TECDAX30 INDEX - Weekly - Technical analysis published on 11/11/2023 (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
33%
39%
28%
My opinion
Bearish under 3,039.48 EUR
My targets
2,813.38 EUR (-5.45%)
2,611.41 EUR (-12.23%)
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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by Liongate78. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TECDAX30 INDEX rating 2,975.45 EUR. Over 5 days, this instrument gained +0.64% and was traded between 2,922.41 EUR and 3,024.51 EUR over the period. The price is currently at +1.81% from its lowest point and -1.62% from its highest point.2,922.41
3,024.51
2,975.45
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 | 2,975.45 | 3,039.48 | 3,338.57 | 3,583.38 |
| Change (%) | -25.99% | -12.23% | -5.45% | - | +2.15% | +12.20% | +20.43% |
| Change | -773.22 | -364.04 | -162.07 | - | +64.03 | +363.12 | +607.93 |
| Level | Major | Major | Major | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,910.55 | 2,937.35 | 2,956.40 | 2,983.20 | 3,002.25 | 3,029.05 | 3,048.10 |
| Camarilla | 2,962.84 | 2,967.04 | 2,971.25 | 2,975.45 | 2,979.65 | 2,983.86 | 2,988.06 |
| Woodie | 2,906.68 | 2,935.41 | 2,952.53 | 2,981.26 | 2,998.38 | 3,027.11 | 3,044.23 |
| Fibonacci | 2,937.35 | 2,954.87 | 2,965.69 | 2,983.20 | 3,000.72 | 3,011.54 | 3,029.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,651.72 | 2,720.05 | 2,838.29 | 2,906.62 | 3,024.86 | 3,093.19 | 3,211.43 |
| Camarilla | 2,905.22 | 2,922.33 | 2,939.43 | 2,956.53 | 2,973.63 | 2,990.74 | 3,007.84 |
| Woodie | 2,676.68 | 2,732.53 | 2,863.25 | 2,919.10 | 3,049.82 | 3,105.67 | 3,236.39 |
| Fibonacci | 2,720.05 | 2,791.32 | 2,835.35 | 2,906.62 | 2,977.89 | 3,021.92 | 3,093.19 |
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): | 43.78 | |
| MACD (12,26,9): | -71.5900 | |
| Directional Movement: | -6.32 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 2,959.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,091.77 | |
| Elder Ray (13): | -27.64 | |
| Super Trend (3,10): | 3,158.13 | |
| Zig ZAG (10): | 2,975.45 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 27.30 | |
| TEMA (21): | 2,898.36 | |
| Williams %R (14): | -54.10 | |
| Chande Momentum Oscillator (20): | -84.68 | |
| Repulse (5,40,3): | 1.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 14.67 |
| MA7: | 2,968.45 | |
| MA20: | 2,901.36 | |
| MA50: | 2,984.08 | |
| MA100: | 3,075.82 | |
| MAexp7: | 2,954.89 | |
| MAexp20: | 3,042.49 | |
| MAexp50: | 3,108.85 | |
| MAexp100: | 3,150.53 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +2.55% | |
| Price / MA50: | -0.29% | |
| Price / MA100: | -3.26% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | -2.20% | |
| Price / MAexp50: | -4.29% | |
| Price / MAexp100: | -5.56% |
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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