DAX40 FULL0325 - 1H - Technical analysis published on 10/23/2023 (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
6%
83%
11%
My opinion
Bearish under 15,058.33 EUR
My targets
14,520.33 EUR (-1.40%)
14,173.67 EUR (-3.76%)
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 15,058.33 EUR. The sellers' bearish objective is set at 14,520.33 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14,173.67 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.6
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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 14,727.00 EUR. The price is lower by -1.18% since the last closing and was traded between 14,714.00 EUR and 14,941.00 EUR over the period. The price is currently at +0.09% from its lowest and -1.43% from its highest.14,714.00
14,941.00
14,727.00
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 (1st january)
Type : Bearish
Timeframe : Weekly
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.
In fact, 15 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
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 | 14,727.00 | 15,209.00 | 15,405.00 | 15,596.25 |
| Change (%) | -26.27% | -14.67% | -5.87% | - | +3.27% | +4.60% | +5.90% |
| Change | -3,868.30 | -2,161.00 | -865.17 | - | +482.00 | +678.00 | +869.25 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,616.33 | 14,741.67 | 14,822.33 | 14,947.67 | 15,028.33 | 15,153.67 | 15,234.33 |
| Camarilla | 14,846.35 | 14,865.23 | 14,884.12 | 14,903.00 | 14,921.88 | 14,940.77 | 14,959.65 |
| Woodie | 14,594.00 | 14,730.50 | 14,800.00 | 14,936.50 | 15,006.00 | 15,142.50 | 15,212.00 |
| Fibonacci | 14,741.67 | 14,820.36 | 14,868.98 | 14,947.67 | 15,026.36 | 15,074.98 | 15,153.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,173.67 | 14,520.33 | 14,711.67 | 15,058.33 | 15,249.67 | 15,596.33 | 15,787.67 |
| Camarilla | 14,755.05 | 14,804.37 | 14,853.68 | 14,903.00 | 14,952.32 | 15,001.63 | 15,050.95 |
| Woodie | 14,096.00 | 14,481.50 | 14,634.00 | 15,019.50 | 15,172.00 | 15,557.50 | 15,710.00 |
| Fibonacci | 14,520.33 | 14,725.85 | 14,852.82 | 15,058.33 | 15,263.85 | 15,390.82 | 15,596.33 |
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): | 25.17 | |
| MACD (12,26,9): | -58.5800 | |
| Directional Movement: | -26.91 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 14,821.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,929.16 | |
| Elder Ray (13): | -91.92 | |
| Super Trend (3,10): | 14,944.35 | |
| Zig ZAG (10): | 14,734.00 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 14.52 | |
| TEMA (21): | 14,816.07 | |
| Williams %R (14): | -88.21 | |
| Chande Momentum Oscillator (20): | -179.00 | |
| Repulse (5,40,3): | -1.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.21 |
| MA7: | 15,122.14 | |
| MA20: | 15,293.95 | |
| MA50: | 15,656.96 | |
| MA100: | 15,980.71 | |
| MAexp7: | 14,805.18 | |
| MAexp20: | 14,897.88 | |
| MAexp50: | 15,001.06 | |
| MAexp100: | 15,111.28 | |
| Price / MA7: | -2.61% | |
| Price / MA20: | -3.71% | |
| Price / MA50: | -5.94% | |
| Price / MA100: | -7.85% | |
| Price / MAexp7: | -0.53% | |
| Price / MAexp20: | -1.15% | |
| Price / MAexp50: | -1.83% | |
| Price / MAexp100: | -2.54% |
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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