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 - Weekly - Technical analysis published on 10/21/2023 (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

78%

17%

My opinion

Bearish under 3,039.48 EUR

My targets

2,611.41 EUR (-8.16%)

2,202.23 EUR (-22.55%)

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 2,611.41 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,202.23 EUR as an objective. Crossing it would then enable sellers to target 1,492.18 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish 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 Liongate78. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

TECDAX30 INDEX rating 2,843.38 EUR. Over 5 days, this instrument lost -3.52% and has been traded over the last 5 days between 2,841.40 EUR and 2,952.61 EUR. This implies that the 5 day price is +0.07% from its lowest point and -3.70% from its highest point.

2,841.40

2,952.61

2,843.38

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

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 LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of TECDAX30 INDEX in Weekly shows a overall strongly 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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Weekly

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. 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

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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	2,202.23	2,611.41	2,813.38	2,843.38	3,039.48	3,338.57	3,583.38
Change (%)	-22.55%	-8.16%	-1.06%	-	+6.90%	+17.42%	+26.03%
Change	-641.15	-231.97	-30.00	-	+196.10	+495.19	+740.00
Level	Major	Major	Intermediate	-	Major	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,788.31	2,814.85	2,829.12	2,855.66	2,869.93	2,896.47	2,910.74
Camarilla	2,832.16	2,835.90	2,839.64	2,843.38	2,847.12	2,850.86	2,854.60
Woodie	2,782.17	2,811.78	2,822.98	2,852.59	2,863.79	2,893.40	2,904.60
Fibonacci	2,814.85	2,830.44	2,840.07	2,855.66	2,871.25	2,880.88	2,896.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,797.08	2,872.16	2,909.71	2,984.79	3,022.34	3,097.42	3,134.97
Camarilla	2,916.28	2,926.60	2,936.93	2,947.25	2,957.57	2,967.90	2,978.22
Woodie	2,778.31	2,862.78	2,890.94	2,975.41	3,003.57	3,088.04	3,116.20
Fibonacci	2,872.16	2,915.19	2,941.77	2,984.79	3,027.82	3,054.40	3,097.42

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	32.62
MACD (12,26,9):	-65.3500
Directional Movement:	-16.19
AROON (14):	-85.71
DEMA (21):	3,015.04
Parabolic SAR (0,02-0,02-0,2):	3,226.67
Elder Ray (13):	-147.82
Super Trend (3,10):	3,225.89
Zig ZAG (10):	2,843.38
VORTEX (21):	0.8400
Stochastique (14,3,5):	6.48
TEMA (21):	2,947.27
Williams %R (14):	-99.60
Chande Momentum Oscillator (20):	-459.15
Repulse (5,40,3):	-7.8900
ROCnROLL:	2
TRIX (15,9):	-0.1500
Courbe Coppock:	12.80

MA7:	2,930.65
MA20:	2,971.28
MA50:	3,048.97
MA100:	3,122.48
MAexp7:	2,985.05
MAexp20:	3,083.94
MAexp50:	3,132.78
MAexp100:	3,164.44
Price / MA7:	-2.98%
Price / MA20:	-4.30%
Price / MA50:	-6.74%
Price / MA100:	-8.94%
Price / MAexp7:	-4.75%
Price / MAexp20:	-7.80%
Price / MAexp50:	-9.24%
Price / MAexp100:	-10.15%

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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