DAX PERFORMANCE-INDEX (.GDAXI) Little Changed In Cautious Trade

DAX PERFORMANCE-INDEX (.GDAXI) Little Changed In Cautious Trade

DAX PERFORMANCE-INDEX (.GDAXI) Little Changed In Cautious Trade

German stocks were little changed in cautious trade on Tuesday as investors awaited further clarity on the U.S.-China trade talks.

Earlier today, China’s Commerce Ministry said in a brief notice that Vice Premier Liu He spoke with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin and agreed to continue talks on the Phase 1 deal.

Meanwhile, German consumer confidence is set to improve in December, survey data from market research group GfK showed.

The forward-looking consumer sentiment index rose to 9.7 points, as expected, from 9.6 in November.

Both economic and income expectations showed a marked increase, while propensity to buy remained at a high level despite marginal losses.

The benchmark DAX was down 6 points at 13,240 after gaining 0.6 percent on Monday.

Technical Indicators

Overall, the bias in prices is: Upwards.

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

The projected upper bound is: 13,546.46.

The projected lower bound is: 12,960.62.

The projected closing price is: 13,253.54.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 30 white candles and 20 black candles for a net of 10 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular 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 58.1445. This is not an overbought or oversold reading. The last signal was a sell 11 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 64.05. 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 sell 9 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 35. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 8 period(s) ago.

Rex Takasugi – TD Profile

XETRA DAX PF closed down -10.030 at 13,236.420. Volume was 5% above average (neutral) and Bollinger Bands were 48% narrower than normal.

Open     High      Low     Close     Volume___
13,256.40013,261.98013,193.75013,236.420 89,580,080
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 13,202.28 12,739.16 12,157.96
Volatility: 7 15 16
Volume: 74,072,328 82,196,592 87,533,736

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

XETRA DAX PF is currently 8.9% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of .GDAXI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on .GDAXI and have had this outlook for the last 29 periods.

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