DAX40 FULL0625 - 1H - Technical analysis published on 11/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 15,560.00 EUR
My targets
15,809.08 EUR (+0.98%)
16,022.54 EUR (+2.34%)
My analysis
The bullish trend is currently very strong on DAX40 FULL1223. As long as the price remains above the support at 15,560.00 EUR, you could try to benefit from the boom. The first bullish objective is located at 15,809.08 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16,022.54 EUR as an objective. Crossing it would then enable buyers to target 16,368.33 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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This analysis was given by Vestige. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 FULL1223 rating is 15,656.00 EUR. The price has increased by +1.72% since the last closing with the lowest point at 15,387.00 EUR and the highest point at 15,690.00 EUR. The deviation from the price is +1.75% for the low point and -0.22% for the high point.15,387.00
15,690.00
15,656.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DAX40 FULL1223 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 15,280.70 | 15,389.00 | 15,560.00 | 15,656.00 | 15,809.08 | 16,022.54 | 16,368.33 |
| Change (%) | -2.40% | -1.71% | -0.61% | - | +0.98% | +2.34% | +4.55% |
| Change | -375.30 | -267.00 | -96.00 | - | +153.08 | +366.54 | +712.33 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,167.33 | 15,224.67 | 15,308.33 | 15,365.67 | 15,449.33 | 15,506.67 | 15,590.33 |
| Camarilla | 15,353.23 | 15,366.15 | 15,379.08 | 15,392.00 | 15,404.93 | 15,417.85 | 15,430.78 |
| Woodie | 15,180.50 | 15,231.25 | 15,321.50 | 15,372.25 | 15,462.50 | 15,513.25 | 15,603.50 |
| Fibonacci | 15,224.67 | 15,278.53 | 15,311.81 | 15,365.67 | 15,419.53 | 15,452.81 | 15,506.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,848.33 | 14,990.67 | 15,141.33 | 15,283.67 | 15,434.33 | 15,576.67 | 15,727.33 |
| Camarilla | 15,211.43 | 15,238.28 | 15,265.14 | 15,292.00 | 15,318.86 | 15,345.72 | 15,372.58 |
| Woodie | 14,852.50 | 14,992.75 | 15,145.50 | 15,285.75 | 15,438.50 | 15,578.75 | 15,731.50 |
| Fibonacci | 14,990.67 | 15,102.59 | 15,171.74 | 15,283.67 | 15,395.59 | 15,464.74 | 15,576.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,480.00 | 14,073.00 | 14,498.00 | 15,091.00 | 15,516.00 | 16,109.00 | 16,534.00 |
| Camarilla | 14,643.05 | 14,736.37 | 14,829.68 | 14,923.00 | 15,016.32 | 15,109.63 | 15,202.95 |
| Woodie | 13,396.00 | 14,031.00 | 14,414.00 | 15,049.00 | 15,432.00 | 16,067.00 | 16,450.00 |
| Fibonacci | 14,073.00 | 14,461.88 | 14,702.12 | 15,091.00 | 15,479.88 | 15,720.12 | 16,109.00 |
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): | 84.59 | |
| MACD (12,26,9): | 72.3300 | |
| Directional Movement: | 38.71 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 15,590.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,542.80 | |
| Elder Ray (13): | 108.67 | |
| Super Trend (3,10): | 15,531.52 | |
| Zig ZAG (10): | 15,653.00 | |
| VORTEX (21): | 1.3500 | |
| Stochastique (14,3,5): | 88.23 | |
| TEMA (21): | 15,634.69 | |
| Williams %R (14): | -12.21 | |
| Chande Momentum Oscillator (20): | 253.00 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 2.43 |
| MA7: | 15,352.29 | |
| MA20: | 15,107.00 | |
| MA50: | 15,398.72 | |
| MA100: | 15,784.68 | |
| MAexp7: | 15,599.89 | |
| MAexp20: | 15,506.26 | |
| MAexp50: | 15,422.79 | |
| MAexp100: | 15,351.77 | |
| Price / MA7: | +1.98% | |
| Price / MA20: | +3.63% | |
| Price / MA50: | +1.67% | |
| Price / MA100: | -0.82% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.97% | |
| Price / MAexp50: | +1.51% | |
| Price / MAexp100: | +1.98% |
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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