Daily outlook for November 26th: DAX paused. Defensive values required! – columns
Company in focus
Today there was some rotation in the sectors. The cyclicals that have recently been strong, such as automotive and chemical stocks, showed profit-taking. Defensive stocks like Deutsche Telekom, E. On, Henkel and Vonovia however, went against the trend. Infineon can meanwhile settle at around EUR 28.40, the highest level since July 2001. At K + S speculation on rising potash prices creates a good mood. Today the stock broke out over a major hurdle. Alstom and Knorr brake have received a major order from the Cologne transport company. The Knorr Bremse share is still slowed by the EUR 110 barrier. Today, however, the paper was already squinting over the brand. MTU Aero Engines and ThyssenKrupp benefited today from a positive analyst assessment. The share of Varta was still under pressure to sell.
Important appointments
- USA – markets closed due to public holidays
- Germany – Gfk consumer climate index for December
- France – Consumer Confidence, November
Chart technical outlook
Resistance marks: 13,310 / 13,460 points
Support marks: 12,810 / 12,980 / 13,050 / 13,230 points
The DAX® fluctuated in the narrow range between 13,240 and 13,320 points today and closed at the resistance level of 13,310 points. Above the resistance level, the bulls could step on the gas again. In view of the upcoming US holiday, however, important impulses could be missing. The index continues to find support at 13,230 points and 13,050 points.
DAX® in points; 4-hour chart (1 candle = 4 hours)
Observation period: October 6th, 2020 – November 24th, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de
DAX® in points; Weekly chart (1 candle = 1 week)
Observation period: November 26, 2013 – November 25, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de
You can find leverage products for speculation on an upward or downward movement or sideways movement of the DAX® here.
Call warrants on DAX® Index for speculation on an increase in the index
| Underlying | WKN | Selling price in EUR | Base price / knock-out in pts. | last valuation day |
|---|---|---|---|---|
| DAX® index | HR1PQW | 8.56 | 12,900 | March 16, 2021 |
| DAX® index | HR1PRA | 7.19 | 13,450 | June 15, 2021 |
Source: HypoVereinsbank onemarkets; 11/25/2020; 5:36 pm
Put warrants on DAX® Index for speculation on a price loss of the index
| Underlying | WKN | Selling price in EUR | Base price / knock-out in pts. | last valuation day |
|---|---|---|---|---|
| DAX® index | HR1PQZ | 6.09 | 13,300 | March 16, 2021 |
| DAX® index | HR1PRG | 6.76 | 12,900 | June 15, 2021 |
Source: HypoVereinsbank onemarkets; 11/25/2020; 5:37 pm
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