DAX40 FULL0625 - 1H - Technical analysis published on 10/19/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 15,209.00 EUR
My targets
14,876.33 EUR (-1.51%)
14,563.67 EUR (-3.58%)
My analysis
DAX40 FULL1223 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 15,209.00 EUR. The next support located at 14,876.33 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 14,563.67 EUR. Below this support, sellers could then target 13,861.83 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.7
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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 15,105.00 EUR. The price is lower by -0.62% since the last closing and was traded between 15,084.00 EUR and 15,173.00 EUR over the period. The price is currently at +0.14% from its lowest and -0.45% from its highest.15,084.00
15,173.00
15,105.00
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
Here is a more detailed summary of the historical variations registered by DAX40 FULL1223:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DAX40 FULL1223 chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,858.70 | 12,566.00 | 13,861.83 | 15,105.00 | 15,209.00 | 15,407.67 | 15,596.25 |
| Change (%) | -28.11% | -16.81% | -8.23% | - | +0.69% | +2.00% | +3.25% |
| Change | -4,246.30 | -2,539.00 | -1,243.17 | - | +104.00 | +302.67 | +491.25 |
| Level | Minor | Major | Intermediate | - | Major | 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 | 14,829.33 | 14,979.67 | 15,089.33 | 15,239.67 | 15,349.33 | 15,499.67 | 15,609.33 |
| Camarilla | 15,127.50 | 15,151.33 | 15,175.17 | 15,199.00 | 15,222.83 | 15,246.67 | 15,270.50 |
| Woodie | 14,809.00 | 14,969.50 | 15,069.00 | 15,229.50 | 15,329.00 | 15,489.50 | 15,589.00 |
| Fibonacci | 14,979.67 | 15,078.99 | 15,140.35 | 15,239.67 | 15,338.99 | 15,400.35 | 15,499.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,563.67 | 14,876.33 | 15,058.67 | 15,371.33 | 15,553.67 | 15,866.33 | 16,048.67 |
| Camarilla | 15,104.88 | 15,150.25 | 15,195.63 | 15,241.00 | 15,286.38 | 15,331.75 | 15,377.13 |
| Woodie | 14,498.50 | 14,843.75 | 14,993.50 | 15,338.75 | 15,488.50 | 15,833.75 | 15,983.50 |
| Fibonacci | 14,876.33 | 15,065.42 | 15,182.24 | 15,371.33 | 15,560.42 | 15,677.24 | 15,866.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,184.00 | 14,724.00 | 15,105.00 | 15,645.00 | 16,026.00 | 16,566.00 | 16,947.00 |
| Camarilla | 15,232.73 | 15,317.15 | 15,401.58 | 15,486.00 | 15,570.43 | 15,654.85 | 15,739.28 |
| Woodie | 14,104.50 | 14,684.25 | 15,025.50 | 15,605.25 | 15,946.50 | 16,526.25 | 16,867.50 |
| Fibonacci | 14,724.00 | 15,075.82 | 15,293.18 | 15,645.00 | 15,996.82 | 16,214.18 | 16,566.00 |
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): | 32.06 | |
| MACD (12,26,9): | -54.8300 | |
| Directional Movement: | -16.62 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 15,127.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,172.38 | |
| Elder Ray (13): | -58.62 | |
| Super Trend (3,10): | 15,226.78 | |
| Zig ZAG (10): | 15,107.00 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 5.27 | |
| TEMA (21): | 15,095.87 | |
| Williams %R (14): | -89.67 | |
| Chande Momentum Oscillator (20): | -125.00 | |
| Repulse (5,40,3): | -0.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.22 |
| MA7: | 15,327.57 | |
| MA20: | 15,372.00 | |
| MA50: | 15,707.76 | |
| MA100: | 16,010.32 | |
| MAexp7: | 15,130.55 | |
| MAexp20: | 15,194.19 | |
| MAexp50: | 15,263.89 | |
| MAexp100: | 15,316.05 | |
| Price / MA7: | -1.45% | |
| Price / MA20: | -1.74% | |
| Price / MA50: | -3.84% | |
| Price / MA100: | -5.65% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.59% | |
| Price / MAexp50: | -1.04% | |
| Price / MAexp100: | -1.38% |
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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