DAX40 FULL0325 - 1H - Technical analysis published on 09/29/2023 (GMT)
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- 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:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 15,427.62 EUR
My targets
15,783.00 EUR (+1.13%)
15,963.00 EUR (+2.28%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on DAX40 FULL1223. This is a positive signal for buyers. As long as the price remains above 15,427.62 EUR, a purchase could be considered. The first bullish objective is located at 15,783.00 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 15,963.00 EUR as an objective. Crossing it would then enable buyers to target 16,045.88 EUR. In the event of a return below 15,427.62 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
6.8
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Additional analysis
Quotes
The DAX40 FULL1223 rating is 15,607.00 EUR. The price registered an increase of +1.08% on the session and was traded between 15,422.00 EUR and 15,619.00 EUR over the period. The price is currently at +1.20% from its lowest and -0.08% from its highest.15,422.00
15,619.00
15,607.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 this 1H chart of DAX40 FULL1223 indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,336.00 | 15,427.62 | 15,596.25 | 15,607.00 | 15,783.00 | 15,963.00 | 16,045.88 |
| Change (%) | -1.74% | -1.15% | -0.07% | - | +1.13% | +2.28% | +2.81% |
| Change | -271.00 | -179.38 | -10.75 | - | +176.00 | +356.00 | +438.88 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,070.00 | 15,167.00 | 15,304.00 | 15,401.00 | 15,538.00 | 15,635.00 | 15,772.00 |
| Camarilla | 15,376.65 | 15,398.10 | 15,419.55 | 15,441.00 | 15,462.45 | 15,483.90 | 15,505.35 |
| Woodie | 15,090.00 | 15,177.00 | 15,324.00 | 15,411.00 | 15,558.00 | 15,645.00 | 15,792.00 |
| Fibonacci | 15,167.00 | 15,256.39 | 15,311.61 | 15,401.00 | 15,490.39 | 15,545.61 | 15,635.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,047.33 | 15,321.67 | 15,514.33 | 15,788.67 | 15,981.33 | 16,255.67 | 16,448.33 |
| Camarilla | 15,578.58 | 15,621.38 | 15,664.19 | 15,707.00 | 15,749.81 | 15,792.62 | 15,835.43 |
| Woodie | 15,006.50 | 15,301.25 | 15,473.50 | 15,768.25 | 15,940.50 | 16,235.25 | 16,407.50 |
| Fibonacci | 15,321.67 | 15,500.06 | 15,610.27 | 15,788.67 | 15,967.06 | 16,077.27 | 16,255.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,579.33 | 15,121.67 | 15,629.33 | 16,171.67 | 16,679.33 | 17,221.67 | 17,729.33 |
| Camarilla | 15,848.25 | 15,944.50 | 16,040.75 | 16,137.00 | 16,233.25 | 16,329.50 | 16,425.75 |
| Woodie | 14,562.00 | 15,113.00 | 15,612.00 | 16,163.00 | 16,662.00 | 17,213.00 | 17,712.00 |
| Fibonacci | 15,121.67 | 15,522.77 | 15,770.57 | 16,171.67 | 16,572.77 | 16,820.57 | 17,221.67 |
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): | 72.29 | |
| MACD (12,26,9): | 52.6500 | |
| Directional Movement: | 20.95 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 15,568.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,526.75 | |
| Elder Ray (13): | 62.53 | |
| Super Trend (3,10): | 15,473.71 | |
| Zig ZAG (10): | 15,609.00 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 91.66 | |
| TEMA (21): | 15,606.05 | |
| Williams %R (14): | -6.60 | |
| Chande Momentum Oscillator (20): | 180.00 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.70 |
| MA7: | 15,536.00 | |
| MA20: | 15,783.95 | |
| MA50: | 15,995.90 | |
| MA100: | 16,150.24 | |
| MAexp7: | 15,571.08 | |
| MAexp20: | 15,506.71 | |
| MAexp50: | 15,464.22 | |
| MAexp100: | 15,503.06 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | -1.12% | |
| Price / MA50: | -2.43% | |
| Price / MA100: | -3.36% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +0.92% | |
| Price / MAexp100: | +0.67% |
Quotes :
-
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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