Frankfurt - DAX (DAX.NDX)

Short term

Investors have accepted lower prices over time to get out of Frankfurt - DAX and the index 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 has built a double bottom formation and given signal of further rise to 19523. On reactions back, there is now support at 19264. The index is approacing resistance at 19480 points, which may give a negative reaction. However, a break upwards through 19480 points will be a positive signal. The index is overall assessed as technically neutral for the short term.

Recommendation one to six weeks: Hold

Medium term

Investors have paid higher prices over time to buy Frankfurt - DAX and the index is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. A head and shoulders formation is under development. A decisive break of the support at 19051, ideally with an increase in volume, signals a further fall. 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 18900 points. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive

Long term

Frankfurt - DAX is in a rising trend channel in the long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. 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