DAX40 FULL0325 - 1H - Technical analysis published on 10/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 15,214.00 EUR
My targets
14,837.33 EUR (-2.06%)
14,390.00 EUR (-5.01%)
My analysis
The bearish trend is currently very strong for DAX40 FULL1223. As long as the price remains below the resistance at 15,214.00 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 14,837.33 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14,390.00 EUR as an objective. Crossing it would then enable sellers to target 13,861.83 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by J luis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX40 FULL1223 rating 15,149.00 EUR. The price registered a decrease of -0.43% on the session and was between 15,136.00 EUR and 15,217.00 EUR. This implies that the price is at +0.09% from its lowest and at -0.45% from its highest.15,136.00
15,217.00
15,149.00
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
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DAX40 FULL1223 indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being 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 decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,566.00 | 13,861.83 | 14,390.00 | 15,149.00 | 15,214.00 | 15,462.50 | 15,596.25 |
| Change (%) | -17.05% | -8.50% | -5.01% | - | +0.43% | +2.07% | +2.95% |
| Change | -2,583.00 | -1,287.17 | -759.00 | - | +65.00 | +313.50 | +447.25 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 14,934.67 | 15,058.33 | 15,136.67 | 15,260.33 | 15,338.67 | 15,462.33 | 15,540.67 |
| Camarilla | 15,159.45 | 15,177.97 | 15,196.48 | 15,215.00 | 15,233.52 | 15,252.03 | 15,270.55 |
| Woodie | 14,912.00 | 15,047.00 | 15,114.00 | 15,249.00 | 15,316.00 | 15,451.00 | 15,518.00 |
| Fibonacci | 15,058.33 | 15,135.50 | 15,183.17 | 15,260.33 | 15,337.50 | 15,385.17 | 15,462.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,837.33 | 15,050.67 | 15,288.33 | 15,501.67 | 15,739.33 | 15,952.67 | 16,190.33 |
| Camarilla | 15,401.98 | 15,443.32 | 15,484.66 | 15,526.00 | 15,567.34 | 15,608.68 | 15,650.03 |
| Woodie | 14,849.50 | 15,056.75 | 15,300.50 | 15,507.75 | 15,751.50 | 15,958.75 | 16,202.50 |
| Fibonacci | 15,050.67 | 15,222.95 | 15,329.39 | 15,501.67 | 15,673.95 | 15,780.39 | 15,952.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,210.67 | 14,737.33 | 15,131.67 | 15,658.33 | 16,052.67 | 16,579.33 | 16,973.67 |
| Camarilla | 15,272.73 | 15,357.15 | 15,441.58 | 15,526.00 | 15,610.43 | 15,694.85 | 15,779.28 |
| Woodie | 14,144.50 | 14,704.25 | 15,065.50 | 15,625.25 | 15,986.50 | 16,546.25 | 16,907.50 |
| Fibonacci | 14,737.33 | 15,089.16 | 15,306.51 | 15,658.33 | 16,010.16 | 16,227.51 | 16,579.33 |
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): | 35.46 | |
| MACD (12,26,9): | -52.9900 | |
| Directional Movement: | -16.28 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 15,154.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,222.01 | |
| Elder Ray (13): | -25.82 | |
| Super Trend (3,10): | 15,284.19 | |
| Zig ZAG (10): | 15,157.00 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 12.69 | |
| TEMA (21): | 15,142.78 | |
| Williams %R (14): | -85.44 | |
| Chande Momentum Oscillator (20): | -113.00 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.49 |
| MA7: | 15,350.00 | |
| MA20: | 15,669.00 | |
| MA50: | 15,921.08 | |
| MA100: | 16,116.99 | |
| MAexp7: | 15,176.64 | |
| MAexp20: | 15,225.99 | |
| MAexp50: | 15,311.58 | |
| MAexp100: | 15,389.13 | |
| Price / MA7: | -1.31% | |
| Price / MA20: | -3.32% | |
| Price / MA50: | -4.85% | |
| Price / MA100: | -6.01% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.51% | |
| Price / MAexp50: | -1.06% | |
| Price / MAexp100: | -1.56% |
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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