Markets

Outlook for December 9th: DAX continues to lag. Hella, ams and Tesla in focus! – columns

Tuesday,
December 8th, 2020
17:51

from onemarkets blog

| Views: 103

The stock markets today continued the trend of the past few days. With low turnover, DAX® & Co continued to move sideways. The start of the corona vaccinations in Great Britain was not enough as a buying impulse. The continued high number of new infections and corona restrictions are slowing down the buying mood. The DAX® closed today with little change at 13,290 points.

Yields on the bond market continued to decline. The yield on 10-year Bunds fell to minus 0.61 percent. The gold and silver prices also benefited from the search for security. After the rally of the past few days, both precious metals were able to establish themselves in the range of 1,870 and 24.50 US dollars respectively. A survey by Investment magazine According to one in three investors in Germany currently holds gold in their portfolio. Another third is therefore open to investing in the precious metal. The price for a barrel of Brent Crude Oil was meanwhile in a range between 48.20 and 49 US dollars. There is currently a lack of momentum for a significant upward or downward movement.

Company in focus

CompuGroup gave an outlook for the coming year. The goals that had been set, however, caused great disappointment among investors. Accordingly, the share dropped significantly. The German automaker BMW, Daimler and VW could not benefit from the good sales figures in China today. However, there has already been extensive advance praise in the past few weeks. Hella on the other hand, increased the forecasts and accordingly garnered approval from investors. The stock rose to its highest level in two years. SAPCEO Christian Klein sees scope for acquisitions after Qualtrics goes public. The latest profit warning is currently still in the bones of many investors. Such messages are currently fueling little imagination. The shares of the German mechanical engineering sector were relatively robust. Support came from good reports from the Association of German Machine and Plant Builders. The Solactive® German Mechanical Engineering Index recently marked a new high for the year – and the trend is rising.

The Austrian ams broke double digits after speculation got around that Apple They may want to install their own sensors in their cell phones over the next year. Tesla comes again with a capital increase of five billion dollars.

Deutsche Bank invites you to tomorrow’s investor day.

Important appointments

  • China Consumer Prices, November

Chart technical outlook

Resistance marks: 13,290 / 13,320 / 13,370 / 13,440 / 13,460 points

Support marks: 13,050 / 13,150 / 13,200 / 13,230 points

The DAX® fell slightly in the first hours of trading. In the area of ​​13,200 points, however, the buyers showed up again and drove the index to 13,280 points. As already described several times, the index has been moving in a narrow range for a few days. Significant movements upwards or downwards are to be expected at the earliest when the 13,200 / 13,320 point range breaks out.

DAX® in points; Hourly chart (1 candle = 1 hour)

old
Observation period: November 16, 2020 – December 8, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

DAX® in points; Weekly chart (1 candle = 1 week)

old
Observation period: 09.12.2013 – 08.12.2020. 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 8.07 12,900 March 16, 2021
DAX® index HR1PRA 6.87 13,450 June 15, 2021
Source: HypoVereinsbank onemarkets; February 8, 2020; 5:43 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 5.74 13,300 March 16, 2021
DAX® index HR1PRG 6.53 12,900 June 15, 2021

Source: HypoVereinsbank onemarkets; December 8th, 2020; 5:43 pm

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The article Daily Outlook for December 9th: DAX continues to lag. Hella, ams and Tesla in focus! first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Richard Pfadenhauer

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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