DAX-30 Days Historical Data with DMAs for Stock Market Trend Analysis
The following historical data is self-explanatory and self-guided toolkit for investors, traders and new entrants . If key figures are observed carefully and in detail, with reference to the ongoing financial policies of the respective country, geopolitical situations emerging across the globe, FED policy declarations, etc., it can provide valuable insights into market trends.
Pay attention to key figures, such as the nearest DMA and the previous high and low figures by plotting them on the daily chart along with Open interest in calls and puts will help in determining support and resistance levels, as well as identifying breakout and breakdown levels.
Unless the market rebounds, it may remain choppy and sluggish (slow-moving) which reflects weakness in the market (Directionless). In this case, one can continue tracking the trigger points (Negative or Positive News in pipeline) that could move the market in either direction. A slow-moving market can be a dull and tedious wait. However, buying and selling in individual stocks may be seen.
DAX was shut on 24.12.2024
Guidelines to use the historical data for trend analysis
After range bound of market for a day or two, intraday high range trade is witnessed either side, based on the trend of the market.
Guidelines to Use Above Data for Market Prediction Analysis:
- Regular study and analysis of historical data provide a guideline for market prediction.
- Levels of DMAs, Previous High, Low to be observed by plotting them on yearly and intraday charts, if these levels are broken, may lead market to breakout or breakdown.
- When downside movement starts, Index may find support of nearest DMA or previous low, if broken, further downside may be seen.
- When upward movement starts, Index may find resistant of nearest DMA or previous high, if broken, further upside may be seen.
- For accurate results, corelate Index with change in Open Interest of Puts & Calls of nearest Strike Price and Total Open Interest for Strong Support (Puts High Open Interest) or Resistant (Calls High Open Interest).
- It is strongly advised to consider other parameters including Financial Policies of respective countries and GEO Political situations across the Globe.
- Once the trend of market is clear, any opposite action of market may be used to take position for successful trades as per Trend.
Disclaimer
The content provided on this website is for informational purposes only and should not be construed as professional financial, investment, legal, or tax advice. The information presented on this site is based on the author’s opinions, research, and publicly available information, and is intended for general guidance. It is not a substitute for consulting with a qualified financial advisor or other professional.
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