DAX40 FULL0325 - 1H - Technical analysis published on 10/24/2023 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Neutral between 14,714.00 EUR and 15,209.00 EUR
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 15,209.00 EUR. The first support is located at 14,714.00 EUR. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by DAX40 FULL1223.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 14,906.00 EUR. The price has increased by +0.17% since the last closing with the lowest point at 14,803.00 EUR and the highest point at 14,934.00 EUR. The deviation from the price is +0.70% for the low point and -0.19% for the high point.14,803.00
14,934.00
14,906.00
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
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
Technical analysis of DAX40 FULL1223 in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
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 bearish signal that could support the hypothesis of a small drop in the very short term:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
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 | 14,906.00 | 14,941.00 | 15,209.00 | 15,405.00 |
| Change (%) | -7.01% | -2.67% | -1.29% | - | +0.23% | +2.03% | +3.35% |
| Change | -1,044.17 | -397.80 | -192.00 | - | +35.00 | +303.00 | +499.00 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
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): | 57.42 | |
| MACD (12,26,9): | 2.7500 | |
| Directional Movement: | 4.95 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 14,872.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,832.00 | |
| Elder Ray (13): | 43.41 | |
| Super Trend (3,10): | 14,791.72 | |
| Zig ZAG (10): | 14,926.00 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 87.96 | |
| TEMA (21): | 14,907.01 | |
| Williams %R (14): | -4.58 | |
| Chande Momentum Oscillator (20): | 57.00 | |
| Repulse (5,40,3): | 0.3500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.60 |
| MA7: | 15,099.00 | |
| MA20: | 15,280.40 | |
| MA50: | 15,639.56 | |
| MA100: | 15,968.01 | |
| MAexp7: | 14,895.01 | |
| MAexp20: | 14,877.89 | |
| MAexp50: | 14,923.67 | |
| MAexp100: | 15,024.83 | |
| Price / MA7: | -1.28% | |
| Price / MA20: | -2.45% | |
| Price / MA50: | -4.69% | |
| Price / MA100: | -6.65% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.79% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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