DAX40 FULL0325 - 1H - Technical analysis published on 11/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 19,281.00 EUR
My targets
19,097.00 EUR (-0.38%)
18,857.00 EUR (-1.63%)
My analysis
DAX40 FULL1224 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 19,281.00 EUR. The next support located at 19,097.00 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 18,857.00 EUR. Below this support, sellers could then target 18,459.45 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 19,170.00 EUR. The price has increased by +0.09% since the last closing with the lowest point at 19,137.00 EUR and the highest point at 19,191.00 EUR. The deviation from the price is +0.17% for the low point and -0.11% for the high point.19,137.00
19,191.00
19,170.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DAX40 FULL1224 in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported 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 to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 18,459.45 | 18,857.00 | 19,097.00 | 19,170.00 | 19,183.33 | 19,281.00 | 19,472.00 |
| Change (%) | -3.71% | -1.63% | -0.38% | - | +0.07% | +0.58% | +1.58% |
| Change | -710.55 | -313.00 | -73.00 | - | +13.33 | +111.00 | +302.00 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Major |
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 | 18,832.33 | 18,964.67 | 19,058.33 | 19,190.67 | 19,284.33 | 19,416.67 | 19,510.33 |
| Camarilla | 19,089.85 | 19,110.57 | 19,131.28 | 19,152.00 | 19,172.72 | 19,193.43 | 19,214.15 |
| Woodie | 18,813.00 | 18,955.00 | 19,039.00 | 19,181.00 | 19,265.00 | 19,407.00 | 19,491.00 |
| Fibonacci | 18,964.67 | 19,051.00 | 19,104.34 | 19,190.67 | 19,277.00 | 19,330.34 | 19,416.67 |
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 | 18,113.67 | 18,581.33 | 18,866.67 | 19,334.33 | 19,619.67 | 20,087.33 | 20,372.67 |
| Camarilla | 18,944.93 | 19,013.95 | 19,082.98 | 19,152.00 | 19,221.03 | 19,290.05 | 19,359.08 |
| Woodie | 18,022.50 | 18,535.75 | 18,775.50 | 19,288.75 | 19,528.50 | 20,041.75 | 20,281.50 |
| Fibonacci | 18,581.33 | 18,868.98 | 19,046.69 | 19,334.33 | 19,621.98 | 19,799.69 | 20,087.33 |
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): | 38.62 | |
| MACD (12,26,9): | -47.6600 | |
| Directional Movement: | -16.33 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 19,140.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,247.34 | |
| Elder Ray (13): | -17.28 | |
| Super Trend (3,10): | 19,279.11 | |
| Zig ZAG (10): | 19,171.00 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 39.67 | |
| TEMA (21): | 19,149.49 | |
| Williams %R (14): | -59.24 | |
| Chande Momentum Oscillator (20): | -54.00 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.70 |
| MA7: | 19,431.29 | |
| MA20: | 19,484.20 | |
| MA50: | 19,205.18 | |
| MA100: | 18,869.78 | |
| MAexp7: | 19,172.38 | |
| MAexp20: | 19,208.39 | |
| MAexp50: | 19,311.84 | |
| MAexp100: | 19,408.98 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -1.61% | |
| Price / MA50: | -0.18% | |
| Price / MA100: | +1.59% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.73% | |
| Price / MAexp100: | -1.23% |
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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