DAX Performance in Calendar Week 17/2025
The DAX showed mixed dynamics in the week from April 17 to April 25, 2025, with individual values experiencing significant losses while the index as a whole remained on an upward trend.
Top and Flop Stocks in the DAX
The biggest losers of the week:
- Rheinmetall: -5.29% – Significant decline despite the industry-wide focus on armaments and security technology.
- Deutsche Telekom: -1.80% – Slight pressure in the telecommunications sector.
- EON SE: -1.57% – Energy values remained under scrutiny due to fluctuating raw material prices.
The index itself benefited from a recovery phase after the dip in early April, approaching the key resistance at 22,222 points, while the yearly high of 23,476 points continues to be seen as a distant target.
Market Drivers and Technical Analysis
- Technical Level: The DAX struggled with the critical resistance at 22,222 points (“Hop or Top”), whose overcoming would pave the way to 22,536 (R3). Support was found around 21,728 and 21,500 points.
- Volatility: The VDAX-NEW (Volatility Index) was at a moderate 23.91, indicating subdued risk perception.
Context for Investors
Despite individual weaknesses, the leading index demonstrated robustness with an increase of over 11% since the beginning of the year, supported by hopes for economic stabilization and interest rate expectations from the ECB.
Relevant for savers: The current consolidation around the 22k mark could provide medium-term entry opportunities, particularly in defensive sectors like insurance (Münchener Rück: +0.43%), while cyclical values such as Rheinmetall require short-term timing.