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 11/02/2023 (GMT)

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Timeframe : Weekly
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

56%

17%

My opinion

Bearish under 3,039.48 EUR

My targets

2,813.38 EUR (-3.93%)

2,611.41 EUR (-10.83%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TECDAX30 INDEX as long as the price remains well below 3,039.48 EUR. The sellers' bearish objective is set at 2,813.38 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,611.41 EUR. In case of crossing, the next objective would be the support located at 2,202.23 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

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 2,928.44 EUR. The price is up +3.32% over 5 days and has been traded over the last 5 days between 2,788.38 EUR and 2,929.20 EUR. This implies that the 5 day price is +5.02% from its lowest point and -0.03% from its highest point.

2,788.38

2,929.20

2,928.44

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

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 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Weekly

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Weekly

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Weekly

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,202.23	2,611.41	2,813.38	2,928.44	3,039.48	3,338.57	3,583.38
Change (%)	-24.80%	-10.83%	-3.93%	-	+3.79%	+14.01%	+22.36%
Change	-726.21	-317.03	-115.06	-	+111.04	+410.13	+654.94
Level	Major	Major	Major	-	Minor	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	2,815.11	2,825.89	2,843.54	2,854.32	2,871.97	2,882.75	2,900.40
Camarilla	2,853.38	2,855.99	2,858.59	2,861.20	2,863.81	2,866.41	2,869.02
Woodie	2,818.56	2,827.61	2,846.99	2,856.04	2,875.42	2,884.47	2,903.85
Fibonacci	2,825.89	2,836.75	2,843.46	2,854.32	2,865.18	2,871.89	2,882.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,706.77	2,751.69	2,788.68	2,833.60	2,870.59	2,915.51	2,952.50
Camarilla	2,803.15	2,810.65	2,818.16	2,825.67	2,833.18	2,840.69	2,848.20
Woodie	2,702.81	2,749.71	2,784.72	2,831.62	2,866.63	2,913.53	2,948.54
Fibonacci	2,751.69	2,782.98	2,802.31	2,833.60	2,864.89	2,884.22	2,915.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,464.16	2,626.27	2,735.66	2,897.77	3,007.16	3,169.27	3,278.66
Camarilla	2,770.39	2,795.28	2,820.16	2,845.05	2,869.94	2,894.83	2,919.71
Woodie	2,437.80	2,613.09	2,709.30	2,884.59	2,980.80	3,156.09	3,252.30
Fibonacci	2,626.27	2,729.98	2,794.06	2,897.77	3,001.48	3,065.56	3,169.27

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):	40.14
MACD (12,26,9):	-78.0100
Directional Movement:	-13.50
AROON (14):	-100.00
DEMA (21):	2,959.97
Parabolic SAR (0,02-0,02-0,2):	3,141.16
Elder Ray (13):	-143.08
Super Trend (3,10):	3,158.13
Zig ZAG (10):	2,924.08
VORTEX (21):	0.8300
Stochastique (14,3,5):	10.18
TEMA (21):	2,888.36
Williams %R (14):	-75.14
Chande Momentum Oscillator (20):	-203.59
Repulse (5,40,3):	1.0500
ROCnROLL:	2
TRIX (15,9):	-0.2200
Courbe Coppock:	15.49

MA7:	2,846.84
MA20:	2,910.44
MA50:	3,004.00
MA100:	3,088.43
MAexp7:	2,939.93
MAexp20:	3,046.63
MAexp50:	3,113.02
MAexp100:	3,153.36
Price / MA7:	+2.87%
Price / MA20:	+0.62%
Price / MA50:	-2.52%
Price / MA100:	-5.18%
Price / MAexp7:	-0.39%
Price / MAexp20:	-3.88%
Price / MAexp50:	-5.93%
Price / MAexp100:	-7.13%

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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