The DAX has remained stable after a retracement from its record high, indicating a certain calm in the market. However, this stability could be influenced by the upcoming quarterly reports, which can often trigger significant market movements. Here are some key aspects affecting the current situation of the DAX:
Current Market Situation
- Retracement from Record High: The DAX reached a record high of around 21,000 points in mid-April 2025, representing a significant increase of over 96% compared to earlier values. After this peak, there was a retracement, but it did not lead to a larger market correction.
- Stability and Volatility: The VDAX-New, an indicator for volatility in the DAX, was recently at about 19.66%, indicating a calmed market situation, yet with a declining trend. A decrease in the VDAX-New from high values could indicate rising prices, while an increase from low values could suggest falling prices.
Outlook and Forecasts
- Quarterly Reports: The upcoming quarterly reports from companies are expected, as they often play a crucial role in determining market direction. Positive reports could further push the DAX up, while negative reports could lead to a correction.
- Forecasts for 2025: The forecasts for the DAX in May 2025 suggest a slight change, with an expected month-end value of around 22,819 points. The forecasts for the following months also show a moderate increase, indicating a general stability of the market.
Technical Analysis
- Gaps and Resistance Levels: There are several gaps in the DAX that could serve as important support or resistance levels. These are around 22,607, 21,296, 18,198, 17,817, 16,957, and 16,262 points. A break through these levels could influence the market direction.
In summary, the DAX remains stable after its retracement, but investors’ attention is directed toward the quarterly reports. These reports could decisively influence the market direction and determine the stability of the DAX in the coming weeks.