Markets

DAX® – focus on the supports

advertising

Focus on the supports

The DAX® currently has the moving averages in the 12,900 range. Not only do the 55-day line, which is important in the medium term, move there, but also the average lines for the last 100 and 200 hours, i.e. factors that are more short-term relevant. This means that the consolidation that has been going on since Monday’s three-week high has significant support, which was also reinforced by the nearby seven-month uptrend. That such a consolidation was necessary at all is best illustrated by the double smoothed stochastics oscillator. The indicator measures how heavily overbought / oversold the situation is. At the moment, on a daily basis, the highest level can be observed since the end of August, when a few slightly weaker days were also observed. Below the support mentioned above, a flatter five-month uptrend would come into play, which is currently around 12,720 points. This trend line thus reinforces the support at the small gap at 12,690 and 12,727 meters. On the upside, the latest high at 13,151 points and on a closing price basis the seven-month high at 13,255 points must be overcome.

arrow-red

DAX® (Daily)

Chart DAX®

Source: Refinitiv, tradesignal

Are you interested in a daily delivery of our newsletter?

Subscribe for free

Important information on possible conflicts of interest
Legal Notice
Advertising notice

HSBC Trinkaus & Burkhardt AG
Derivatives Public Distribution
Königsallee 21-23
40212 Düsseldorf

Free info line: 0800/4000 910
From abroad: 00800/4000 9100 (free)
Hotline for consultants: 0211 / 910-4722
Fax: 0211 / 910-91936
Homepage: www.hsbc-zertifikate.de
Email: certificates@hsbc.de

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizably posted by third parties in the “News” area of ​​this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” label below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Tags

Related Articles

Back to top button
Close
Close