TECDAX30 INDEX

- EUR (-)

- 15 min delayed data - Germany Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	TDXP
ISIN:	DE0007203275

TECDAX30 INDEX - Daily - Technical analysis published on 05/03/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

44%

39%

My opinion

Bearish under 3,289.45 EUR

My targets

3,199.76 EUR (-1.66%)

3,033.92 EUR (-6.76%)

My analysis

The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for TECDAX30 INDEX as long as the price remains well below 3,289.45 EUR. The sellers' bearish objective is set at 3,199.76 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,033.92 EUR. If there is any crossing, the next objective would be the support located at 2,897.54 EUR.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

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

Additional analysis

Quotes

TECDAX30 INDEX rating 3,253.92 EUR. The price registered a decrease of -0.02% on the session and was between 3,242.30 EUR and 3,264.40 EUR. This implies that the price is at +0.36% from its lowest and at -0.32% from its highest.

3,242.30

3,264.40

3,253.92

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by TECDAX30 INDEX:

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

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 TECDAX30 INDEX indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, only 8 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,897.54	3,033.92	3,199.76	3,253.92	3,289.45	3,590.41	3,752.95
Change (%)	-10.95%	-6.76%	-1.66%	-	+1.09%	+10.34%	+15.34%
Change	-356.38	-220.00	-54.16	-	+35.53	+336.49	+499.03
Level	Intermediate	Minor	Intermediate	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,197.41	3,224.66	3,239.57	3,266.82	3,281.73	3,308.98	3,323.89
Camarilla	3,242.90	3,246.76	3,250.63	3,254.49	3,258.36	3,262.22	3,266.08
Woodie	3,191.25	3,221.58	3,233.41	3,263.74	3,275.57	3,305.90	3,317.73
Fibonacci	3,224.66	3,240.76	3,250.71	3,266.82	3,282.92	3,292.87	3,308.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,143.28	3,187.68	3,228.26	3,272.66	3,313.24	3,357.64	3,398.22
Camarilla	3,245.47	3,253.26	3,261.05	3,268.84	3,276.63	3,284.42	3,292.21
Woodie	3,141.37	3,186.73	3,226.35	3,271.71	3,311.33	3,356.69	3,396.31
Fibonacci	3,187.68	3,220.14	3,240.20	3,272.66	3,305.12	3,325.18	3,357.64

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,076.65	3,147.73	3,208.29	3,279.37	3,339.93	3,411.01	3,471.57
Camarilla	3,232.64	3,244.71	3,256.77	3,268.84	3,280.91	3,292.97	3,305.04
Woodie	3,071.38	3,145.10	3,203.02	3,276.74	3,334.66	3,408.38	3,466.30
Fibonacci	3,147.73	3,198.02	3,229.09	3,279.37	3,329.66	3,360.73	3,411.01

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.79
MACD (12,26,9):	-2.8300
Directional Movement:	-0.99
AROON (14):	-28.57
DEMA (21):	3,274.60
Parabolic SAR (0,02-0,02-0,2):	3,300.47
Elder Ray (13):	-17.96
Super Trend (3,10):	3,210.34
Zig ZAG (10):	3,249.61
VORTEX (21):	0.9400
Stochastique (14,3,5):	29.26
TEMA (21):	3,260.22
Williams %R (14):	-77.36
Chande Momentum Oscillator (20):	-67.08
Repulse (5,40,3):	-0.7700
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	2.85

MA7:	3,264.62
MA20:	3,288.41
MA50:	3,261.56
MA100:	3,190.15
MAexp7:	3,262.33
MAexp20:	3,274.25
MAexp50:	3,255.48
MAexp100:	3,198.96
Price / MA7:	-0.33%
Price / MA20:	-1.05%
Price / MA50:	-0.23%
Price / MA100:	+2.00%
Price / MAexp7:	-0.26%
Price / MAexp20:	-0.62%
Price / MAexp50:	-0.05%
Price / MAexp100:	+1.72%

Quotes : - 15 min delayed data - Germany Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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