DAX40 FULL0325 - 1H - Technical analysis published on 10/26/2023 (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
11%
67%
22%
My opinion
Bearish under 15,004.36 EUR
My targets
14,714.00 EUR (-0.36%)
14,508.20 EUR (-1.75%)
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 15,004.36 EUR. The sellers' bearish objective 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. 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
7.9
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Additional analysis
Quotes
The DAX40 FULL1223 rating is 14,767.00 EUR. The price is lower by -1.45% since the last closing and was traded between 14,742.00 EUR and 14,873.00 EUR over the period. The price is currently at +0.17% from its lowest and -0.71% from its highest.14,742.00
14,873.00
14,767.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed 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
Pivot points : price is under support 3
Type : Neutral
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 bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
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 | 14,767.00 | 14,803.00 | 15,004.36 | 15,209.00 |
| Change (%) | -6.13% | -1.75% | -0.36% | - | +0.24% | +1.61% | +2.99% |
| Change | -905.17 | -258.80 | -53.00 | - | +36.00 | +237.36 | +442.00 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 14,746.00 | 14,808.00 | 14,896.00 | 14,958.00 | 15,046.00 | 15,108.00 | 15,196.00 |
| Camarilla | 14,942.75 | 14,956.50 | 14,970.25 | 14,984.00 | 14,997.75 | 15,011.50 | 15,025.25 |
| Woodie | 14,759.00 | 14,814.50 | 14,909.00 | 14,964.50 | 15,059.00 | 15,114.50 | 15,209.00 |
| Fibonacci | 14,808.00 | 14,865.30 | 14,900.70 | 14,958.00 | 15,015.30 | 15,050.70 | 15,108.00 |
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): | 36.85 | |
| MACD (12,26,9): | -37.1700 | |
| Directional Movement: | -23.81 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 14,820.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,939.14 | |
| Elder Ray (13): | -60.28 | |
| Super Trend (3,10): | 14,926.80 | |
| Zig ZAG (10): | 14,795.00 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 16.71 | |
| TEMA (21): | 14,787.66 | |
| Williams %R (14): | -80.28 | |
| Chande Momentum Oscillator (20): | -142.00 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.74 |
| MA7: | 14,969.71 | |
| MA20: | 15,228.90 | |
| MA50: | 15,600.82 | |
| MA100: | 15,940.47 | |
| MAexp7: | 14,800.61 | |
| MAexp20: | 14,862.81 | |
| MAexp50: | 14,901.87 | |
| MAexp100: | 14,964.82 | |
| Price / MA7: | -1.35% | |
| Price / MA20: | -3.03% | |
| Price / MA50: | -5.34% | |
| Price / MA100: | -7.36% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.64% | |
| Price / MAexp50: | -0.91% | |
| Price / MAexp100: | -1.32% |
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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