Past performance, forecasts and simulations are not an indicator of future performance.
The DAX was volatile on Friday. After a weaker opening, it continued its rally to a 10-month high at 13,774 points that was recorded earlier this morning. This brought the index closer to the record high from February, up to 21 points. Profit-taking that started there pushed the price back into the red in the afternoon. The German stock market barometer closed not far from the daily low with 13,631 points.
A bearish shooting star candle formed on the basis of the daily chart. With its pronounced wick (upper shadow) it indicates excess supply at the important price level that has been reached. A short-term consolidation or correction would not come as a surprise in view of the situation in the technical market indicators as well as in the sentiment indicators. The index is next supported at 13,567-13,597 points. Below this short-term relevant zone (especially based on the daily closing price) there would be a slight clouding of the chart and it would be necessary to plan a breather with deliveries in the direction of 13,500 points, 13,445-13,460 points and possibly 13,375-13,412 points. A sustained rise above the critical hurdle at 13,774-13,795 points per day’s close is required in order to generate a procyclical follow-up buy signal within the framework of the overall upward trend. In this case, the next possible targets can be identified at 13,899-14,007 points and 14,228 points.
- 13.726 / 13.729
Product idea: Unlimited Turbo Warrants
|SB7T6Z||Call||DAX 30||Leverage: 10.1|
|CJ49V0||Put||DAX 30||Leverage: 10.9|
The products mentioned are only shown in short form.
The relevant product information is available on the Internet at https://sg-zertifikate.de. The base prospectus as well as the final terms and the key information sheets are available by clicking on the WKN.
You are about to acquire a complex product that is not simple and can be difficult to understand. Please note that certain products are only suitable for short-term investment periods. We recommend that interested parties and potential investors read the Base Prospectus and the Final Terms before making an investment decision in order to obtain as much information as possible about the potential risks and opportunities of the security, in particular about the potential risks and opportunities of the decision to invest in the securities invest to fully understand. The approval of the base prospectus by the Federal Financial Supervisory Authority is not to be understood as its approval of the securities offered.
onvista Advent Calendar: Just one DAX tip away from your dream price
The onvista advent calendar is waiting for you with great prizes! And you are only one DAX tip away from your dream price. Because from December 1st, behind every door there will be attractive prizes such as an iPhone 12 Pro, a Playstation 5, an Apple Watch, a Nintendo Switch and much more. Now participate and win!
Contact for questions and suggestions
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 recognizable by third parties in the “News” area
This website has been discontinued and does not adopt it as its own. These contents are in particular through
a corresponding “from” mark below the article heading and / or through the link
“To read the full article, please click here.” responsible for
this content is solely the named third party.