DAX40 FULL0925 - 1H - Technical analysis published on 02/02/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 15,213.90 EUR
My targets
15,562.67 EUR (+1.64%)
15,703.00 EUR (+2.55%)
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 FULL0323 as long as the price remains well above 15,213.90 EUR. The buyers' bullish objective is set at 15,562.67 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15,703.00 EUR. If there is any crossing, the next objective would be the resistance located at 16,320.00 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
The DAX40 FULL0323 price is 15,312.00 EUR. On the day, this instrument gained +0.61% and was between 15,302.00 EUR and 15,353.00 EUR. This implies that the price is at +0.07% from its lowest and at -0.27% from its highest.15,302.00
15,353.00
15,312.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL0323 in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 15,134.20 | 15,213.90 | 15,274.60 | 15,312.00 | 16,320.00 |
| Change (%) | -1.16% | -0.64% | -0.24% | - | +6.58% |
| Change | -177.80 | -98.10 | -37.40 | - | +1,008.00 |
| Level | Major | Intermediate | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,909.67 | 15,030.33 | 15,124.67 | 15,245.33 | 15,339.67 | 15,460.33 | 15,554.67 |
| Camarilla | 15,159.88 | 15,179.58 | 15,199.29 | 15,219.00 | 15,238.71 | 15,258.42 | 15,278.13 |
| Woodie | 14,896.50 | 15,023.75 | 15,111.50 | 15,238.75 | 15,326.50 | 15,453.75 | 15,541.50 |
| Fibonacci | 15,030.33 | 15,112.46 | 15,163.20 | 15,245.33 | 15,327.46 | 15,378.20 | 15,460.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,794.67 | 14,906.33 | 15,050.67 | 15,162.33 | 15,306.67 | 15,418.33 | 15,562.67 |
| Camarilla | 15,124.60 | 15,148.07 | 15,171.53 | 15,195.00 | 15,218.47 | 15,241.93 | 15,265.40 |
| Woodie | 14,811.00 | 14,914.50 | 15,067.00 | 15,170.50 | 15,323.00 | 15,426.50 | 15,579.00 |
| Fibonacci | 14,906.33 | 15,004.13 | 15,064.54 | 15,162.33 | 15,260.13 | 15,320.54 | 15,418.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,845.00 | 13,374.00 | 14,274.00 | 14,803.00 | 15,703.00 | 16,232.00 | 17,132.00 |
| Camarilla | 14,781.03 | 14,912.02 | 15,043.01 | 15,174.00 | 15,304.99 | 15,435.98 | 15,566.98 |
| Woodie | 13,030.50 | 13,466.75 | 14,459.50 | 14,895.75 | 15,888.50 | 16,324.75 | 17,317.50 |
| Fibonacci | 13,374.00 | 13,919.88 | 14,257.12 | 14,803.00 | 15,348.88 | 15,686.12 | 16,232.00 |
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): | 62.74 | |
| MACD (12,26,9): | 40.3500 | |
| Directional Movement: | 20.50 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 15,323.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,199.46 | |
| Elder Ray (13): | 27.95 | |
| Super Trend (3,10): | 15,214.27 | |
| Zig ZAG (10): | 15,316.00 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 78.37 | |
| TEMA (21): | 15,340.70 | |
| Williams %R (14): | -28.19 | |
| Chande Momentum Oscillator (20): | 122.00 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.54 |
| MA7: | 15,208.57 | |
| MA20: | 15,124.90 | |
| MA50: | 14,631.56 | |
| MA100: | 13,887.96 | |
| MAexp7: | 15,314.28 | |
| MAexp20: | 15,273.08 | |
| MAexp50: | 15,223.68 | |
| MAexp100: | 15,196.58 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | +1.24% | |
| Price / MA50: | +4.65% | |
| Price / MA100: | +10.25% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +0.76% |
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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