DAX40 FULL0625 - 1H - Technical analysis published on 01/10/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 15,975.00 EUR
My targets
15,787.00 EUR (-0.74%)
15,710.00 EUR (-1.22%)
My analysis
The bearish trend is currently very strong for DAX40 FULL0322. As long as the price remains below the resistance at 15,975.00 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 15,787.00 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15,710.00 EUR as an objective. Crossing it would then enable sellers to target 15,641.70 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
0
10
7.7
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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
DAX40 FULL0322 rating 15,904.00 EUR. The price is lower by -0.12% since the last closing and was between 15,823.00 EUR and 16,003.00 EUR. This implies that the price is at +0.51% from its lowest and at -0.62% from its highest.15,823.00
16,003.00
15,904.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DAX40 FULL0322 indicates that the overall trend is strongly bearish. 92.86% 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.
In fact, according to the parameters integrated into the Central Analyzer system, 11 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 : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,710.00 | 15,787.00 | 15,881.50 | 15,904.00 | 15,975.00 | 16,061.00 | 16,144.00 |
| Change (%) | -1.22% | -0.74% | -0.14% | - | +0.45% | +0.99% | +1.51% |
| Change | -194.00 | -117.00 | -22.50 | - | +71.00 | +157.00 | +240.00 |
| Level | Minor | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,602.00 | 15,725.00 | 15,824.00 | 15,947.00 | 16,046.00 | 16,169.00 | 16,268.00 |
| Camarilla | 15,861.95 | 15,882.30 | 15,902.65 | 15,923.00 | 15,943.35 | 15,963.70 | 15,984.05 |
| Woodie | 15,590.00 | 15,719.00 | 15,812.00 | 15,941.00 | 16,034.00 | 16,163.00 | 16,256.00 |
| Fibonacci | 15,725.00 | 15,809.80 | 15,862.20 | 15,947.00 | 16,031.80 | 16,084.20 | 16,169.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,323.33 | 15,583.67 | 15,753.33 | 16,013.67 | 16,183.33 | 16,443.67 | 16,613.33 |
| Camarilla | 15,804.75 | 15,844.17 | 15,883.58 | 15,923.00 | 15,962.42 | 16,001.83 | 16,041.25 |
| Woodie | 15,278.00 | 15,561.00 | 15,708.00 | 15,991.00 | 16,138.00 | 16,421.00 | 16,568.00 |
| Fibonacci | 15,583.67 | 15,747.93 | 15,849.41 | 16,013.67 | 16,177.93 | 16,279.41 | 16,443.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,341.00 | 14,692.00 | 15,263.00 | 15,614.00 | 16,185.00 | 16,536.00 | 17,107.00 |
| Camarilla | 15,580.45 | 15,664.97 | 15,749.48 | 15,834.00 | 15,918.52 | 16,003.03 | 16,087.55 |
| Woodie | 14,451.00 | 14,747.00 | 15,373.00 | 15,669.00 | 16,295.00 | 16,591.00 | 17,217.00 |
| Fibonacci | 14,692.00 | 15,044.20 | 15,261.80 | 15,614.00 | 15,966.20 | 16,183.80 | 16,536.00 |
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): | 39.54 | |
| MACD (12,26,9): | -23.9600 | |
| Directional Movement: | -21.97 | |
| AROON (14): | 0 | |
| DEMA (21): | 15,907.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,999.40 | |
| Elder Ray (13): | -38.01 | |
| Super Trend (3,10): | 16,052.99 | |
| Zig ZAG (10): | 15,889.00 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 44.26 | |
| TEMA (21): | 15,907.01 | |
| Williams %R (14): | -57.78 | |
| Chande Momentum Oscillator (20): | -58.00 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.20 |
| MA7: | 15,993.57 | |
| MA20: | 15,751.25 | |
| MA50: | 15,766.88 | |
| MA100: | 15,631.71 | |
| MAexp7: | 15,915.82 | |
| MAexp20: | 15,938.96 | |
| MAexp50: | 15,982.54 | |
| MAexp100: | 15,992.23 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +0.87% | |
| Price / MA100: | +1.74% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -0.55% |
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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