DAX40 FULL0325 - 1H - Technical analysis published on 10/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 19,555.00 EUR
My targets
19,412.00 EUR (-0.31%)
19,354.00 EUR (-0.61%)
My analysis
In the short term, we can see an acceleration in the bearish trend on DAX40 FULL1224, which is a positive signal for sellers. As long as the price remains above 19,555.00 EUR, a sale could be considered. The first bearish objective is located at 19,412.00 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 19,354.00 EUR as an objective. Crossing it would then enable sellers to target 19,183.33 EUR. If the price were to return above 19,555.00 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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This analysis was given by gsanzmagallon. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAX40 FULL1224 rating is 19,472.00 EUR. On the day, this instrument lost -0.57% and was traded between 19,459.00 EUR and 19,605.00 EUR over the period. The price is currently at +0.07% from its lowest and -0.68% from its highest.19,459.00
19,605.00
19,472.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DAX40 FULL1224:
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 this 1H chart of DAX40 FULL1224 indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19,354.00 | 19,412.00 | 19,459.00 | 19,472.00 | 19,555.00 | 19,598.67 | 19,666.00 |
| Change (%) | -0.61% | -0.31% | -0.07% | - | +0.43% | +0.65% | +1.00% |
| Change | -118.00 | -60.00 | -13.00 | - | +83.00 | +126.67 | +194.00 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 | 19,330.00 | 19,446.00 | 19,515.00 | 19,631.00 | 19,700.00 | 19,816.00 | 19,885.00 |
| Camarilla | 19,533.13 | 19,550.08 | 19,567.04 | 19,584.00 | 19,600.96 | 19,617.92 | 19,634.88 |
| Woodie | 19,306.50 | 19,434.25 | 19,491.50 | 19,619.25 | 19,676.50 | 19,804.25 | 19,861.50 |
| Fibonacci | 19,446.00 | 19,516.67 | 19,560.33 | 19,631.00 | 19,701.67 | 19,745.33 | 19,816.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,008.67 | 19,210.33 | 19,379.67 | 19,581.33 | 19,750.67 | 19,952.33 | 20,121.67 |
| Camarilla | 19,446.98 | 19,480.98 | 19,514.99 | 19,549.00 | 19,583.01 | 19,617.02 | 19,651.03 |
| Woodie | 18,992.50 | 19,202.25 | 19,363.50 | 19,573.25 | 19,734.50 | 19,944.25 | 20,105.50 |
| Fibonacci | 19,210.33 | 19,352.06 | 19,439.61 | 19,581.33 | 19,723.06 | 19,810.61 | 19,952.33 |
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): | 38.39 | |
| MACD (12,26,9): | -29.2600 | |
| Directional Movement: | -9.99 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 19,531.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,578.99 | |
| Elder Ray (13): | -47.92 | |
| Super Trend (3,10): | 19,614.46 | |
| Zig ZAG (10): | 19,508.00 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 27.54 | |
| TEMA (21): | 19,506.17 | |
| Williams %R (14): | -70.15 | |
| Chande Momentum Oscillator (20): | -57.00 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.96 |
| MA7: | 19,549.29 | |
| MA20: | 19,499.90 | |
| MA50: | 19,192.72 | |
| MA100: | 18,858.71 | |
| MAexp7: | 19,527.47 | |
| MAexp20: | 19,565.59 | |
| MAexp50: | 19,585.15 | |
| MAexp100: | 19,587.11 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | +1.46% | |
| Price / MA100: | +3.25% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.48% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -0.59% |
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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