DAX40 FULL0625 - 1H - Technical analysis published on 03/15/2024 (GMT)
- 136
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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
78%
0%
22%
My opinion
Bullish above 18,069.00 EUR
My targets
18,296.00 EUR (+0.49%)
My analysis
DAX40 FULL0624 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 18,069.00 EUR. The next resistance located at 18,296.00 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by J luis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DAX40 FULL0624 rating 18,206.00 EUR. On the day, this instrument lost -0.03% with the lowest point at 18,180.00 EUR and the highest point at 18,256.00 EUR. The deviation from the price is +0.14% for the low point and -0.27% for the high point.18,180.00
18,256.00
18,206.00
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL0624 in 1H shows a strongly overall 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 market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17,993.00 | 18,069.00 | 18,173.00 | 18,206.00 | 18,230.00 | 18,296.00 | 18,329.00 |
| Change (%) | -1.17% | -0.75% | -0.18% | - | +0.13% | +0.49% | +0.68% |
| Change | -213.00 | -137.00 | -33.00 | - | +24.00 | +90.00 | +123.00 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,691.67 | 17,781.33 | 17,860.67 | 17,950.33 | 18,029.67 | 18,119.33 | 18,198.67 |
| Camarilla | 17,893.53 | 17,909.02 | 17,924.51 | 17,940.00 | 17,955.49 | 17,970.98 | 17,986.48 |
| Woodie | 17,686.50 | 17,778.75 | 17,855.50 | 17,947.75 | 18,024.50 | 18,116.75 | 18,193.50 |
| Fibonacci | 17,781.33 | 17,845.89 | 17,885.78 | 17,950.33 | 18,014.89 | 18,054.78 | 18,119.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,380.00 | 17,508.00 | 17,669.00 | 17,797.00 | 17,958.00 | 18,086.00 | 18,247.00 |
| Camarilla | 17,750.53 | 17,777.02 | 17,803.51 | 17,830.00 | 17,856.49 | 17,882.98 | 17,909.48 |
| Woodie | 17,396.50 | 17,516.25 | 17,685.50 | 17,805.25 | 17,974.50 | 18,094.25 | 18,263.50 |
| Fibonacci | 17,508.00 | 17,618.40 | 17,686.60 | 17,797.00 | 17,907.40 | 17,975.60 | 18,086.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,225.00 | 16,536.00 | 17,158.00 | 17,469.00 | 18,091.00 | 18,402.00 | 19,024.00 |
| Camarilla | 17,523.43 | 17,608.95 | 17,694.48 | 17,780.00 | 17,865.53 | 17,951.05 | 18,036.58 |
| Woodie | 16,380.50 | 16,613.75 | 17,313.50 | 17,546.75 | 18,246.50 | 18,479.75 | 19,179.50 |
| Fibonacci | 16,536.00 | 16,892.41 | 17,112.59 | 17,469.00 | 17,825.41 | 18,045.59 | 18,402.00 |
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): | 72.74 | |
| MACD (12,26,9): | 64.6700 | |
| Directional Movement: | 23.81 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 18,163.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 17,960.02 | |
| Elder Ray (13): | 69.00 | |
| Super Trend (3,10): | 18,068.26 | |
| Zig ZAG (10): | 18,206.00 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 83.98 | |
| TEMA (21): | 18,205.21 | |
| Williams %R (14): | -14.03 | |
| Chande Momentum Oscillator (20): | 274.00 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.46 |
| MA7: | 17,937.29 | |
| MA20: | 17,670.35 | |
| MA50: | 17,225.80 | |
| MA100: | 16,734.58 | |
| MAexp7: | 18,171.56 | |
| MAexp20: | 18,088.86 | |
| MAexp50: | 18,012.01 | |
| MAexp100: | 17,943.17 | |
| Price / MA7: | +1.50% | |
| Price / MA20: | +3.03% | |
| Price / MA50: | +5.69% | |
| Price / MA100: | +8.79% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +1.08% | |
| Price / MAexp100: | +1.46% |
Quotes :
-
15 min delayed data
-
EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis DAX40 FULL0625 - 1H