DAX40 FULL0325 - Weekly - Technical analysis published on 11/14/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 14,498.00 EUR
My targets
16,777.40 EUR (+7.18%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 14,498.00 EUR remains possible. It is advisable to trade DAX40 FULL1223 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 14,498.00 EUR. The next bullish objective for buyers is set at 16,777.40 EUR. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 14,498.00 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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This analysis was given by Vestige. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX40 FULL1223 rating 15,654.00 EUR. The price is up +2.83% over 5 days and was traded between 15,228.00 EUR and 15,690.00 EUR over the period. The price is currently at +2.80% from its lowest point and -0.23% from its highest point.15,228.00
15,690.00
15,654.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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
Technical analysis of DAX40 FULL1223 in Weekly shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Weekly
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
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
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 12,566.00 | 13,861.83 | 15,560.00 | 15,654.00 | 16,777.40 |
| Change (%) | -19.73% | -11.45% | -0.60% | - | +7.18% |
| Change | -3,088.00 | -1,792.17 | -94.00 | - | +1,123.40 |
| Level | Major | Intermediate | 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 | 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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.16 | |
| MACD (12,26,9): | -183.2500 | |
| Directional Movement: | -3.61 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 15,411.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,666.00 | |
| Elder Ray (13): | 4.23 | |
| Super Trend (3,10): | 16,231.96 | |
| Zig ZAG (10): | 15,652.00 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 43.73 | |
| TEMA (21): | 15,121.63 | |
| Williams %R (14): | -36.67 | |
| Chande Momentum Oscillator (20): | -231.00 | |
| Repulse (5,40,3): | 2.9600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 11.11 |
| MA7: | 15,352.29 | |
| MA20: | 15,107.00 | |
| MA50: | 15,398.72 | |
| MA100: | 15,784.68 | |
| MAexp7: | 15,357.73 | |
| MAexp20: | 15,599.41 | |
| MAexp50: | 15,580.04 | |
| MAexp100: | 15,299.91 | |
| Price / MA7: | +1.97% | |
| Price / MA20: | +3.62% | |
| Price / MA50: | +1.66% | |
| Price / MA100: | -0.83% | |
| Price / MAexp7: | +1.93% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +2.31% |
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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