Free DAXSECTOR CHEMICALS TR (CXPCX) Technical Analysis Signals

Overal Signal
Sell
Signals
Sell Hold Hold Hold
Last Update / Period
05 Nov / Daily
Category/Currency
Indexes/EUR
Exchange/Country
GER/--

DAXSECTOR CHEMICALS TR (CXPCX) signal with technical analysis on 05 Nov

On 05 Nov, we conducted a comprehensive technical analysis of DAXSECTOR CHEMICALS TR (CXPCX), considering 256 signals with intricate details. Here are the key findings: 29 signals suggested buy strategies, while 137 indicated sell strategies. The remaining 90 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 12
Sell Signals: 26
Neutral Signals: 26
Result: This strategy leads to a Sell position.

Strategy 2:
Buy Signals: 8
Sell Signals: 33
Neutral Signals: 23
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 7
Sell Signals: 37
Neutral Signals: 20
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 2
Sell Signals: 41
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 29
Sell Signals: 137
Neutral Signals: 90
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your DAXSECTOR CHEMICALS TR (CXPCX) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for DAXSECTOR CHEMICALS TR (CXPCX) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
DAXSECTOR CHEMICALS TR (CXPCX) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
DAXSECTOR CHEMICALS TR (CXPCX) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 9.44% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **DAXSECTOR CHEMICALS TR (CXPCX)** investments.

DAXSECTOR CHEMICALS TR (CXPCX) Price Analysis and Support Levels:

In our current DAXSECTOR CHEMICALS TR (CXPCX) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 4176.68
We are closely monitoring the price at 4176.68, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 3867.93
If the first support level is broken, the second support level at 3867.93 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 3674.93
If the second support level is broken and the price continues to decline, this signals a significant market shift. Staying below 3674.93 would confirm a persistent downward trend, with traders likely targeting this third level as the next support point.
These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading DAXSECTOR CHEMICALS TR (CXPCX). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

DAXSECTOR CHEMICALS TR (CXPCX) technical analysis chart

DAXSECTOR CHEMICALS TR (CXPCX) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 4283.41 4372.3 4487.65 -- --
Support 4176.68 3867.93 3674.93 3551.68 --
 DAXSECTOR CHEMICALS TR (CXPCX) Support and Resistance area (05 Nov)

DAXSECTOR CHEMICALS TR (CXPCX) signals list for 05 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

DAXSECTOR CHEMICALS TR (CXPCX) candlestick patterns on 05 Nov

Today's DAXSECTOR CHEMICALS TR (CXPCX) Candle Patterns List:

Harami Pattern Short Line Candle

DAXSECTOR CHEMICALS TR (CXPCX) technical analysis over the past days

# Date Overal Signals ALL Signals
1 04 Nov Sell SellHoldHoldHold
2 01 Nov Hold NeutralHoldHoldHold
3 31 Oct Hold HoldHoldHoldHold
4 30 Oct Hold HoldHoldHoldHold
5 29 Oct Hold HoldHoldHoldHold
6 28 Oct Hold HoldHoldHoldHold
7 25 Oct Hold HoldHoldHoldHold
8 24 Oct Sell HoldHoldHoldSell
9 23 Oct Hold HoldHoldHoldNeutral
10 22 Oct Hold HoldHoldHoldNeutral
11 21 Oct Sell SellHoldSellNeutral
12 18 Oct Buy BuyHoldNeutralBuy
13 17 Oct Hold HoldHoldNeutralNeutral
14 16 Oct Hold HoldHoldNeutralNeutral
15 15 Oct Sell HoldHoldNeutralNeutral
16 14 Oct Hold HoldSellNeutralHold
17 11 Oct Buy NeutralNeutralBuyHold
18 10 Oct Hold HoldNeutralNeutralHold
19 09 Oct Buy HoldBuyHoldHold
20 08 Oct Sell SellNeutralHoldHold
21 07 Oct Hold HoldHoldHoldHold
22 04 Oct Buy BuyHoldHoldHold
23 03 Oct Hold NeutralHoldHoldHold
24 02 Oct Hold HoldHoldHoldHold
25 01 Oct Hold HoldHoldHoldHold
26 30 Sep Hold HoldHoldHoldHold
27 27 Sep Buy BuyHoldHoldHold
28 26 Sep Hold NeutralHoldHoldHold
29 25 Sep Hold NeutralHoldHoldHold
30 24 Sep Hold NeutralHoldHoldHold

Users forecasts for DAXSECTOR CHEMICALS TR (CXPCX)

What is your prediction?

In this section, you can easily predict without user registration. See also other users predictions.

What is your prediction?

DAXSECTOR CHEMICALS TR (CXPCX) predictions by visitors

Please fill in your email
Please fill in your Text
CAPTCHA Image
Please fill in your Captcha

Comments