Current Trading Dynamics
- Intraday High: The index reached as high as 22,266.59 points during the day, while the low was 22,078.34 points.
- Trading Volume: The companies listed on the DAX reached a market capitalization of approximately 1.987 trillion euros by noon.
- Technical Signals: The V-shaped recovery since the low of 18,489 points on April 7 (“Panic Monday”) has now fully stabilized the DAX.
Drivers of the Recovery
- US-China Trade Talks: Hopes for easing trade tensions between the US and China are supporting prices.
- Technical Impulses: The breakout of the “turnaround zone” above 21,724 points signals bullish momentum.
- Liquidity Inflows: Investors are taking advantage of weakness periods for entry, especially after the recent drop of over 3,200 points in early April.
Critical Resistances and Risks
- Technical Hurdles: The combination of the resistance level at ~22,226 points and the declining 50-day line (~22,213) limits short-term upside potential.
- Volatility Index (VDAX-NEW) fell to ~24.88%, but remains above the long-term average – a sign of latent nervousness.
- The annual high for the DAX currently stands at ~23,476 points; a renewed test of this level would require further confidence.
Long-Term Perspective
Since the beginning of the year, the DAX has recorded a gain of over eleven percent (as of the noon calculation), with analysts indicating that the long-term uptrend remains intact despite the April slowdown. What is now relevant for investors includes:
| Factor | Details |
|---|---|
| Support Zones | 21,724 / 21,513 / 21,296 points |
| Target Levels | 22,573 / 22,740 / 23,476+ |
| Key Events | Progress in US-China talks & Q1 company reports |
The current rally illustrates the resilience of the German leading index – however, experts urge caution in light of geopolitical risks and signs of technical overheating.