Frankfurt - DAX (DAX.NDX)

Short term

Frankfurt - DAX is in a falling trend channel in the short term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. The index is moving within a rectangle formation between support at 19001 and resistance at 19442. A decisive break through one of these levels indicates the new direction for the index. The index is approaching support at 19000 points, which may give a positive reaction. However, a break downwards through 19000 points will be a negative signal. The index is overall assessed as technically neutral for the short term.

Recommendation one to six weeks: Hold

Medium term

Frankfurt - DAX is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. A head and shoulders formation is under development. A decisive break of the support at 19050, ideally with an increase in volume, signals a further fall. The index is between support at points 18800 and resistance at points 19650. A definitive break through of one of these levels predicts the new direction. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive

Long term

Frankfurt - DAX is in a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 16300 points. The index is assessed as technically positive for the long term.

Recommendation one to six quarters: Positive