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DAX40 FULL0325
DAX40 FULL0325
- EUR (-)
- 15 min delayed data - EUREX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: DAXXXXX
ISIN: FDAXXXXX

DAX40 FULL0325 - 1H - Technical analysis published on 06/02/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 15,947.20 EUR
My targets
16,112.00 EUR (+0.33%)
16,299.50 EUR (+1.50%)
My analysis
DAX40 FULL0623 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15,947.20 EUR. The next resistance located at 16,112.00 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 16,299.50 EUR. After this resistance, buyers could then target 16,375.00 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

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.

koenakubheka
This analysis was given by koenakubheka. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The DAX40 FULL0623 rating is 16,059.00 EUR. The price has increased by +1.16% since the last closing with the lowest point at 15,900.00 EUR and the highest point at 16,071.00 EUR. The deviation from the price is +1.00% for the low point and -0.07% for the high point.

15,900.00
16,071.00
16,059.00

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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


A technical analysis in 1H of this DAX40 FULL0623 chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15,754.30 15,847.20 15,947.20 16,059.00 16,112.00 16,299.50 16,375.00
Change (%) -1.90% -1.32% -0.70% - +0.33% +1.50% +1.97%
Change -304.70 -211.80 -111.80 - +53.00 +240.50 +316.00
Level Intermediate Major Intermediate - Intermediate Minor 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
Standard15,551.0015,635.0015,755.0015,839.0015,959.0016,043.0016,163.00
Camarilla15,818.9015,837.6015,856.3015,875.0015,893.7015,912.4015,931.10
Woodie15,569.0015,644.0015,773.0015,848.0015,977.0016,052.0016,181.00
Fibonacci15,635.0015,712.9315,761.0715,839.0015,916.9315,965.0716,043.00


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15,140.3315,446.6715,730.3316,036.6716,320.3316,626.6716,910.33
Camarilla15,851.7515,905.8315,959.9216,014.0016,068.0816,122.1716,176.25
Woodie15,129.0015,441.0015,719.0016,031.0016,309.0016,621.0016,899.00
Fibonacci15,446.6715,672.0515,811.2916,036.6716,262.0516,401.2916,626.67


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14,691.6715,170.3315,417.6715,896.3316,143.6716,622.3316,869.67
Camarilla15,465.3515,531.9015,598.4515,665.0015,731.5515,798.1015,864.65
Woodie14,576.0015,112.5015,302.0015,838.5016,028.0016,564.5016,754.00
Fibonacci15,170.3315,447.6715,619.0015,896.3316,173.6716,345.0016,622.33

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): 74.94
MACD (12,26,9): 54.3800
Directional Movement: 21.99
AROON (14): 78.57
DEMA (21): 16,014.94
Parabolic SAR (0,02-0,02-0,2): 15,987.00
Elder Ray (13): 76.90
Super Trend (3,10): 15,951.25
Zig ZAG (10): 16,058.00
VORTEX (21): 1.2500
Stochastique (14,3,5): 90.75
TEMA (21): 16,058.86
Williams %R (14): -6.99
Chande Momentum Oscillator (20): 164.00
Repulse (5,40,3): 0.3100
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 1.82
MA7: 15,908.43
MA20: 16,005.65
MA50: 15,871.44
MA100: 15,682.29
MAexp7: 16,018.63
MAexp20: 15,950.43
MAexp50: 15,906.58
MAexp100: 15,917.86
Price / MA7: +0.95%
Price / MA20: +0.33%
Price / MA50: +1.18%
Price / MA100: +2.40%
Price / MAexp7: +0.25%
Price / MAexp20: +0.68%
Price / MAexp50: +0.96%
Price / MAexp100: +0.89%

Quotes : - 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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