	-278.42	-	+122.68	+607.48	+1,306.98
Level	Major	Intermediate	Major	-	Major	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,451.19	13,504.13	13,585.23	13,638.17	13,719.27	13,772.21	13,853.31
Camarilla	13,629.46	13,641.75	13,654.03	13,666.32	13,678.61	13,690.89	13,703.18
Woodie	13,465.26	13,511.17	13,599.30	13,645.21	13,733.34	13,779.25	13,867.38
Fibonacci	13,504.13	13,555.34	13,586.97	13,638.17	13,689.38	13,721.01	13,772.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,621.17	12,821.90	13,140.88	13,341.61	13,660.59	13,861.32	14,180.30
Camarilla	13,316.93	13,364.57	13,412.21	13,459.85	13,507.49	13,555.13	13,602.77
Woodie	12,680.29	12,851.46	13,200.00	13,371.17	13,719.71	13,890.88	14,239.42
Fibonacci	12,821.90	13,020.43	13,143.08	13,341.61	13,540.14	13,662.79	13,861.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,916.27	11,405.11	12,329.42	12,818.26	13,742.57	14,231.41	15,155.72
Camarilla	12,865.12	12,994.66	13,124.20	13,253.74	13,383.28	13,512.82	13,642.36
Woodie	11,134.02	11,513.98	12,547.17	12,927.13	13,960.32	14,340.28	15,373.47
Fibonacci	11,405.11	11,944.93	12,278.43	12,818.26	13,358.08	13,691.58	14,231.41

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):	70.98
MACD (12,26,9):	253.4900
Directional Movement:	17.40
AROON (14):	92.86
DEMA (21):	13,445.65
Parabolic SAR (0,02-0,02-0,2):	13,084.79
Elder Ray (13):	324.23
Super Trend (3,10):	12,963.16
Zig ZAG (10):	13,666.32
VORTEX (21):	1.2700
Stochastique (14,3,5):	96.81
TEMA (21):	13,671.96
Williams %R (14):	-2.17
Chande Momentum Oscillator (20):	734.87
Repulse (5,40,3):	2.8000
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	12.32

MA7:	13,439.16
MA20:	13,070.52
MA50:	12,789.06
MA100:	12,996.38
MAexp7:	13,472.64
MAexp20:	13,152.75
MAexp50:	12,979.79
MAexp100:	13,142.65
Price / MA7:	+1.69%
Price / MA20:	+4.56%
Price / MA50:	+6.86%
Price / MA100:	+5.15%
Price / MAexp7:	+1.44%
Price / MAexp20:	+3.90%
Price / MAexp50:	+5.29%
Price / MAexp100:	+3.98%

Quotes : - 15 min delayed data - Germany Indices

News

The latest news and videos published on DAX40 PERF INDEX at the time of the analysis were as follows:

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

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