DAX40 FULL0625 - 1H - Technical analysis published on 09/07/2022 (GMT)
- 132
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 12,719.40 EUR
My targets
13,053.30 EUR (+1.02%)
13,346.70 EUR (+3.29%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DAX40 FULL0922 as long as the price remains well above 12,719.40 EUR. The buyers' bullish objective is set at 13,053.30 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13,346.70 EUR. If there is any crossing, the next objective would be the resistance located at 13,655.00 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX40 FULL0922 rating 12,922.00 EUR. On the day, this instrument gained +0.49% and was between 12,700.00 EUR and 12,959.00 EUR. This implies that the price is at +1.75% from its lowest and at -0.29% from its highest.12,700.00
12,959.00
12,922.00
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
Here is a more detailed summary of the historical variations registered by DAX40 FULL0922:
Near a new LOW record (1 year)
Type : Bearish
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 FULL0922 in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,284.50 | 12,633.00 | 12,719.40 | 12,922.00 | 12,929.00 | 13,053.30 | 13,346.70 |
| Change (%) | -4.93% | -2.24% | -1.57% | - | +0.05% | +1.02% | +3.29% |
| Change | -637.50 | -289.00 | -202.60 | - | +7.00 | +131.30 | +424.70 |
| Level | Intermediate | Major | Intermediate | - | 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 | 12,535.67 | 12,628.33 | 12,743.67 | 12,836.33 | 12,951.67 | 13,044.33 | 13,159.67 |
| Camarilla | 12,801.80 | 12,820.87 | 12,839.93 | 12,859.00 | 12,878.07 | 12,897.13 | 12,916.20 |
| Woodie | 12,547.00 | 12,634.00 | 12,755.00 | 12,842.00 | 12,963.00 | 13,050.00 | 13,171.00 |
| Fibonacci | 12,628.33 | 12,707.79 | 12,756.88 | 12,836.33 | 12,915.79 | 12,964.88 | 13,044.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,151.33 | 12,374.67 | 12,708.33 | 12,931.67 | 13,265.33 | 13,488.67 | 13,822.33 |
| Camarilla | 12,888.83 | 12,939.88 | 12,990.94 | 13,042.00 | 13,093.06 | 13,144.12 | 13,195.18 |
| Woodie | 12,206.50 | 12,402.25 | 12,763.50 | 12,959.25 | 13,320.50 | 13,516.25 | 13,877.50 |
| Fibonacci | 12,374.67 | 12,587.44 | 12,718.89 | 12,931.67 | 13,144.44 | 13,275.89 | 13,488.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,083.67 | 11,892.33 | 12,352.67 | 13,161.33 | 13,621.67 | 14,430.33 | 14,890.67 |
| Camarilla | 12,464.03 | 12,580.35 | 12,696.68 | 12,813.00 | 12,929.33 | 13,045.65 | 13,161.98 |
| Woodie | 10,909.50 | 11,805.25 | 12,178.50 | 13,074.25 | 13,447.50 | 14,343.25 | 14,716.50 |
| Fibonacci | 11,892.33 | 12,377.09 | 12,676.58 | 13,161.33 | 13,646.09 | 13,945.58 | 14,430.33 |
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): | 66.63 | |
| MACD (12,26,9): | 23.5000 | |
| Directional Movement: | 18.39 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 12,845.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,733.89 | |
| Elder Ray (13): | 84.37 | |
| Super Trend (3,10): | 12,718.07 | |
| Zig ZAG (10): | 12,942.00 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 90.82 | |
| TEMA (21): | 12,863.13 | |
| Williams %R (14): | -4.63 | |
| Chande Momentum Oscillator (20): | 233.00 | |
| Repulse (5,40,3): | 1.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.40 |
| MA7: | 12,850.57 | |
| MA20: | 13,239.65 | |
| MA50: | 13,178.88 | |
| MA100: | 13,498.22 | |
| MAexp7: | 12,861.14 | |
| MAexp20: | 12,820.87 | |
| MAexp50: | 12,800.00 | |
| MAexp100: | 12,815.36 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | -2.40% | |
| Price / MA50: | -1.95% | |
| Price / MA100: | -4.27% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | +0.95% | |
| Price / MAexp100: | +0.83% |
Quotes :
-
15 min delayed data
-
EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis DAX40 FULL0625 - 1H