DAX40 FULL0325 - 1H - Technical analysis published on 08/20/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 15,771.30 EUR
My targets
15,615.00 EUR (-0.51%)
15,507.00 EUR (-1.20%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DAX30 FULL0921 as long as the price remains well below 15,771.30 EUR. The sellers' bearish objective is set at 15,615.00 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15,507.00 EUR. In case of crossing, the next objective would be the support located at 15,112.40 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, 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
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX30 FULL0921 price is 15,695.00 EUR. On the day, this instrument lost -0.32% and was between 15,647.00 EUR and 15,809.00 EUR. This implies that the price is at +0.31% from its lowest and at -0.72% from its highest.15,647.00
15,809.00
15,695.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DAX30 FULL0921 chart shows a sharp bearish trend. The signals given by moving averages are 92.86% 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 bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,112.40 | 15,507.00 | 15,615.00 | 15,695.00 | 15,712.20 | 15,771.30 | 15,920.00 |
| Change (%) | -3.71% | -1.20% | -0.51% | - | +0.11% | +0.49% | +1.43% |
| Change | -582.60 | -188.00 | -80.00 | - | +17.20 | +76.30 | +225.00 |
| Level | Minor | Major | Minor | - | Intermediate | 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 | 15,331.00 | 15,473.00 | 15,609.00 | 15,751.00 | 15,887.00 | 16,029.00 | 16,165.00 |
| Camarilla | 15,668.55 | 15,694.03 | 15,719.52 | 15,745.00 | 15,770.48 | 15,795.97 | 15,821.45 |
| Woodie | 15,328.00 | 15,471.50 | 15,606.00 | 15,749.50 | 15,884.00 | 16,027.50 | 16,162.00 |
| Fibonacci | 15,473.00 | 15,579.20 | 15,644.80 | 15,751.00 | 15,857.20 | 15,922.80 | 16,029.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,426.33 | 15,555.67 | 15,765.33 | 15,894.67 | 16,104.33 | 16,233.67 | 16,443.33 |
| Camarilla | 15,881.78 | 15,912.85 | 15,943.93 | 15,975.00 | 16,006.08 | 16,037.15 | 16,068.23 |
| Woodie | 15,466.50 | 15,575.75 | 15,805.50 | 15,914.75 | 16,144.50 | 16,253.75 | 16,483.50 |
| Fibonacci | 15,555.67 | 15,685.17 | 15,765.17 | 15,894.67 | 16,024.17 | 16,104.17 | 16,233.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,350.00 | 14,691.00 | 15,120.00 | 15,461.00 | 15,890.00 | 16,231.00 | 16,660.00 |
| Camarilla | 15,337.25 | 15,407.83 | 15,478.42 | 15,549.00 | 15,619.58 | 15,690.17 | 15,760.75 |
| Woodie | 14,394.00 | 14,713.00 | 15,164.00 | 15,483.00 | 15,934.00 | 16,253.00 | 16,704.00 |
| Fibonacci | 14,691.00 | 14,985.14 | 15,166.86 | 15,461.00 | 15,755.14 | 15,936.86 | 16,231.00 |
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): | 35.24 | |
| MACD (12,26,9): | -28.0800 | |
| Directional Movement: | -21.72 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 15,717.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,807.64 | |
| Elder Ray (13): | -44.00 | |
| Super Trend (3,10): | 15,643.57 | |
| Zig ZAG (10): | 15,677.00 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 34.88 | |
| TEMA (21): | 15,708.34 | |
| Williams %R (14): | -72.73 | |
| Chande Momentum Oscillator (20): | -110.00 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.26 |
| MA7: | 15,869.71 | |
| MA20: | 15,724.70 | |
| MA50: | 15,639.68 | |
| MA100: | 15,492.60 | |
| MAexp7: | 15,725.32 | |
| MAexp20: | 15,754.60 | |
| MAexp50: | 15,804.21 | |
| MAexp100: | 15,831.70 | |
| Price / MA7: | -1.10% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | +0.35% | |
| Price / MA100: | +1.31% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -0.86% |
Quotes :
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15 min delayed data
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EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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