TECDAX30 INDEX - 1H - Technical analysis published on 07/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 2,920.93 EUR
My targets
2,967.99 EUR (+1.17%)
2,988.01 EUR (+1.85%)
My analysis
TECDAX30 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 2,920.93 EUR. The next resistance located at 2,967.99 EUR is the next bullish target 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 2,988.01 EUR. After this resistance, buyers could then target 3,007.24 EUR.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TECDAX30 INDEX rating 2,933.60 EUR. The price is lower by -0.14% since the last closing with the lowest point at 2,925.13 EUR and the highest point at 2,961.59 EUR. The deviation from the price is +0.29% for the low point and -0.95% for the high point.2,925.13
2,961.59
2,933.60
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this TECDAX30 INDEX chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This 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.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,813.38 | 2,857.28 | 2,920.93 | 2,933.60 | 2,967.99 | 2,988.01 | 3,007.24 |
| Change (%) | -4.10% | -2.60% | -0.43% | - | +1.17% | +1.85% | +2.51% |
| Change | -120.22 | -76.32 | -12.67 | - | +34.39 | +54.41 | +73.64 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Intermediate |
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 | 2,842.83 | 2,862.18 | 2,899.87 | 2,919.22 | 2,956.91 | 2,976.26 | 3,013.95 |
| Camarilla | 2,921.87 | 2,927.10 | 2,932.33 | 2,937.56 | 2,942.79 | 2,948.02 | 2,953.25 |
| Woodie | 2,852.00 | 2,866.77 | 2,909.04 | 2,923.81 | 2,966.08 | 2,980.85 | 3,023.12 |
| Fibonacci | 2,862.18 | 2,883.97 | 2,897.43 | 2,919.22 | 2,941.01 | 2,954.47 | 2,976.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,717.02 | 2,787.39 | 2,862.47 | 2,932.84 | 3,007.92 | 3,078.29 | 3,153.37 |
| Camarilla | 2,897.56 | 2,910.89 | 2,924.23 | 2,937.56 | 2,950.89 | 2,964.23 | 2,977.56 |
| Woodie | 2,719.39 | 2,788.57 | 2,864.84 | 2,934.02 | 3,010.29 | 3,079.47 | 3,155.74 |
| Fibonacci | 2,787.39 | 2,842.95 | 2,877.28 | 2,932.84 | 2,988.40 | 3,022.73 | 3,078.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,248.79 | 2,512.35 | 2,698.98 | 2,962.54 | 3,149.17 | 3,412.73 | 3,599.36 |
| Camarilla | 2,761.82 | 2,803.09 | 2,844.35 | 2,885.62 | 2,926.89 | 2,968.16 | 3,009.42 |
| Woodie | 2,210.34 | 2,493.12 | 2,660.53 | 2,943.31 | 3,110.72 | 3,393.50 | 3,560.91 |
| Fibonacci | 2,512.35 | 2,684.32 | 2,790.56 | 2,962.54 | 3,134.51 | 3,240.75 | 3,412.73 |
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): | 52.72 | |
| MACD (12,26,9): | 5.8600 | |
| Directional Movement: | -3.11 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 2,931.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,926.25 | |
| Elder Ray (13): | 1.05 | |
| Super Trend (3,10): | 2,899.13 | |
| Zig ZAG (10): | 2,930.21 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 66.60 | |
| TEMA (21): | 2,942.12 | |
| Williams %R (14): | -42.71 | |
| Chande Momentum Oscillator (20): | 25.52 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 3.40 |
| MA7: | 2,943.62 | |
| MA20: | 2,914.99 | |
| MA50: | 2,995.57 | |
| MA100: | 3,089.51 | |
| MAexp7: | 2,935.74 | |
| MAexp20: | 2,927.07 | |
| MAexp50: | 2,926.97 | |
| MAexp100: | 2,925.74 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | -2.07% | |
| Price / MA100: | -5.05% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.27% |
Quotes :
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15 min delayed data
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Germany Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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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…
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