{"id":68265,"date":"2026-08-17T08:46:41","date_gmt":"2026-08-17T06:46:41","guid":{"rendered":"https:\/\/www.captrader.com\/?post_type=analyse&p=68265"},"modified":"2026-08-17T08:46:42","modified_gmt":"2026-08-17T06:46:42","slug":"dax-chasing-records-the-bulls-are-back","status":"publish","type":"analyse","link":"https:\/\/www.captrader.com\/en\/analyse\/dax-auf-rekordjagd-die-bullen-sind-zurueck\/","title":{"rendered":"DAX hunting for records: The bulls are back"},"content":{"rendered":"

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

The bulls have also returned to the German stock market. After a brief breather in July, the DAX recently resumed its overarching upward movement with renewed momentum, reaching a new all-time high once again in the past trading week. The rally is supported not only by a friendly sentiment in international stock markets, but increasingly also by strong corporate earnings and initial positive signals from the German economy.<\/p>\n\n\n\n

DAX surpasses 26,000-point mark<\/h2>\n\n\n\n

Already at the end of July, the DAX picked up noticeably again. On July 31, the German benchmark index closed at 25,629 points, followed at the beginning of August by the jump above the 26,000-point mark. On August 12, the DAX reached a new all-time high at around 26,560 points and, at the weekend close on Friday, traded just below it at around 26,440 points.<\/p>\n\n\n\n

This represents an increase of about 3 percent since the end of July. Since the beginning of the year, the DAX has now gained approximately 8 percent.<\/p>\n\n\n\n

Tailwinds came recently from the geopolitical side, among others. Hopes for an easing of tensions in the conflict with Iran caused oil prices to drop significantly at times in early August. That took some pressure off inflation and interest rate concerns and accordingly ensured a better mood in the stock markets.<\/p>\n\n\n\n

In addition, there is a surprisingly strong earnings season so far. Many companies have impressed with their figures, which is providing additional support for the rally. European stock markets as a whole also benefited from this, recently hitting new record highs several times.<\/p>\n\n\n\n

Trend movement already well advanced<\/h2>\n\n\n\n

From a chart analysis perspective, the overall picture remains clearly bullish. The long-term upward trend is intact, and the DAX continues to mark rising highs and rising lows.<\/p>\n\n\n\n

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DAX daily chart<\/figcaption><\/figure>\n\n\n\n

However, the current trend is already quite advanced. Following the price gains of recent weeks, a short-term consolidation or correction would therefore not be a surprise. Such a movement would not change the overall positive chart picture in the first place.<\/p>\n\n\n\n

The short-term trend can currently be seen particularly well in the hourly chart. A first important level is at 26,275 points. As long as the DAX is able to hold above this level, the short-term upward trend remains intact for now.<\/p>\n\n\n\n

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DAX index hourly chart<\/figcaption><\/figure>\n\n\n\n

A sustained break below the 26,275-point mark, on the other hand, would provide an initial short-term signal of weakness and pave the way for a slightly larger counter-movement.<\/p>\n\n\n\n

The next relevant support zone is then in the range of approximately 25,800 to 25,900 points. There, it should become apparent whether buyers will once again use a potential correction to enter the market.<\/p>\n\n\n\n

Even a pullback into this range would initially be considered merely a normal correction within the still-intact overarching upward trend.<\/p>\n\n\n\n

Fundamental Tailwind for the DAX<\/h2>\n\n\n\n

The positive price trend is also receiving increasing support from fundamental factors. Particularly striking in this regard are the recently published business figures of major German companies.<\/p>\n\n\n\n

DAX-listed companies increased their cumulative operating profit in the second quarter by 16 percent year-over-year to 52.6 billion euros. This is the highest figure ever recorded in a second quarter. At the same time, the companies\u2019 total revenue rose by 4.6 percent to a record high of around 463 billion euros. Several major players in particular have recently posted impressive results.<\/p>\n\n\n\n