DAX40 FULL0325 - 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 (-0.35%)
15,710.00 EUR (-0.84%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DAX40 FULL0322 as long as the price remains well below 15,975.00 EUR. The sellers' bearish objective is set at 15,787.00 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15,710.00 EUR. In case of crossing, the next objective would be the support located at 15,641.70 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
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
The DAX40 FULL0322 price is 15,843.00 EUR. The price is lower by -0.50% since the last closing with the lowest point at 15,820.00 EUR and the highest point at 16,003.00 EUR. The deviation from the price is +0.15% for the low point and -1.00% for the high point.15,820.00
16,003.00
15,843.00
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
A technical analysis in 1H of this DAX40 FULL0322 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,641.70 | 15,710.00 | 15,787.00 | 15,843.00 | 15,881.50 | 15,975.00 | 16,061.00 |
| Change (%) | -1.27% | -0.84% | -0.35% | - | +0.24% | +0.83% | +1.38% |
| Change | -201.30 | -133.00 | -56.00 | - | +38.50 | +132.00 | +218.00 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 15,602.00 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.07 | |
| MACD (12,26,9): | -32.6900 | |
| Directional Movement: | -24.97 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 15,879.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,992.41 | |
| Elder Ray (13): | -74.84 | |
| Super Trend (3,10): | 15,989.10 | |
| Zig ZAG (10): | 15,829.00 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 19.23 | |
| TEMA (21): | 15,871.89 | |
| Williams %R (14): | -93.44 | |
| Chande Momentum Oscillator (20): | -106.00 | |
| Repulse (5,40,3): | -0.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.61 |
| MA7: | 15,984.29 | |
| MA20: | 15,748.85 | |
| MA50: | 15,765.88 | |
| MA100: | 15,631.25 | |
| MAexp7: | 15,883.85 | |
| MAexp20: | 15,921.88 | |
| MAexp50: | 15,972.00 | |
| MAexp100: | 15,986.54 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | +0.60% | |
| Price / MA50: | +0.49% | |
| Price / MA100: | +1.35% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | -0.81% | |
| Price / MAexp100: | -0.90% |
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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