DAX PERFORMANCE-INDEX (.GDAXI) attempting to push higher after recent losses




Once again, the severity of the prior sell-off does point towards a high likeliness of a decent rebound over the latter part of the week. With the price having broken 11,751, further upside looks likely. A break below 11,556 would take us back into a more neutral position.

Technical Indicators

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 12,112.79.

The projected upper bound is: 12,189.36.

The projected lower bound is: 11,501.77.

The projected closing price is: 11,845.56.



Momentum Indicators


Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 20.2664. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 39.96. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 1 period(s) ago.

Commodity Channel Index (CCI)



The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 21 period(s) ago.

Rex Takasugi – TD Profile

XETRA DAX PF closed up 195.260 at 11,845.410. Volume was 14% above average (neutral) and Bollinger Bands were 71% wider than normal.

Open     High      Low     Close     Volume___
11,752.96011,845.41011,683.99011,845.410 104,281,792
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 12,002.13 12,219.08 11,642.15
Volatility: 28 18 19
Volume: 100,799,184 91,177,000 92,852,424




The following two tabs change content below.

You must be logged in to post comments :