TECDAX30 INDEX - Weekly - Technical analysis published on 10/13/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 3,039.48 EUR
My targets
2,813.38 EUR (-5.53%)
2,611.41 EUR (-12.31%)
My analysis
The bearish trend is currently very strong for TECDAX30 INDEX. As long as the price remains below the resistance at 3,039.48 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,813.38 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,611.41 EUR as an objective. Crossing it would then enable sellers to target 2,202.23 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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This analysis was given by Liongate78. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TECDAX30 INDEX rating is 2,977.98 EUR. Over 5 days, this instrument lost -0.72% and has been traded over the last 5 days between 2,967.63 EUR and 3,059.88 EUR. This implies that the 5 day price is +0.35% from its lowest point and -2.68% from its highest point.2,967.63
3,059.88
2,977.98
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TECDAX30 INDEX:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this TECDAX30 INDEX chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,202.23 | 2,611.41 | 2,813.38 | 2,977.98 | 3,039.48 | 3,338.57 | 3,583.38 |
| Change (%) | -26.05% | -12.31% | -5.53% | - | +2.07% | +12.11% | +20.33% |
| Change | -775.75 | -366.57 | -164.60 | - | +61.50 | +360.59 | +605.40 |
| Level | Major | Major | Intermediate | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,991.82 | 3,009.35 | 3,022.26 | 3,039.79 | 3,052.70 | 3,070.23 | 3,083.14 |
| Camarilla | 3,026.80 | 3,029.59 | 3,032.38 | 3,035.17 | 3,037.96 | 3,040.75 | 3,043.54 |
| Woodie | 2,989.51 | 3,008.20 | 3,019.95 | 3,038.64 | 3,050.39 | 3,069.08 | 3,080.83 |
| Fibonacci | 3,009.35 | 3,020.98 | 3,028.16 | 3,039.79 | 3,051.42 | 3,058.60 | 3,070.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,840.08 | 2,887.29 | 2,943.38 | 2,990.59 | 3,046.68 | 3,093.89 | 3,149.98 |
| Camarilla | 2,971.06 | 2,980.53 | 2,990.00 | 2,999.47 | 3,008.94 | 3,018.41 | 3,027.88 |
| Woodie | 2,844.52 | 2,889.51 | 2,947.82 | 2,992.81 | 3,051.12 | 3,096.11 | 3,154.42 |
| Fibonacci | 2,887.29 | 2,926.75 | 2,951.13 | 2,990.59 | 3,030.05 | 3,054.43 | 3,093.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,700.94 | 2,830.26 | 2,925.02 | 3,054.34 | 3,149.10 | 3,278.42 | 3,373.18 |
| Camarilla | 2,958.16 | 2,978.70 | 2,999.24 | 3,019.78 | 3,040.32 | 3,060.86 | 3,081.40 |
| Woodie | 2,683.66 | 2,821.62 | 2,907.74 | 3,045.70 | 3,131.82 | 3,269.78 | 3,355.90 |
| Fibonacci | 2,830.26 | 2,915.86 | 2,968.74 | 3,054.34 | 3,139.94 | 3,192.82 | 3,278.42 |
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): | 38.73 | |
| MACD (12,26,9): | -48.8200 | |
| Directional Movement: | -10.21 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 3,061.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,252.08 | |
| Elder Ray (13): | -68.57 | |
| Super Trend (3,10): | 3,313.44 | |
| Zig ZAG (10): | 2,976.11 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 14.23 | |
| TEMA (21): | 3,007.43 | |
| Williams %R (14): | -89.99 | |
| Chande Momentum Oscillator (20): | -252.14 | |
| Repulse (5,40,3): | -3.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 10.14 |
| MA7: | 3,005.95 | |
| MA20: | 3,005.05 | |
| MA50: | 3,073.10 | |
| MA100: | 3,138.73 | |
| MAexp7: | 3,040.47 | |
| MAexp20: | 3,112.13 | |
| MAexp50: | 3,145.58 | |
| MAexp100: | 3,171.36 | |
| Price / MA7: | -0.93% | |
| Price / MA20: | -0.90% | |
| Price / MA50: | -3.10% | |
| Price / MA100: | -5.12% | |
| Price / MAexp7: | -2.06% | |
| Price / MAexp20: | -4.31% | |
| Price / MAexp50: | -5.33% | |
| Price / MAexp100: | -6.10% |
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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