DAX40 FULL0625 - 1H - Technical analysis published on 10/24/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 15,209.00 EUR
My targets
14,714.00 EUR (-1.28%)
14,508.20 EUR (-2.66%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 15,209.00 EUR remains possible. It is advisable to trade DAX40 FULL1223 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 15,209.00 EUR. The next bearish objective for sellers is set at 14,714.00 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14,508.20 EUR. In case of crossing, the next objective would be the support located at 13,861.83 EUR. PS: if there is a bullish break in the resistance located at 15,209.00 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.7
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Additional analysis
Quotes
DAX40 FULL1223 rating 14,905.00 EUR. The price has increased by +0.16% since the last closing and was traded between 14,803.00 EUR and 14,917.00 EUR over the period. The price is currently at +0.69% from its lowest and -0.08% from its highest.14,803.00
14,917.00
14,905.00
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DAX40 FULL1223 chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. 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 bullish. 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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 13,861.83 | 14,508.20 | 14,714.00 | 14,905.00 | 14,941.00 | 15,209.00 | 15,405.00 |
| Change (%) | -7.00% | -2.66% | -1.28% | - | +0.24% | +2.04% | +3.35% |
| Change | -1,043.17 | -396.80 | -191.00 | - | +36.00 | +304.00 | +500.00 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,522.67 | 14,618.33 | 14,749.67 | 14,845.33 | 14,976.67 | 15,072.33 | 15,203.67 |
| Camarilla | 14,818.58 | 14,839.38 | 14,860.19 | 14,881.00 | 14,901.81 | 14,922.62 | 14,943.43 |
| Woodie | 14,540.50 | 14,627.25 | 14,767.50 | 14,854.25 | 14,994.50 | 15,081.25 | 15,221.50 |
| Fibonacci | 14,618.33 | 14,705.05 | 14,758.62 | 14,845.33 | 14,932.05 | 14,985.62 | 15,072.33 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.01 | |
| MACD (12,26,9): | -6.6100 | |
| Directional Movement: | 1.78 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 14,852.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,835.46 | |
| Elder Ray (13): | 31.54 | |
| Super Trend (3,10): | 14,917.32 | |
| Zig ZAG (10): | 14,909.00 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 87.35 | |
| TEMA (21): | 14,882.43 | |
| Williams %R (14): | -5.22 | |
| Chande Momentum Oscillator (20): | 26.00 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.70 |
| MA7: | 15,097.29 | |
| MA20: | 15,279.15 | |
| MA50: | 15,639.06 | |
| MA100: | 15,967.79 | |
| MAexp7: | 14,878.88 | |
| MAexp20: | 14,867.69 | |
| MAexp50: | 14,926.06 | |
| MAexp100: | 15,032.22 | |
| Price / MA7: | -1.27% | |
| Price / MA20: | -2.45% | |
| Price / MA50: | -4.69% | |
| Price / MA100: | -6.66% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.85% |
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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