Tecdax (Perf.) (TDXP.TECDAX)

Close: 3 427.73 (+13.92), Dec 23, 2024
Weak Positive

Low risk

chart Tecdax (Perf.) (TDXP) Candlesticks 22 Days
Candlesticks
chart Tecdax (Perf.) (TDXP) Short term
Short term: Positive
chart Tecdax (Perf.) (TDXP) Medium term
Medium term: Weak Negative
chart Tecdax (Perf.) (TDXP) Long term
Long term: Weak Positive
chart Tecdax (Perf.) (TDXP)
RSI - Relative Strength Index

Short term

Tecdax (Perf.) has broken the rising trend channel in the short term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The index has met the objective at 3514 after a break of the rectangle formation. The price has now fallen, but the formation indicates further rise. The index is testing support at points 3420. This could give a positive reaction, but a downward breakthrough of points 3420 means a negative signal. The index is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive (Score: 69)

Medium term

Tecdax (Perf.) is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The index is moving within a rectangle formation between support at 3189 and resistance at 3555. A decisive break through one of these levels indicates the new direction for the index. The index has broken down through support at points 3460. This predicts a further decline. The index is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative (Score: -29)

Long term

Tecdax (Perf.) is in a rising trend channel in the long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The index is moving within a rectangle formation between support at 3189 and resistance at 3555. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 3200 and resistance at points 4000. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically slightly positive for the long term.

Recommendation one to six quarters: Weak Positive (Score: 41)


Overall analysis

Tecdax (Perf.) is technically positive for the short and long term, but negative for the medium term.

Recommendation one to six months: Weak Positive (Score: 43)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.75%0.00+0.41%
5 days0.002.46%0.00-2.45%
22 days0.006.03%0.00+2.96%
66 days0.0010.93%0.00+5.01%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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