{"id":52365,"date":"2024-07-15T08:44:02","date_gmt":"2024-07-15T06:44:02","guid":{"rendered":"https:\/\/www.captrader.com\/?post_type=analyse&p=52365"},"modified":"2024-07-15T08:44:02","modified_gmt":"2024-07-15T06:44:02","slug":"dax-forecast-and-analysis-attack-on-all-time-highs","status":"publish","type":"analyse","link":"https:\/\/www.captrader.com\/en\/analyse\/dax-prognose-und-analyse-angriff-auf-allzeithochs\/","title":{"rendered":"DAX forecast and analysis: Attack on all-time highs"},"content":{"rendered":"

Dear traders, dear stock market friends.<\/p>\n\n\n\n

Following the correction in May and June, the DAX has received a renewed tailwind in the last three weeks. With a rise of 273 points or 1.5 % last week, the leading German index tackled the all-time high of 18,893 points, which is just a few points away.<\/p>\n\n\n\n

<\/a>DAX breaks out of correction formation<\/h2>\n\n\n\n

After the short-term correction on Monday and Tuesday, the DAX started an upward movement on Wednesday and was able to break out of the correction formation. The index broke through the downward trend line as well as the short-term horizontal resistance and the upper Bollinger band on the daily chart. The correction that began on May 16 thus appears to be technically over and the DAX is moving towards its all-time high. If the DAX completes a pullback to the 18,500 point area in the course of this week and tests the breakout level, this would provide an opportunity for a long entry with an attractive risk\/reward ratio.<\/p>\n\n\n\n

\"DAX<\/figure>\n\n\n\n

DAX daily chart<\/p>\n\n\n\n

<\/a>Weekly EMA 20 defended<\/h2>\n\n\n\n

The overarching upward trend in the DAX remains fully intact. As can be seen in the following weekly chart, the most recent correction was to the weekly EMA 20 (purple). This has not yet been breached to the downside since the start of the strong price rally in November 2023, which is a signal that the strong bullish momentum is still intact. However, even a break of the weekly EMA-20 would by no means call the trend into question. The next important support area is located at 17,750 points. A few points lower are the weekly EMA-50, the daily EMA-200 and the upward trend channel line. On the upside, there are still two short-term resistances: the upper Bollinger band and the upper trend channel line. From a trend analysis perspective, a more extended correction would be healthy for the long-term trend and would again open up new medium to long-term entry opportunities.<\/p>\n\n\n\n

\"DAX<\/figure>\n\n\n\n

DAX weekly chart<\/p>\n\n\n\n

<\/a>SDAX on an upward trend, MDAX still weak<\/h2>\n\n\n\n

Alongside the DAX, the SDAX is now also in an intact primary upward trend. With the breakout above 14,000 points, the small-cap index was able to break through an important resistance and the chart picture has brightened considerably.<\/p>\n\n\n\n

\"SDAX<\/figure>\n\n\n\n

SDAX weekly chart<\/p>\n\n\n\n

However, the technical situation in the MDAX does not look quite so positive at present. The index has been trending sideways since the beginning of 2023 and is in a long-term triangle formation. A breakout above 27,500 points would generate a long-term bullish signal and clear the way upwards.<\/p>\n\n\n\n

\"MDAX<\/figure>\n\n\n\n

MDAX weekly chart<\/p>\n\n\n\n

Author Tobias Schmid<\/a>
Date: 15.07.2024<\/p>","protected":false},"excerpt":{"rendered":"

Liebe Trader, liebe B\u00f6rsenfreunde. Nach der Korrektur im Mai und Juni erhielt der DAX in den letzten drei Wochen erneuten R\u00fcckenwind. Mit einem Anstieg von 273 Punkten bzw. 1,5 % in der vergangenen Woche nahm der deutsche Leitindex das Allzeithoch bei 18.893 Punkten in Angriff, welches nur wenige Punkte entfernt liegt. DAX bricht aus Korrektur-Formation […]<\/p>\n","protected":false},"author":44,"featured_media":52366,"template":"","analysen-kategorie":[856,849],"class_list":["post-52365","analyse","type-analyse","status-publish","has-post-thumbnail","hentry","analysen-kategorie-dax","analysen-kategorie-index"],"acf":{"blog_summary":"","blog_faq_schalter":"nein","faq_uberschrift":"","blog_faq_loop":null},"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analyse\/52365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analyse"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/analyse"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/44"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media\/52366"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=52365"}],"wp:term":[{"taxonomy":"analysen-kategorie","embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analysen-kategorie?post=52365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}