DAX40 FULL0925 - Daily - Technical analysis published on 05/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 14,236.00 EUR
My targets
13,391.00 EUR (-2.45%)
12,668.00 EUR (-7.72%)
My analysis
The bearish trend is currently very strong for DAX40 FULL0622. As long as the price remains below the resistance at 14,236.00 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 13,391.00 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12,668.00 EUR as an objective. Crossing it would then enable sellers to target 11,515.30 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 not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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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 FULL0622 rating is 13,728.00 EUR. The price is lower by -1.89% since the last closing with the lowest point at 13,687.00 EUR and the highest point at 13,921.00 EUR. The deviation from the price is +0.30% for the low point and -1.39% for the high point.13,687.00
13,921.00
13,728.00
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
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 DAX40 FULL0622 in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,668.00 | 13,391.00 | 13,690.00 | 13,728.00 | 14,236.00 | 15,028.00 | 15,917.30 |
| Change (%) | -7.72% | -2.45% | -0.28% | - | +3.70% | +9.47% | +15.95% |
| Change | -1,060.00 | -337.00 | -38.00 | - | +508.00 | +1,300.00 | +2,189.30 |
| Level | Major | Minor | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,409.67 | 13,632.33 | 13,812.67 | 14,035.33 | 14,215.67 | 14,438.33 | 14,618.67 |
| Camarilla | 13,882.18 | 13,919.12 | 13,956.06 | 13,993.00 | 14,029.94 | 14,066.88 | 14,103.83 |
| Woodie | 13,388.50 | 13,621.75 | 13,791.50 | 14,024.75 | 14,194.50 | 14,427.75 | 14,597.50 |
| Fibonacci | 13,632.33 | 13,786.28 | 13,881.39 | 14,035.33 | 14,189.28 | 14,284.39 | 14,438.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,716.00 | 12,994.00 | 13,504.00 | 13,782.00 | 14,292.00 | 14,570.00 | 15,080.00 |
| Camarilla | 13,797.30 | 13,869.53 | 13,941.77 | 14,014.00 | 14,086.23 | 14,158.47 | 14,230.70 |
| Woodie | 12,832.00 | 13,052.00 | 13,620.00 | 13,840.00 | 14,408.00 | 14,628.00 | 15,196.00 |
| Fibonacci | 12,994.00 | 13,295.02 | 13,480.98 | 13,782.00 | 14,083.02 | 14,268.98 | 14,570.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,412.33 | 12,994.67 | 13,458.33 | 14,040.67 | 14,504.33 | 15,086.67 | 15,550.33 |
| Camarilla | 13,634.35 | 13,730.23 | 13,826.12 | 13,922.00 | 14,017.88 | 14,113.77 | 14,209.65 |
| Woodie | 12,353.00 | 12,965.00 | 13,399.00 | 14,011.00 | 14,445.00 | 15,057.00 | 15,491.00 |
| Fibonacci | 12,994.67 | 13,394.24 | 13,641.10 | 14,040.67 | 14,440.24 | 14,687.10 | 15,086.67 |
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): | 45.04 | |
| MACD (12,26,9): | -76.0200 | |
| Directional Movement: | -4.76 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 13,806.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,382.64 | |
| Elder Ray (13): | -82.42 | |
| Super Trend (3,10): | 14,485.78 | |
| Zig ZAG (10): | 13,733.00 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 66.22 | |
| TEMA (21): | 13,833.23 | |
| Williams %R (14): | -55.81 | |
| Chande Momentum Oscillator (20): | -290.00 | |
| Repulse (5,40,3): | -1.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 1.95 |
| MA7: | 13,885.86 | |
| MA20: | 13,878.05 | |
| MA50: | 14,107.16 | |
| MA100: | 14,664.41 | |
| MAexp7: | 13,882.13 | |
| MAexp20: | 13,921.63 | |
| MAexp50: | 14,137.54 | |
| MAexp100: | 14,495.55 | |
| Price / MA7: | -1.14% | |
| Price / MA20: | -1.08% | |
| Price / MA50: | -2.69% | |
| Price / MA100: | -6.39% | |
| Price / MAexp7: | -1.11% | |
| Price / MAexp20: | -1.39% | |
| Price / MAexp50: | -2.90% | |
| Price / MAexp100: | -5.30% |
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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