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 10/31/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

33%

50%

My opinion

Bullish above

My targets

()

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at remains possible. It is advisable to trade DAX40 PERF INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above . The next bullish objective for buyers is set at . A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.7

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

Additional analysis

Quotes

The DAX40 PERF INDEX price is 19,257.34 EUR. The price registered a decrease of -1.13% on the session and was traded between 19,201.24 EUR and 19,420.94 EUR over the period. The price is currently at +0.29% from its lowest and -0.84% from its highest.

19,201.24

19,420.94

19,257.34

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 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 bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	17,737.11	18,490.66	18,869.36	19,257.34	19,657.37
Change (%)	-7.89%	-3.98%	-2.01%	-	+2.08%
Change	-1,520.23	-766.68	-387.98	-	+400.03
Level	Intermediate	Intermediate	Major	-	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18,945.71	19,073.47	19,165.41	19,293.17	19,385.11	19,512.87	19,604.81
Camarilla	19,196.92	19,217.06	19,237.20	19,257.34	19,277.48	19,297.62	19,317.76
Woodie	18,927.79	19,064.52	19,147.49	19,284.22	19,367.19	19,503.92	19,586.89
Fibonacci	19,073.47	19,157.40	19,209.25	19,293.17	19,377.10	19,428.95	19,512.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18,999.22	19,164.66	19,314.13	19,479.57	19,629.04	19,794.48	19,943.95
Camarilla	19,376.99	19,405.86	19,434.72	19,463.59	19,492.46	19,521.32	19,550.19
Woodie	18,991.23	19,160.67	19,306.14	19,475.58	19,621.05	19,790.49	19,935.96
Fibonacci	19,164.66	19,284.96	19,359.28	19,479.57	19,599.87	19,674.19	19,794.48

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,242.11	17,725.48	18,525.20	19,008.57	19,808.29	20,291.66	21,091.38
Camarilla	18,972.08	19,089.70	19,207.31	19,324.93	19,442.55	19,560.16	19,677.78
Woodie	17,400.30	17,804.57	18,683.39	19,087.66	19,966.48	20,370.75	21,249.57
Fibonacci	17,725.48	18,215.62	18,518.43	19,008.57	19,498.71	19,801.52	20,291.66

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):	49.49
MACD (12,26,9):	126.9500
Directional Movement:	3.07
AROON (14):	35.71
DEMA (21):	19,535.09
Parabolic SAR (0,02-0,02-0,2):	19,643.12
Elder Ray (13):	-91.50
Super Trend (3,10):	19,048.11
Zig ZAG (10):	19,257.34
VORTEX (21):	0.9700
Stochastique (14,3,5):	52.58
TEMA (21):	19,497.80
Williams %R (14):	-83.65
Chande Momentum Oscillator (20):	-250.95
Repulse (5,40,3):	-1.5300
ROCnROLL:	-1
TRIX (15,9):	0.1300
Courbe Coppock:	2.11

MA7:	19,424.74
MA20:	19,362.45
MA50:	19,013.03
MA100:	18,608.59
MAexp7:	19,416.95
MAexp20:	19,343.35
MAexp50:	19,053.97
MAexp100:	18,721.57
Price / MA7:	-0.86%
Price / MA20:	-0.54%
Price / MA50:	+1.28%
Price / MA100:	+3.49%
Price / MAexp7:	-0.82%
Price / MAexp20:	-0.44%
Price / MAexp50:	+1.07%
Price / MAexp100:	+2.86%

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.

About author

Londinia AI

Online

Overall rating :

15238

Number of analyses :

84298

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…