DAX40 FULL0925 - Daily - Technical analysis published on 01/27/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 15,743.30 EUR
My targets
15,100.90 EUR (-1.61%)
14,916.00 EUR (-2.81%)
My analysis
DAX40 FULL0322 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 15,743.30 EUR. The next support located at 15,100.90 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 14,916.00 EUR. Below this support, sellers could then target 13,778.50 EUR.
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
6.1
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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 15,348.00 EUR. On the day, this instrument lost -0.68% and was between 15,037.00 EUR and 15,409.00 EUR. This implies that the price is at +2.07% from its lowest and at -0.40% from its highest.15,037.00
15,409.00
15,348.00
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL0322 in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced 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.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14,916.00 | 15,100.90 | 15,313.60 | 15,348.00 | 15,423.60 | 15,743.30 | 15,975.00 |
| Change (%) | -2.81% | -1.61% | -0.22% | - | +0.49% | +2.58% | +4.09% |
| Change | -432.00 | -247.10 | -34.40 | - | +75.60 | +395.30 | +627.00 |
| Level | Major | Major | Major | - | Minor | Intermediate | Major |
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 | 14,781.00 | 14,953.00 | 15,203.00 | 15,375.00 | 15,625.00 | 15,797.00 | 16,047.00 |
| Camarilla | 15,336.95 | 15,375.63 | 15,414.32 | 15,453.00 | 15,491.68 | 15,530.37 | 15,569.05 |
| Woodie | 14,820.00 | 14,972.50 | 15,242.00 | 15,394.50 | 15,664.00 | 15,816.50 | 16,086.00 |
| Fibonacci | 14,953.00 | 15,114.20 | 15,213.80 | 15,375.00 | 15,536.20 | 15,635.80 | 15,797.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,830.33 | 15,133.67 | 15,352.33 | 15,655.67 | 15,874.33 | 16,177.67 | 16,396.33 |
| Camarilla | 15,427.45 | 15,475.30 | 15,523.15 | 15,571.00 | 15,618.85 | 15,666.70 | 15,714.55 |
| Woodie | 14,788.00 | 15,112.50 | 15,310.00 | 15,634.50 | 15,832.00 | 16,156.50 | 16,354.00 |
| Fibonacci | 15,133.67 | 15,333.07 | 15,456.26 | 15,655.67 | 15,855.07 | 15,978.26 | 16,177.67 |
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): | 40.97 | |
| MACD (12,26,9): | -112.2600 | |
| Directional Movement: | -17.52 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 15,530.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,757.21 | |
| Elder Ray (13): | -341.55 | |
| Super Trend (3,10): | 15,964.81 | |
| Zig ZAG (10): | 15,320.00 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 37.15 | |
| TEMA (21): | 15,398.63 | |
| Williams %R (14): | -60.69 | |
| Chande Momentum Oscillator (20): | -670.00 | |
| Repulse (5,40,3): | 0.6200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 6.74 |
| MA7: | 15,454.43 | |
| MA20: | 15,778.85 | |
| MA50: | 15,687.20 | |
| MA100: | 15,616.68 | |
| MAexp7: | 15,442.99 | |
| MAexp20: | 15,634.44 | |
| MAexp50: | 15,681.91 | |
| MAexp100: | 15,629.34 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | -2.73% | |
| Price / MA50: | -2.16% | |
| Price / MA100: | -1.72% | |
| Price / MAexp7: | -0.62% | |
| Price / MAexp20: | -1.83% | |
| Price / MAexp50: | -2.13% | |
| Price / MAexp100: | -1.80% |
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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