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 09/11/2024 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

33%

My opinion

Bearish under 18,490.66 EUR

My targets

18,240.17 EUR (-0.54%)

18,009.44 EUR (-1.80%)

My analysis

The bearish basic trend is very strong on DAX40 PERF INDEX but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 18,490.66 EUR. Crossing the first support at 18,240.17 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 18,009.44 EUR as an objective. Crossing it would then enable sellers to target 17,737.11 EUR. Caution, a return to above the resistance located at 18,490.66 EUR would be a sign of a possible consolidation phase of the short-term basic trend. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

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

Additional analysis

Quotes

DAX40 PERF INDEX rating 18,339.32 EUR. On the day, this instrument gained +0.40% and was between 18,317.80 EUR and 18,367.22 EUR. This implies that the price is at +0.12% from its lowest and at -0.15% from its highest.

18,317.80

18,367.22

18,339.32

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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 results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of DAX40 PERF INDEX in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17,737.11	18,009.44	18,240.17	18,339.32	18,351.71	18,490.66	18,674.04
Change (%)	-3.28%	-1.80%	-0.54%	-	+0.07%	+0.83%	+1.83%
Change	-602.21	-329.88	-99.15	-	+12.39	+151.34	+334.72
Level	Major	Minor	Minor	-	Minor	Major	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	17,912.81	18,073.33	18,169.63	18,330.15	18,426.45	18,586.97	18,683.27
Camarilla	18,195.30	18,218.84	18,242.38	18,265.92	18,289.46	18,313.00	18,336.55
Woodie	17,880.69	18,057.28	18,137.51	18,314.10	18,394.33	18,570.92	18,651.15
Fibonacci	18,073.33	18,171.44	18,232.05	18,330.15	18,428.26	18,488.87	18,586.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,338.53	17,806.75	18,054.33	18,522.55	18,770.13	19,238.35	19,485.93
Camarilla	18,105.06	18,170.67	18,236.29	18,301.90	18,367.52	18,433.13	18,498.75
Woodie	17,228.20	17,751.59	17,944.00	18,467.39	18,659.80	19,183.19	19,375.60
Fibonacci	17,806.75	18,080.19	18,249.12	18,522.55	18,795.99	18,964.92	19,238.35

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,685.03	16,354.93	17,630.92	18,300.82	19,576.81	20,246.71	21,522.70
Camarilla	18,371.80	18,550.17	18,728.55	18,906.92	19,085.29	19,263.67	19,442.04
Woodie	15,988.09	16,506.45	17,933.98	18,452.34	19,879.87	20,398.23	21,825.76
Fibonacci	16,354.93	17,098.26	17,557.49	18,300.82	19,044.15	19,503.38	20,246.71

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):	42.87
MACD (12,26,9):	-61.2600
Directional Movement:	-10.38
AROON (14):	-42.86
DEMA (21):	18,303.18
Parabolic SAR (0,02-0,02-0,2):	18,457.30
Elder Ray (13):	-11.05
Super Trend (3,10):	18,467.98
Zig ZAG (10):	18,340.14
VORTEX (21):	0.9400
Stochastique (14,3,5):	31.64
TEMA (21):	18,304.14
Williams %R (14):	-59.36
Chande Momentum Oscillator (20):	-86.17
Repulse (5,40,3):	-0.2100
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	0.96

MA7:	18,466.07
MA20:	18,548.07
MA50:	18,330.95
MA100:	18,366.62
MAexp7:	18,327.61
MAexp20:	18,386.23
MAexp50:	18,496.96
MAexp100:	18,537.18
Price / MA7:	-0.69%
Price / MA20:	-1.13%
Price / MA50:	+0.05%
Price / MA100:	-0.15%
Price / MAexp7:	+0.06%
Price / MAexp20:	-0.26%
Price / MAexp50:	-0.85%
Price / MAexp100:	-1.07%

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.

About author

Londinia AI

Online

Overall rating :

15352

Number of analyses :

86974

Followers :

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…