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Outlook for December 15: DAX firmer. Strong demand for Adidas, Biotech and Scale30 stocks. – columns

Monday,
December 14, 2020
17:46

from onemarkets blog

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The bulls used Friday’s setback to get in today. Unimpressed by the new lock-down resolutions and supported by the emergency approval of the corona vaccine in the USA, the majority of the DAX® & Co pushed their way up today. The DAX® closed 1.2 percent up at 13,270 points and the EuroStoxx®50 index around one percent higher at 3,520 points.

After the significant price decline on the bond market last week, a certain calm returned today. The yield on 10-year government bonds fluctuated in the range of minus 0.62 percent. The precious metals moved in a narrow range around the closing level on Friday. Gold with a downward trend. Silver with a slightly positive sign. The rebound in the dollar index – albeit at a very low level – curbed the recovery in precious metals today. Today, OPEC revised the demand forecast for 2021 downwards. The price for a barrel of Brent Crude Oil was nevertheless able to maintain itself in the range of 50 US dollars.

Company in focus

Adidas puts the US subsidiary to the test again. According to a report on Bloomberg, the future should be decided by March 2021. Then the management wants to present the new 5-year plan. Meanwhile, the share felt its way towards the all-time high. The plastics manufacturer Covestro continued the upward trend undeterred today and set course for the long-term resistance level of EUR 51.10. FreseniusCEO Stephan Sturm was optimistic about the coming year to dpa. “The aim must be that we not only see renewed sales growth in 2021, but also increase earnings again,” said Sturm. The assessment was well received by investors. The share headed for the upper limit of the sideways trend that had been in place since mid-November 2020. The share of Munich Re benefited from positive analyst assessments. With the lockdown today, internet service providers got like Delivery Hero, Global Fashion Group, Zalando as Teamviewer Boost. United Internet hit a major resistance level today at EUR 34. One of the strongest industry and strategy indices today was the European Biotech Index, the Scale30 index, which reflects the price development of smaller listed companies as well as and the Stoxx® 600 Banks Index. During the corona crisis, European banking supervision recommended that the banking sector refrain from paying a dividend by the end of the year. Last Friday, regulators reported that banks may return dividends to shareholders in 2021 – albeit likely to a small extent.

Inditex and Hennes & Mauritz present business figures tomorrow. Ceconomy gives a strategy update.

Important appointments

  • China – industrial production, November
  • France – consumer prices, November
  • France – Business Climate, December
  • USA – Empire State Index, December
  • USA – Industrial Production, November

Chart technical outlook

Resistance marks: 13,285 / 13,360 / 13,420 points

Support marks: 13,100 / 13,140 / 13,180 / 13,230 points

The DAX® started trading with a gap of 13,200 points and even increased profits over the course of the year. This initially broke out of the short-term downward trend. The index is currently supported at around 13,230 points. If the index tips below this level and thus back into the downward trend, there is a risk of consolidation up to 13,180 points and then up to 13,140 points. Further buying impulses could follow above 13,285 points.

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

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Observation period: November 16, 2020 – December 14, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

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

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Observation period: December 15, 2013 – December 14, 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 7.78 12,900 March 16, 2021
DAX® index HR1PRA 6.83 13,450 June 15, 2021
Source: HypoVereinsbank onemarkets; December 14, 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 6.07 13,300 March 16, 2021
DAX® index HR1PRG 6.93 12,900 June 15, 2021

Source: HypoVereinsbank onemarkets; December 14, 2020; 5:37 pm

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The article Daily Outlook for December 15: DAX firmer. Strong demand for Adidas, Biotech and Scale30 stocks. 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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