DAX40 FULL0625 - 1H - Technical analysis published on 11/14/2024 (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 bullish
Underlying:
Slightly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 19,193.55 EUR
My targets
19,387.46 EUR (+0.52%)
19,472.00 EUR (+0.95%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on DAX40 FULL1224 as long as the price remains well above 19,193.55 EUR. The buyers' bullish objective is set at 19,387.46 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19,472.00 EUR. If there is any crossing, the next objective would be the resistance located at 19,529.00 EUR.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5
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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 19,288.00 EUR. The price registered an increase of +1.28% on the session and was between 18,997.00 EUR and 19,371.00 EUR. This implies that the price is at +1.53% from its lowest and at -0.43% from its highest.18,997.00
19,371.00
19,288.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of DAX40 FULL1224 indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18,857.00 | 19,032.00 | 19,193.55 | 19,288.00 | 19,387.46 | 19,472.00 | 19,529.00 |
| Change (%) | -2.23% | -1.33% | -0.49% | - | +0.52% | +0.95% | +1.25% |
| Change | -431.00 | -256.00 | -94.45 | - | +99.46 | +184.00 | +241.00 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Minor |
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 | 18,607.00 | 18,755.00 | 18,900.00 | 19,048.00 | 19,193.00 | 19,341.00 | 19,486.00 |
| Camarilla | 18,964.43 | 18,991.28 | 19,018.14 | 19,045.00 | 19,071.86 | 19,098.72 | 19,125.58 |
| Woodie | 18,605.50 | 18,754.25 | 18,898.50 | 19,047.25 | 19,191.50 | 19,340.25 | 19,484.50 |
| Fibonacci | 18,755.00 | 18,866.93 | 18,936.07 | 19,048.00 | 19,159.93 | 19,229.07 | 19,341.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,464.67 | 18,775.33 | 19,028.67 | 19,339.33 | 19,592.67 | 19,903.33 | 20,156.67 |
| Camarilla | 19,126.90 | 19,178.60 | 19,230.30 | 19,282.00 | 19,333.70 | 19,385.40 | 19,437.10 |
| Woodie | 18,436.00 | 18,761.00 | 19,000.00 | 19,325.00 | 19,564.00 | 19,889.00 | 20,128.00 |
| Fibonacci | 18,775.33 | 18,990.78 | 19,123.89 | 19,339.33 | 19,554.78 | 19,687.89 | 19,903.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,138.33 | 18,593.67 | 18,891.33 | 19,346.67 | 19,644.33 | 20,099.67 | 20,397.33 |
| Camarilla | 18,981.93 | 19,050.95 | 19,119.98 | 19,189.00 | 19,258.03 | 19,327.05 | 19,396.08 |
| Woodie | 18,059.50 | 18,554.25 | 18,812.50 | 19,307.25 | 19,565.50 | 20,060.25 | 20,318.50 |
| Fibonacci | 18,593.67 | 18,881.31 | 19,059.02 | 19,346.67 | 19,634.31 | 19,812.02 | 20,099.67 |
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): | 61.01 | |
| MACD (12,26,9): | 54.0700 | |
| Directional Movement: | 6.89 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 19,284.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,164.15 | |
| Elder Ray (13): | 29.67 | |
| Super Trend (3,10): | 19,157.08 | |
| Zig ZAG (10): | 19,301.00 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 80.21 | |
| TEMA (21): | 19,348.39 | |
| Williams %R (14): | -18.18 | |
| Chande Momentum Oscillator (20): | 284.00 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.71 |
| MA7: | 19,274.14 | |
| MA20: | 19,400.15 | |
| MA50: | 19,262.76 | |
| MA100: | 18,936.13 | |
| MAexp7: | 19,290.27 | |
| MAexp20: | 19,223.80 | |
| MAexp50: | 19,204.77 | |
| MAexp100: | 19,242.44 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | +0.13% | |
| Price / MA100: | +1.86% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.24% |
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.
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