DAX Developments in Week 15
Market Volatility and Profit-Taking
The DAX exhibited increasing volatility and stronger profit-taking in recent weeks, especially after reaching a new all-time high above 23,000 points in March 2025. This profit-taking led to a decline below the 20,000 mark, which clouded the chart picture.
Economic and Political Influences
Influences from global economic policy, such as the ongoing trade conflict between the USA and China, also impacted the DAX. China announced that it would “fight to the end” in the trade dispute, fueling uncertainty in the markets. At the same time, there was a celebratory mood as the DAX reacted to positive news, although these should be taken with caution.
Technical Analysis
Technically speaking, the DAX was trading below the SMA50, indicating further declines that could extend down to the SMA200. The SMA200 was at about 20,037 points and served as an important support point. A pullback to this line could lead to stabilization if the index can hold there.
Outlook for Next Week
Significant volatility was expected for the coming week, with potential fluctuations between 21,200 and 22,700 points or alternatively between 17,500 and 19,400 points. The decision on whether the DAX enters a recovery phase or continues to fall is likely to revolve around the 200-day average.
Resistance and Support Levels
Important resistances were at 20,522, 21,252, and 21,800 points, while supports were marked at 19,674, 18,892, and 18,567 points. Additional supports were identified at 20,155 and 19,450 points.
Long-Term Perspective
In the long term, it is expected that the DAX will reach new highs. Stronger corrections have historically provided good buying opportunities, making a target of around 27,000 points by 2030 appear realistic.
In summary, the DAX was influenced by volatility, political tensions, and technical factors in Week 15. Investors should act cautiously and monitor the developments of supports and resistances.