DAX40 FULL0625 - 1H - Technical analysis published on 04/11/2022 (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
22%
33%
44%
My opinion
Bearish under 14,342.60 EUR
My targets
14,045.50 EUR (-0.94%)
13,690.00 EUR (-3.45%)
My analysis
DAX40 FULL0622 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 14,342.60 EUR. The next support located at 14,045.50 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 13,690.00 EUR. Below this support, sellers could then target 12,668.00 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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
DAX40 FULL0622 rating 14,179.00 EUR. The price registered a decrease of -0.69% on the session and was between 14,107.00 EUR and 14,321.00 EUR. This implies that the price is at +0.51% from its lowest and at -0.99% from its highest.14,107.00
14,321.00
14,179.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX40 FULL0622:
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 strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,668.00 | 13,690.00 | 14,045.50 | 14,179.00 | 14,208.00 | 14,342.60 | 14,623.00 |
| Change (%) | -10.66% | -3.45% | -0.94% | - | +0.20% | +1.15% | +3.13% |
| Change | -1,511.00 | -489.00 | -133.50 | - | +29.00 | +163.60 | +444.00 |
| Level | Major | Major | Major | - | 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 | 13,987.33 | 14,071.67 | 14,174.33 | 14,258.67 | 14,361.33 | 14,445.67 | 14,548.33 |
| Camarilla | 14,225.58 | 14,242.72 | 14,259.86 | 14,277.00 | 14,294.14 | 14,311.28 | 14,328.43 |
| Woodie | 13,996.50 | 14,076.25 | 14,183.50 | 14,263.25 | 14,370.50 | 14,450.25 | 14,557.50 |
| Fibonacci | 14,071.67 | 14,143.10 | 14,187.23 | 14,258.67 | 14,330.10 | 14,374.23 | 14,445.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,424.00 | 13,733.00 | 14,005.00 | 14,314.00 | 14,586.00 | 14,895.00 | 15,167.00 |
| Camarilla | 14,117.23 | 14,170.48 | 14,223.74 | 14,277.00 | 14,330.26 | 14,383.52 | 14,436.78 |
| Woodie | 13,405.50 | 13,723.75 | 13,986.50 | 14,304.75 | 14,567.50 | 14,885.75 | 15,148.50 |
| Fibonacci | 13,733.00 | 13,954.94 | 14,092.06 | 14,314.00 | 14,535.94 | 14,673.06 | 14,895.00 |
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 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): | 45.02 | |
| MACD (12,26,9): | -7.4400 | |
| Directional Movement: | -0.05 | |
| AROON (14): | 0 | |
| DEMA (21): | 14,208.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,119.58 | |
| Elder Ray (13): | -24.61 | |
| Super Trend (3,10): | 14,117.38 | |
| Zig ZAG (10): | 14,180.00 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 50.93 | |
| TEMA (21): | 14,203.97 | |
| Williams %R (14): | -63.55 | |
| Chande Momentum Oscillator (20): | -80.00 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.72 |
| MA7: | 14,308.29 | |
| MA20: | 14,386.50 | |
| MA50: | 14,495.74 | |
| MA100: | 15,088.27 | |
| MAexp7: | 14,207.36 | |
| MAexp20: | 14,215.56 | |
| MAexp50: | 14,231.91 | |
| MAexp100: | 14,280.70 | |
| Price / MA7: | -0.90% | |
| Price / MA20: | -1.44% | |
| Price / MA50: | -2.19% | |
| Price / MA100: | -6.03% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.71% |
Quotes :
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15 min delayed data
-
EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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