DAX40 FULL0625 - 15 min. - Technical analysis published on 10/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
44%
28%
My opinion
Bullish above 19,722.67 EUR
My targets
19,847.33 EUR (+0.35%)
19,915.67 EUR (+0.69%)
My analysis
The basic bullish trend is very strong on DAX40 FULL1224 but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 19,722.67 EUR. Crossing the first resistance at 19,847.33 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 19,915.67 EUR as an objective. Crossing it would then enable buyers to target 20,040.33 EUR. Caution, a return to below 19,722.67 EUR would be a sign of a consolidation phase in the short-term basic trend. 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.1
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Additional analysis
Quotes
The DAX40 FULL1224 rating is 19,779.00 EUR. On the day, this instrument gained +0.36% and was between 19,598.00 EUR and 19,791.00 EUR. This implies that the price is at +0.92% from its lowest and at -0.06% from its highest.19,598.00
19,791.00
19,779.00
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (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 FULL1224 in 15 min. shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 19,143.00 | 19,354.00 | 19,555.00 | 19,779.00 | 19,799.80 |
| Change (%) | -3.22% | -2.15% | -1.13% | - | +0.11% |
| Change | -636.00 | -425.00 | -224.00 | - | +20.80 |
| Level | Minor | Major | Intermediate | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,461.33 | 19,529.67 | 19,654.33 | 19,722.67 | 19,847.33 | 19,915.67 | 20,040.33 |
| Camarilla | 19,725.93 | 19,743.62 | 19,761.31 | 19,779.00 | 19,796.69 | 19,814.38 | 19,832.08 |
| Woodie | 19,489.50 | 19,543.75 | 19,682.50 | 19,736.75 | 19,875.50 | 19,929.75 | 20,068.50 |
| Fibonacci | 19,529.67 | 19,603.39 | 19,648.94 | 19,722.67 | 19,796.39 | 19,841.94 | 19,915.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,236.67 | 19,354.33 | 19,566.67 | 19,684.33 | 19,896.67 | 20,014.33 | 20,226.67 |
| Camarilla | 19,688.25 | 19,718.50 | 19,748.75 | 19,779.00 | 19,809.25 | 19,839.50 | 19,869.75 |
| Woodie | 19,284.00 | 19,378.00 | 19,614.00 | 19,708.00 | 19,944.00 | 20,038.00 | 20,274.00 |
| Fibonacci | 19,354.33 | 19,480.39 | 19,558.27 | 19,684.33 | 19,810.39 | 19,888.27 | 20,014.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,477.00 | 17,936.00 | 18,745.00 | 19,204.00 | 20,013.00 | 20,472.00 | 21,281.00 |
| Camarilla | 19,205.30 | 19,321.53 | 19,437.77 | 19,554.00 | 19,670.23 | 19,786.47 | 19,902.70 |
| Woodie | 17,652.00 | 18,023.50 | 18,920.00 | 19,291.50 | 20,188.00 | 20,559.50 | 21,456.00 |
| Fibonacci | 17,936.00 | 18,420.38 | 18,719.62 | 19,204.00 | 19,688.38 | 19,987.62 | 20,472.00 |
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): | 48.82 | |
| MACD (12,26,9): | 2.4000 | |
| Directional Movement: | -8.93 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 19,774.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,790.30 | |
| Elder Ray (13): | -8.48 | |
| Super Trend (3,10): | 19,745.12 | |
| Zig ZAG (10): | 19,765.00 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 15.71 | |
| TEMA (21): | 19,767.16 | |
| Williams %R (14): | -67.74 | |
| Chande Momentum Oscillator (20): | -13.00 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.06 |
| MA7: | 19,596.57 | |
| MA20: | 19,400.50 | |
| MA50: | 19,008.24 | |
| MA100: | 18,809.59 | |
| MAexp7: | 19,767.41 | |
| MAexp20: | 19,769.52 | |
| MAexp50: | 19,753.51 | |
| MAexp100: | 19,725.88 | |
| Price / MA7: | +0.93% | |
| Price / MA20: | +1.95% | |
| Price / MA50: | +4.05% | |
| Price / MA100: | +5.15% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.20% |
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.
About author
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