The DAX experienced volatile developments in calendar week 17 of the year 2025. Starting at 20,794 points on Monday morning, the index initially showed stability.
High and Low Points of the Week
On Tuesday, the DAX managed to briefly exceed the 21,300 point mark. However, it lacked the necessary consolidation to maintain this level. By the end of the week, the index closed at 21,204 points, despite the yearly high being at 23,476.01 points.
Top Performers and Losers
The largest movements within the DAX-40 companies included Rheinmetall, which significantly lost 5.29%. Deutsche Telekom fell by 1.80%, despite a stable market position. Energy stocks such as EON SE and RWE lost 1.57% and 0.70%, respectively, while Munich Re was able to gain slightly by 0.43%.
Market Analysis and Influencing Factors
Technical Signals
The resistance zone between 21,625 and 22,125 points proved critical, as the DAX failed at around the 21,400 point levels. Short-term pullbacks were caught around the 20,000 point mark, indicating strong demand.
Macroeconomic Context
Although concrete news regarding interest rates or economic data is lacking, weaknesses have emerged among energy suppliers despite stable raw material prices. Sell-offs at defense contractor Rheinmetall could be interpreted as profit-taking after previous rallies. The overall index continued to outperform other European markets.
Implications for Private Investors
For private investors, the DAX remains structurally robust with a yearly performance of +11.09%. However, the volatility at the individual stock level requires increased attention to sector rotations and technical signals, especially at resistance levels above 21,000 points.