DAX40 FULL0325 - 1H - Technical analysis published on 04/07/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 14,344.00 EUR
My targets
14,042.00 EUR (-1.31%)
13,778.50 EUR (-3.17%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 14,344.00 EUR remains possible. It is advisable to trade DAX40 FULL0622 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 14,344.00 EUR. The next bearish objective for sellers is set at 14,042.00 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13,778.50 EUR. In case of crossing, the next objective would be the support located at 12,650.00 EUR. PS: if there is a bullish break in the resistance located at 14,344.00 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.4
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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 FULL0622 rating is 14,229.00 EUR. The price has increased by +0.57% since the last closing with the lowest point at 14,090.00 EUR and the highest point at 14,336.00 EUR. The deviation from the price is +0.99% for the low point and -0.75% for the high point.14,090.00
14,336.00
14,229.00
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
Technical analysis of this 1H chart of DAX40 FULL0622 indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13,778.50 | 14,042.00 | 14,228.00 | 14,229.00 | 14,344.00 | 14,623.00 | 14,747.40 |
| Change (%) | -3.17% | -1.31% | -0.01% | - | +0.81% | +2.77% | +3.64% |
| Change | -450.50 | -187.00 | -1.00 | - | +115.00 | +394.00 | +518.40 |
| Level | Major | Minor | Intermediate | - | 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 | 13,564.00 | 13,803.00 | 13,976.00 | 14,215.00 | 14,388.00 | 14,627.00 | 14,800.00 |
| Camarilla | 14,035.70 | 14,073.47 | 14,111.23 | 14,149.00 | 14,186.77 | 14,224.53 | 14,262.30 |
| Woodie | 13,531.00 | 13,786.50 | 13,943.00 | 14,198.50 | 14,355.00 | 14,610.50 | 14,767.00 |
| Fibonacci | 13,803.00 | 13,960.38 | 14,057.62 | 14,215.00 | 14,372.38 | 14,469.62 | 14,627.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,584.33 | 13,949.67 | 14,214.33 | 14,579.67 | 14,844.33 | 15,209.67 | 15,474.33 |
| Camarilla | 14,305.75 | 14,363.50 | 14,421.25 | 14,479.00 | 14,536.75 | 14,594.50 | 14,652.25 |
| Woodie | 13,534.00 | 13,924.50 | 14,164.00 | 14,554.50 | 14,794.00 | 15,184.50 | 15,424.00 |
| Fibonacci | 13,949.67 | 14,190.33 | 14,339.01 | 14,579.67 | 14,820.33 | 14,969.01 | 15,209.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,398.67 | 11,423.33 | 12,895.67 | 13,920.33 | 15,392.67 | 16,417.33 | 17,889.67 |
| Camarilla | 13,681.33 | 13,910.22 | 14,139.11 | 14,368.00 | 14,596.89 | 14,825.78 | 15,054.68 |
| Woodie | 10,622.50 | 11,535.25 | 13,119.50 | 14,032.25 | 15,616.50 | 16,529.25 | 18,113.50 |
| Fibonacci | 11,423.33 | 12,377.19 | 12,966.48 | 13,920.33 | 14,874.19 | 15,463.48 | 16,417.33 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.77 | |
| MACD (12,26,9): | -13.3300 | |
| Directional Movement: | 9.43 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 14,173.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,153.13 | |
| Elder Ray (13): | 38.80 | |
| Super Trend (3,10): | 14,278.94 | |
| Zig ZAG (10): | 14,234.00 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 70.95 | |
| TEMA (21): | 14,211.39 | |
| Williams %R (14): | -41.46 | |
| Chande Momentum Oscillator (20): | 129.00 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.95 |
| MA7: | 14,401.29 | |
| MA20: | 14,344.80 | |
| MA50: | 14,549.48 | |
| MA100: | 15,129.88 | |
| MAexp7: | 14,219.85 | |
| MAexp20: | 14,205.24 | |
| MAexp50: | 14,277.59 | |
| MAexp100: | 14,360.79 | |
| Price / MA7: | -1.20% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | -2.20% | |
| Price / MA100: | -5.95% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.92% |
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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