TECDAX30 INDEX - 1H - Technical analysis published on 07/28/2022 (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
72%
6%
22%
My opinion
Bullish above 2,990.77 EUR
My targets
3,077.97 EUR (+1.37%)
3,205.56 EUR (+5.57%)
My analysis
The bullish trend is currently very strong on TECDAX30 INDEX. As long as the price remains above the support at 2,990.77 EUR, you could try to benefit from the boom. The first bullish objective is located at 3,077.97 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3,205.56 EUR as an objective. Crossing it would then enable buyers to target 3,289.45 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TECDAX30 INDEX price is 3,036.52 EUR. The price registered a decrease of -0.01% on the session with the lowest point at 3,023.89 EUR and the highest point at 3,062.98 EUR. The deviation from the price is +0.42% for the low point and -0.86% for the high point.3,023.89
3,062.98
3,036.52
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
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 strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Ichimoku : price is over the cloud
Type : Bullish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,857.75 | 2,923.01 | 2,990.77 | 3,036.52 | 3,043.37 | 3,077.97 | 3,289.45 |
| Change (%) | -5.89% | -3.74% | -1.51% | - | +0.23% | +1.37% | +8.33% |
| Change | -178.77 | -113.51 | -45.75 | - | +6.85 | +41.45 | +252.93 |
| Level | Minor | Intermediate | Major | - | Minor | 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 | 2,939.17 | 2,963.22 | 3,000.00 | 3,024.05 | 3,060.83 | 3,084.88 | 3,121.66 |
| Camarilla | 3,020.06 | 3,025.64 | 3,031.21 | 3,036.79 | 3,042.37 | 3,047.94 | 3,053.52 |
| Woodie | 2,945.55 | 2,966.40 | 3,006.38 | 3,027.23 | 3,067.21 | 3,088.06 | 3,128.04 |
| Fibonacci | 2,963.22 | 2,986.45 | 3,000.81 | 3,024.05 | 3,047.28 | 3,061.64 | 3,084.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,715.21 | 2,793.60 | 2,921.19 | 2,999.58 | 3,127.17 | 3,205.56 | 3,333.15 |
| Camarilla | 2,992.14 | 3,011.02 | 3,029.90 | 3,048.78 | 3,067.66 | 3,086.54 | 3,105.43 |
| Woodie | 2,739.81 | 2,805.90 | 2,945.79 | 3,011.88 | 3,151.77 | 3,217.86 | 3,357.75 |
| Fibonacci | 2,793.60 | 2,872.28 | 2,920.90 | 2,999.58 | 3,078.26 | 3,126.88 | 3,205.56 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.11 | |
| MACD (12,26,9): | 4.2400 | |
| Directional Movement: | 8.55 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 3,027.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,018.80 | |
| Elder Ray (13): | 4.57 | |
| Super Trend (3,10): | 3,003.47 | |
| Zig ZAG (10): | 3,034.89 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 61.86 | |
| TEMA (21): | 3,028.26 | |
| Williams %R (14): | -37.56 | |
| Chande Momentum Oscillator (20): | 41.36 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.77 |
| MA7: | 3,022.26 | |
| MA20: | 2,962.52 | |
| MA50: | 2,993.37 | |
| MA100: | 3,081.47 | |
| MAexp7: | 3,031.17 | |
| MAexp20: | 3,023.22 | |
| MAexp50: | 3,012.96 | |
| MAexp100: | 2,990.48 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +2.50% | |
| Price / MA50: | +1.44% | |
| Price / MA100: | -1.46% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +0.78% | |
| Price / MAexp100: | +1.54% |
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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