DAX40 FULL0325 - 1H - Technical analysis published on 10/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
72%
6%
22%
My opinion
Bullish above 15,214.00 EUR
My targets
15,462.50 EUR (+1.25%)
15,596.25 EUR (+2.13%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for DAX40 FULL1223 as long as the price remains well above 15,214.00 EUR. The buyers' bullish objective is set at 15,462.50 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15,596.25 EUR. If there is any crossing, the next objective would be the resistance located at 15,647.00 EUR.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.6
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This analysis was given by ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX40 FULL1223 rating 15,271.00 EUR. The price registered an increase of +0.56% on the session with the lowest point at 15,203.00 EUR and the highest point at 15,303.00 EUR. The deviation from the price is +0.45% for the low point and -0.21% for the high point.15,203.00
15,303.00
15,271.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL1223 in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,163.00 | 15,214.00 | 15,265.14 | 15,271.00 | 15,462.50 | 15,596.25 | 15,647.00 |
| Change (%) | -0.71% | -0.37% | -0.04% | - | +1.25% | +2.13% | +2.46% |
| Change | -108.00 | -57.00 | -5.86 | - | +191.50 | +325.25 | +376.00 |
| Level | Minor | Major | Major | - | Minor | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 15,001.67 | 15,081.33 | 15,133.67 | 15,213.33 | 15,265.67 | 15,345.33 | 15,397.67 |
| Camarilla | 15,149.70 | 15,161.80 | 15,173.90 | 15,186.00 | 15,198.10 | 15,210.20 | 15,222.30 |
| Woodie | 14,988.00 | 15,074.50 | 15,120.00 | 15,206.50 | 15,252.00 | 15,338.50 | 15,384.00 |
| Fibonacci | 15,081.33 | 15,131.76 | 15,162.91 | 15,213.33 | 15,263.76 | 15,294.91 | 15,345.33 |
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 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): | 58.77 | |
| MACD (12,26,9): | 7.2200 | |
| Directional Movement: | 8.05 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 15,247.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,182.50 | |
| Elder Ray (13): | 24.25 | |
| Super Trend (3,10): | 15,167.75 | |
| Zig ZAG (10): | 15,292.00 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 79.71 | |
| TEMA (21): | 15,257.69 | |
| Williams %R (14): | -9.68 | |
| Chande Momentum Oscillator (20): | 70.00 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.46 |
| MA7: | 15,320.14 | |
| MA20: | 15,605.20 | |
| MA50: | 15,866.04 | |
| MA100: | 16,090.69 | |
| MAexp7: | 15,251.98 | |
| MAexp20: | 15,240.98 | |
| MAexp50: | 15,248.99 | |
| MAexp100: | 15,299.03 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -2.14% | |
| Price / MA50: | -3.75% | |
| Price / MA100: | -5.09% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | -0.18% |
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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