DAX40 FULL0625 - 1H - Technical analysis published on 03/18/2024 (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:
Slightly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 18,296.00 EUR
My targets
18,069.00 EUR (-0.73%)
17,961.00 EUR (-1.32%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on DAX40 FULL0624 as long as the price remains well below 18,296.00 EUR. The next bearish objective for sellers is set at 18,069.00 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 17,961.00 EUR. In case of crossing, the next objective would be the support located at 17,247.40 EUR.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5
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This analysis was given by J luis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 FULL0624 rating is 18,202.00 EUR. The price is lower by -0.21% since the last closing with the lowest point at 18,185.00 EUR and the highest point at 18,295.00 EUR. The deviation from the price is +0.09% for the low point and -0.51% for the high point.18,185.00
18,295.00
18,202.00
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL0624 in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17,961.00 | 18,069.00 | 18,160.44 | 18,202.00 | 18,213.00 | 18,296.00 | 18,328.67 |
| Change (%) | -1.32% | -0.73% | -0.23% | - | +0.06% | +0.52% | +0.70% |
| Change | -241.00 | -133.00 | -41.56 | - | +11.00 | +94.00 | +126.67 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 18,023.33 | 18,101.67 | 18,171.33 | 18,249.67 | 18,319.33 | 18,397.67 | 18,467.33 |
| Camarilla | 18,200.30 | 18,213.87 | 18,227.43 | 18,241.00 | 18,254.57 | 18,268.13 | 18,281.70 |
| Woodie | 18,019.00 | 18,099.50 | 18,167.00 | 18,247.50 | 18,315.00 | 18,395.50 | 18,463.00 |
| Fibonacci | 18,101.67 | 18,158.20 | 18,193.13 | 18,249.67 | 18,306.20 | 18,341.13 | 18,397.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,657.00 | 17,809.00 | 18,025.00 | 18,177.00 | 18,393.00 | 18,545.00 | 18,761.00 |
| Camarilla | 18,139.80 | 18,173.53 | 18,207.27 | 18,241.00 | 18,274.73 | 18,308.47 | 18,342.20 |
| Woodie | 17,689.00 | 17,825.00 | 18,057.00 | 18,193.00 | 18,425.00 | 18,561.00 | 18,793.00 |
| Fibonacci | 17,809.00 | 17,949.58 | 18,036.42 | 18,177.00 | 18,317.58 | 18,404.42 | 18,545.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,514.00 | 16,825.00 | 17,447.00 | 17,758.00 | 18,380.00 | 18,691.00 | 19,313.00 |
| Camarilla | 17,812.43 | 17,897.95 | 17,983.48 | 18,069.00 | 18,154.53 | 18,240.05 | 18,325.58 |
| Woodie | 16,669.50 | 16,902.75 | 17,602.50 | 17,835.75 | 18,535.50 | 18,768.75 | 19,468.50 |
| Fibonacci | 16,825.00 | 17,181.41 | 17,401.59 | 17,758.00 | 18,114.41 | 18,334.59 | 18,691.00 |
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): | 40.45 | |
| MACD (12,26,9): | -5.0400 | |
| Directional Movement: | -16.40 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 18,250.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 18,287.45 | |
| Elder Ray (13): | -36.77 | |
| Super Trend (3,10): | 18,322.88 | |
| Zig ZAG (10): | 18,208.00 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 22.49 | |
| TEMA (21): | 18,240.58 | |
| Williams %R (14): | -79.09 | |
| Chande Momentum Oscillator (20): | -65.00 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.22 |
| MA7: | 18,198.71 | |
| MA20: | 17,987.60 | |
| MA50: | 17,530.38 | |
| MA100: | 17,049.51 | |
| MAexp7: | 18,238.76 | |
| MAexp20: | 18,254.18 | |
| MAexp50: | 18,248.80 | |
| MAexp100: | 18,222.07 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +1.19% | |
| Price / MA50: | +3.83% | |
| Price / MA100: | +6.76% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.11% |
Quotes :
-
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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