DAX40 FULL0325 - 1H - Technical analysis published on 10/20/2023 (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%
61%
22%
My opinion
Bearish under 15,209.00 EUR
My targets
14,563.67 EUR (-3.26%)
14,184.00 EUR (-5.78%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DAX40 FULL1223 as long as the price remains well below 15,209.00 EUR. The sellers' bearish objective is set at 14,563.67 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14,184.00 EUR. In case of crossing, the next objective would be the support located at 13,861.83 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.5
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Additional analysis
Quotes
DAX40 FULL1223 rating 15,054.00 EUR. On the day, this instrument lost -0.53% with the lowest point at 15,007.00 EUR and the highest point at 15,065.00 EUR. The deviation from the price is +0.31% for the low point and -0.07% for the high point.15,007.00
15,065.00
15,054.00
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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
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. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
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 | 15,054.00 | 15,209.00 | 15,406.33 | 15,596.25 |
| Change (%) | -27.87% | -16.53% | -7.92% | - | +1.03% | +2.34% | +3.60% |
| Change | -4,195.30 | -2,488.00 | -1,192.17 | - | +155.00 | +352.33 | +542.25 |
| 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 | 14,886.67 | 14,961.33 | 15,047.67 | 15,122.33 | 15,208.67 | 15,283.33 | 15,369.67 |
| Camarilla | 15,089.73 | 15,104.48 | 15,119.24 | 15,134.00 | 15,148.76 | 15,163.52 | 15,178.28 |
| Woodie | 14,892.50 | 14,964.25 | 15,053.50 | 15,125.25 | 15,214.50 | 15,286.25 | 15,375.50 |
| Fibonacci | 14,961.33 | 15,022.84 | 15,060.83 | 15,122.33 | 15,183.84 | 15,221.83 | 15,283.33 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.70 | |
| MACD (12,26,9): | -41.1600 | |
| Directional Movement: | -10.28 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 15,051.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,135.01 | |
| Elder Ray (13): | -25.73 | |
| Super Trend (3,10): | 15,167.22 | |
| Zig ZAG (10): | 15,052.00 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 21.51 | |
| TEMA (21): | 15,044.70 | |
| Williams %R (14): | -75.81 | |
| Chande Momentum Oscillator (20): | -110.00 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.97 |
| MA7: | 15,253.86 | |
| MA20: | 15,343.75 | |
| MA50: | 15,688.18 | |
| MA100: | 15,997.46 | |
| MAexp7: | 15,062.47 | |
| MAexp20: | 15,105.53 | |
| MAexp50: | 15,177.71 | |
| MAexp100: | 15,248.53 | |
| Price / MA7: | -1.31% | |
| Price / MA20: | -1.89% | |
| Price / MA50: | -4.04% | |
| Price / MA100: | -5.90% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -0.82% | |
| Price / MAexp100: | -1.28% |
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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