Londinia Opportunities Analyses - 05/02/2024 (GMT) DAXSEC. ALL TRA.+LOG.TR - 1H
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EUR
(-)
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15 min delayed data - Germany Indices
| Type: | Indices |
| Ticker: | 4N87 |
| ISIN: | DE000A0SM7Z1 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 384.41 EUR
My targets
392.93 EUR (+1.14%)
397.72 EUR (+2.38%)
My analysis
DAXSEC. ALL TRA.+LOG.TR 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 384.41 EUR. The next resistance located at 392.93 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 397.72 EUR. After this resistance, buyers could then target 418.76 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.
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
8.8
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Additional analysis
Quotes
DAXSEC. ALL TRA.+LOG.TR rating 388.49 EUR. The price registered an increase of +0.74% on the session and was between 385.67 EUR and 388.89 EUR. This implies that the price is at +0.73% from its lowest and at -0.10% from its highest.385.67
388.89
388.49
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DAXSEC. ALL TRA.+LOG.TR chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 374.35 | 379.23 | 384.41 | 388.49 | 389.02 | 392.93 | 397.72 |
| Change (%) | -3.64% | -2.38% | -1.05% | - | +0.14% | +1.14% | +2.38% |
| Change | -14.14 | -9.26 | -4.08 | - | +0.53 | +4.44 | +9.23 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 | 380.44 | 382.83 | 384.23 | 386.62 | 388.02 | 390.41 | 391.81 |
| Camarilla | 384.60 | 384.95 | 385.29 | 385.64 | 385.99 | 386.34 | 386.68 |
| Woodie | 379.96 | 382.58 | 383.75 | 386.37 | 387.54 | 390.16 | 391.33 |
| Fibonacci | 382.83 | 384.27 | 385.17 | 386.62 | 388.06 | 388.96 | 390.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 364.14 | 369.25 | 375.68 | 380.79 | 387.22 | 392.33 | 398.76 |
| Camarilla | 378.95 | 380.00 | 381.06 | 382.12 | 383.18 | 384.24 | 385.29 |
| Woodie | 364.81 | 369.58 | 376.35 | 381.12 | 387.89 | 392.66 | 399.43 |
| Fibonacci | 369.25 | 373.66 | 376.38 | 380.79 | 385.20 | 387.92 | 392.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 349.83 | 361.07 | 373.35 | 384.59 | 396.87 | 408.11 | 420.39 |
| Camarilla | 379.17 | 381.33 | 383.48 | 385.64 | 387.80 | 389.95 | 392.11 |
| Woodie | 350.36 | 361.33 | 373.88 | 384.85 | 397.40 | 408.37 | 420.92 |
| Fibonacci | 361.07 | 370.05 | 375.60 | 384.59 | 393.57 | 399.12 | 408.11 |
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): | 64.76 | |
| MACD (12,26,9): | 1.6600 | |
| Directional Movement: | 13.03 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 387.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 385.42 | |
| Elder Ray (13): | 1.88 | |
| Super Trend (3,10): | 383.64 | |
| Zig ZAG (10): | 388.53 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 75.43 | |
| TEMA (21): | 388.29 | |
| Williams %R (14): | -10.88 | |
| Chande Momentum Oscillator (20): | 5.37 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.33 |
| MA7: | 382.50 | |
| MA20: | 382.21 | |
| MA50: | 391.17 | |
| MA100: | 411.03 | |
| MAexp7: | 387.19 | |
| MAexp20: | 385.48 | |
| MAexp50: | 383.21 | |
| MAexp100: | 382.44 | |
| Price / MA7: | +1.57% | |
| Price / MA20: | +1.64% | |
| Price / MA50: | -0.69% | |
| Price / MA100: | -5.48% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.78% | |
| Price / MAexp50: | +1.38% | |
| Price / MAexp100: | +1.58% |
Quotes :
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15 min delayed data
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Indices Allemagne