{"id":56058,"date":"2024-10-07T09:39:20","date_gmt":"2024-10-07T07:39:20","guid":{"rendered":"https:\/\/www.captrader.com\/?post_type=analyse&p=56058"},"modified":"2024-10-07T09:39:21","modified_gmt":"2024-10-07T07:39:21","slug":"dax-forecast-and-analysis-dax-in-correction-mode-2","status":"publish","type":"analyse","link":"https:\/\/www.captrader.com\/en\/analyse\/dax-prognose-und-analyse-dax-im-korrekturmodus-2\/","title":{"rendered":"DAX forecast and analysis: DAX in correction mode"},"content":{"rendered":"

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

The DAX staged an impressive comeback in September and has now risen above the 19,000 point mark to a new all-time high. The fundamental environment and the technical outlook remain positive and point to a continuation of the trend in the medium term.<\/p>\n\n\n\n

<\/a>Tailwind from China and the USA<\/h2>\n\n\n\n

Inflation continues to fall in the eurozone, which keeps the ECB's door open for further interest rate cuts in the coming months and is currently creating positive sentiment on the stock markets. At 1.8 % year-on-year, consumer prices in the eurozone published for September were below the target of 2 % for the first time since 2021.<\/p>\n\n\n\n

In addition to the prospect of further interest rate cuts by the ECB, the DAX recently received additional tailwind from China and the USA. The latest price rally, which helped the DAX reach a new all-time high, was triggered by the Chinese government's announcement of a comprehensive economic stimulus package, which includes measures to support the sluggish economy and the real estate market and led to historic price gains on the Chinese stock market.<\/p>\n\n\n\n

Last week, the non-farm payrolls in the US also surprisingly signaled a very robust labour market. Although this is likely to slow down the pace of interest rate cuts in the US somewhat, the positive economic outlook and the decreasing risk of a recession are currently a far more important factor for the equity markets.<\/p>\n\n\n\n

<\/a>Breakout from sideways range<\/h2>\n\n\n\n

Meanwhile, the DAX managed to break out of its sideways range of several months and the resistance area at 19,000 points. The upward trend has thus been confirmed once again and the chances of a continuation of the bull market are therefore very good.<\/p>\n\n\n\n

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

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

<\/a>Chance of trend continuation after pullback<\/h2>\n\n\n\n

Following the breakout in the week before last, last week saw a pullback to the former resistance area at 19,000 points, which is now acting as support. As can be seen on the daily chart below, a nice secondary uptrend has formed (rising highs and rising lows). Last week's correction ran exactly to the previous local high of the uptrend.<\/p>\n\n\n\n

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

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

If the chart technique works according to the textbook, we should now see a continuation of the upward trend or at least an attack on the highs at around 19,500 points.<\/p>\n\n\n\n

The hourly chart of the DAX future shows that a new subordinate (tertiary) upward trend is emerging or has already formed. If there is another setback at the beginning of the week, it is worth looking for long signals (e.g. candlestick reversal signals or buying under high volume) in the area of the support zone marked in green.<\/p>\n\n\n\n

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

DAX Future hourly chart<\/p>\n\n\n\n

<\/a>Small caps also strong<\/h2>\n\n\n\n

In addition to the positive performance of the DAX, second-line stocks have also shown strength over the past two weeks.<\/p>\n\n\n\n

The SDAX has broken through the striking resistance zone at 14,000 points on the upside, including all important moving averages on a daily basis. It is important that a follow-through (follow-up buying) now takes place and that the index can hold the support area.<\/p>\n\n\n\n

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

SDAX Index daily chart<\/p>\n\n\n\n

The MDAX has now also formed at least a secondary upward trend and has risen above all important EMAs as well as the resistance at around 26,000 points. However, the next important resistance is waiting at around 27,500 points, which still needs to be overcome before the long-term chart picture brightens significantly.<\/p>\n\n\n\n

MDAX Index daily chart<\/p>\n\n\n\n

Author: Tobias Schmid<\/a>
Date: 07.10.2024<\/p>","protected":false},"excerpt":{"rendered":"

Liebe Trader, liebe B\u00f6rsenfreunde. Der DAX hat im September ein beeindruckendes Comeback an den Tag gelegt und ist mittlerweile \u00fcber die 19.000 Punkte Marke auf ein neues Allzeithoch angestiegen. Das fundamentale Umfeld wie auch der charttechnische Ausblick bleiben positiv und sprechen f\u00fcr eine mittelfristige Trendfortsetzung. R\u00fcckenwind aus China und den USA In der Eurozone ist […]<\/p>\n","protected":false},"author":44,"featured_media":56060,"template":"","analysen-kategorie":[856,849],"class_list":["post-56058","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\/56058","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\/56060"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=56058"}],"wp:term":[{"taxonomy":"analysen-kategorie","embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analysen-kategorie?post=56058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}