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 11/29/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 19,295.86 EUR

My targets

19,461.12 EUR (+0.28%)

19,563.97 EUR (+0.81%)

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 19,295.86 EUR. The next resistance located at 19,461.12 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 19,563.97 EUR. After this resistance, buyers could then target 19,657.37 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

7.7

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

Additional analysis

Quotes

The DAX40 PERF INDEX rating is 19,407.46 EUR. The price registered a decrease of -0.09% on the session and was between 19,380.21 EUR and 19,426.29 EUR. This implies that the price is at +0.14% from its lowest and at -0.10% from its highest.

19,380.21

19,426.29

19,407.46

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 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 LOW record (1 month)

Type : Bearish

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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19,006.92	19,145.50	19,295.86	19,407.46	19,461.12	19,563.97	19,657.37
Change (%)	-2.06%	-1.35%	-0.58%	-	+0.28%	+0.81%	+1.29%
Change	-400.54	-261.96	-111.60	-	+53.66	+156.51	+249.91
Level	Intermediate	Intermediate	Minor	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19,278.04	19,312.32	19,369.02	19,403.30	19,460.00	19,494.28	19,550.98
Camarilla	19,400.71	19,409.05	19,417.39	19,425.73	19,434.07	19,442.41	19,450.75
Woodie	19,289.26	19,317.93	19,380.24	19,408.91	19,471.22	19,499.89	19,562.20
Fibonacci	19,312.32	19,347.07	19,368.54	19,403.30	19,438.05	19,459.52	19,494.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18,451.81	18,632.17	18,977.38	19,157.74	19,502.95	19,683.31	20,028.52
Camarilla	19,178.06	19,226.24	19,274.41	19,322.59	19,370.77	19,418.95	19,467.12
Woodie	18,534.24	18,673.38	19,059.81	19,198.95	19,585.38	19,724.52	20,110.95
Fibonacci	18,632.17	18,832.94	18,956.97	19,157.74	19,358.51	19,482.54	19,683.31

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18,004.99	18,458.35	18,767.95	19,221.31	19,530.91	19,984.27	20,293.87
Camarilla	18,867.73	18,937.66	19,007.60	19,077.54	19,147.48	19,217.42	19,287.35
Woodie	17,933.10	18,422.41	18,696.06	19,185.37	19,459.02	19,948.33	20,221.98
Fibonacci	18,458.35	18,749.80	18,929.86	19,221.31	19,512.76	19,692.82	19,984.27

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):	57.08
MACD (12,26,9):	35.8200
Directional Movement:	1.45
AROON (14):	28.57
DEMA (21):	19,402.34
Parabolic SAR (0,02-0,02-0,2):	19,238.49
Elder Ray (13):	23.52
Super Trend (3,10):	19,265.72
Zig ZAG (10):	19,391.94
VORTEX (21):	1.0100
Stochastique (14,3,5):	87.98
TEMA (21):	19,413.19
Williams %R (14):	-18.02
Chande Momentum Oscillator (20):	141.32
Repulse (5,40,3):	-0.0300
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	1.75

MA7:	19,321.44
MA20:	19,224.09
MA50:	19,264.77
MA100:	18,814.61
MAexp7:	19,397.01
MAexp20:	19,357.31
MAexp50:	19,300.47
MAexp100:	19,262.92
Price / MA7:	+0.45%
Price / MA20:	+0.95%
Price / MA50:	+0.74%
Price / MA100:	+3.15%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.55%
Price / MAexp100:	+0.75%

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.

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