DAX Development in KW 21
The DAX continued to show an upward trend in KW 21, reaching a new all-time high in 2025. This trend was supported by the bulls, although trading volume was below the average of recent years. The bulls were able to extend the trend upwards, indicating that the DAX still has potential for upward swings as long as certain support levels are not breached.
Winners and Losers in the DAX
In KW 21, there were both winners and losers in the DAX. The losers included companies such as Volkswagen (VW), which fell by 9.09%, followed by Porsche with a decline of 8.57%, and Sartorius with a loss of 6.02%. Other losers were Brenntag SE with a decrease of 5.84% and Siemens Healthineers with a loss of 5.75%.
Influencing Factors on the DAX
Various themes influenced the German stock market in KW 21. Global economic uncertainties, particularly from the U.S., played a role. Discussions about a possible recession and the losses of the top credit rating of the U.S. at Moody’s contributed to the uncertainty. Nevertheless, the DAX benefited as a safe haven for investors turning away from uncertainties in the U.S.
Outlook
The DAX is viewed positively in the short- and medium-term, as long as specific support levels, such as the 21,930-point mark, are not breached. In the long term, the DAX also remains positive as long as the 18,923.40-point mark is not undercut on a monthly basis. These developments are relevant for private investors and savers as they can influence the strategic direction of their investments.