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DAX40 PERF INDEX
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 - 1H - Technical analysis published on 11/15/2023 (GMT)

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  • Timeframe : 1H
  • - 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 15,529.03 EUR
My targets
15,951.46 EUR (+1.51%)
16,271.75 EUR (+3.55%)
My analysis
DAX40 PERF INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15,529.03 EUR. The next resistance located at 15,951.46 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 16,271.75 EUR. After this resistance, buyers could then target 16,469.75 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

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.

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

Additional analysis

Quotes

The DAX40 PERF INDEX price is 15,713.61 EUR. The price registered an increase of +0.64% on the session and was between 15,628.19 EUR and 15,721.39 EUR. This implies that the price is at +0.55% from its lowest and at -0.05% from its highest.

15,628.19
15,721.39
15,713.61

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 for higher/lower results shows an item:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of DAX40 PERF INDEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15,212.10 15,270.07 15,529.03 15,713.61 15,951.46 16,271.75 16,469.75
Change (%) -3.19% -2.82% -1.17% - +1.51% +3.55% +4.81%
Change -501.51 -443.54 -184.58 - +237.85 +558.14 +756.14
Level Minor Intermediate Major - Intermediate Major Intermediate



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
Standard15,129.0315,233.3215,423.8715,528.1615,718.7115,823.0016,013.55
Camarilla15,533.3515,560.3815,587.4015,614.4315,641.4615,668.4815,695.51
Woodie15,172.1715,254.8915,467.0115,549.7315,761.8515,844.5716,056.69
Fibonacci15,233.3215,345.9515,415.5315,528.1615,640.7915,710.3715,823.00


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14,784.0214,926.1415,080.2615,222.3815,376.5015,518.6215,672.74
Camarilla15,152.9215,180.0815,207.2415,234.3915,261.5515,288.7015,315.86
Woodie14,790.0314,929.1415,086.2715,225.3815,382.5115,521.6215,678.75
Fibonacci14,926.1415,039.3015,109.2115,222.3815,335.5415,405.4515,518.62


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13,490.2014,060.2114,435.2715,005.2815,380.3415,950.3516,325.41
Camarilla14,550.4514,637.0814,723.7114,810.3414,896.9714,983.6015,070.23
Woodie13,392.7414,011.4714,337.8114,956.5415,282.8815,901.6116,227.95
Fibonacci14,060.2114,421.2214,644.2615,005.2815,366.2915,589.3315,950.35

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): 86.43
MACD (12,26,9): 95.4900
Directional Movement: 46.32
AROON (14): 100.00
DEMA (21): 15,593.71
Parabolic SAR (0,02-0,02-0,2): 15,438.03
Elder Ray (13): 163.17
Super Trend (3,10): 15,567.70
Zig ZAG (10): 15,714.98
VORTEX (21): 1.5000
Stochastique (14,3,5): 95.10
TEMA (21): 15,610.69
Williams %R (14): -0.77
Chande Momentum Oscillator (20): 420.99
Repulse (5,40,3): 0.7400
ROCnROLL: 1
TRIX (15,9): 0.0600
Courbe Coppock: 4.12
MA7: 15,378.36
MA20: 15,068.63
MA50: 15,290.59
MA100: 15,613.75
MAexp7: 15,609.17
MAexp20: 15,439.20
MAexp50: 15,321.06
MAexp100: 15,215.26
Price / MA7: +2.18%
Price / MA20: +4.28%
Price / MA50: +2.77%
Price / MA100: +0.64%
Price / MAexp7: +0.67%
Price / MAexp20: +1.78%
Price / MAexp50: +2.56%
Price / MAexp100: +3.28%

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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