DAX40 FULL0625 - 1H - Technical analysis published on 11/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 19,389.44 EUR
My targets
19,650.00 EUR (+0.88%)
19,765.00 EUR (+1.47%)
My analysis
DAX40 FULL1224 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 19,389.44 EUR. The next resistance located at 19,650.00 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 19,765.00 EUR. 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.4
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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 price is 19,478.00 EUR. The price registered an increase of +0.15% on the session with the lowest point at 19,468.00 EUR and the highest point at 19,530.00 EUR. The deviation from the price is +0.05% for the low point and -0.27% for the high point.19,468.00
19,530.00
19,478.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 FULL1224 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
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 these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 19,298.33 | 19,389.44 | 19,472.00 | 19,478.00 | 19,650.00 | 19,765.00 |
| Change (%) | -0.92% | -0.45% | -0.03% | - | +0.88% | +1.47% |
| Change | -179.67 | -88.56 | -6.00 | - | +172.00 | +287.00 |
| Level | Minor | Intermediate | Major | - | 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 | 18,777.00 | 18,944.00 | 19,196.00 | 19,363.00 | 19,615.00 | 19,782.00 | 20,034.00 |
| Camarilla | 19,332.78 | 19,371.18 | 19,409.59 | 19,448.00 | 19,486.41 | 19,524.82 | 19,563.23 |
| Woodie | 18,819.50 | 18,965.25 | 19,238.50 | 19,384.25 | 19,657.50 | 19,803.25 | 20,076.50 |
| Fibonacci | 18,944.00 | 19,104.06 | 19,202.94 | 19,363.00 | 19,523.06 | 19,621.94 | 19,782.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,395.00 | 18,746.00 | 19,045.00 | 19,396.00 | 19,695.00 | 20,046.00 | 20,345.00 |
| Camarilla | 19,165.25 | 19,224.83 | 19,284.42 | 19,344.00 | 19,403.58 | 19,463.17 | 19,522.75 |
| Woodie | 18,369.00 | 18,733.00 | 19,019.00 | 19,383.00 | 19,669.00 | 20,033.00 | 20,319.00 |
| Fibonacci | 18,746.00 | 18,994.30 | 19,147.70 | 19,396.00 | 19,644.30 | 19,797.70 | 20,046.00 |
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): | 59.06 | |
| MACD (12,26,9): | 54.2500 | |
| Directional Movement: | 11.42 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 19,512.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,530.00 | |
| Elder Ray (13): | 16.14 | |
| Super Trend (3,10): | 19,373.07 | |
| Zig ZAG (10): | 19,480.00 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 74.73 | |
| TEMA (21): | 19,539.24 | |
| Williams %R (14): | -35.21 | |
| Chande Momentum Oscillator (20): | -14.00 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.21 |
| MA7: | 19,305.29 | |
| MA20: | 19,485.35 | |
| MA50: | 19,238.20 | |
| MA100: | 18,910.27 | |
| MAexp7: | 19,489.13 | |
| MAexp20: | 19,440.81 | |
| MAexp50: | 19,372.35 | |
| MAexp100: | 19,349.55 | |
| Price / MA7: | +0.89% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | +1.25% | |
| Price / MA100: | +3.00% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.55% | |
| Price / MAexp100: | +0.66% |
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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