Market Development and Background
Record Highs and Subsequent Correction
- All-Time High: In the past few days, the Dax has repeatedly set new records. On Tuesday, it reached a new all-time high of about 24,301 points. On Wednesday morning, another high was marked at 24,325 points.
- Price Decline: After this surge, a slight correction followed: At market close, the index stood at 24,038 points – a decrease of about 0.8 percent compared to the previous day.
- Market Sentiment: Despite the decline, the overall sentiment remains positive: The Dax has already reached its 28th all-time high this year, indicating ongoing upward momentum.
Technical Analysis and Support Levels
- Support: According to technical analysis, the Dax is well supported by price levels around the marks of 24,009 and below at about 23,911 points.
- Key Zones: Larger losses below these levels would only be relevant if the index falls below the March high of approximately 23,476 points.
- Upward Potential: As long as the index remains above these critical levels, the chances for further gains persist.
Influencing Factors for Private Investors
Market Trends
- Record Series: The repeated setting of new highs signals robust demand for stocks of German companies.
- Corrections Normalize Price Movements: Short-term setbacks, such as on Wednesday, are typical for bull markets and often provide opportunities for entry or portfolio adjustment.
Sector Developments
- Winners in the DAX: Recently, stocks from the defense sector (e.g., Rheinmetall) and Airbus were particularly in demand.
- Losers in the DAX: In contrast, Daimler Truck faced significant declines – not least due to ex-dividend trading on Wednesday morning.
External Influences
- US Tariffs on EU Goods Have Been Postponed, which provided temporary relief; however, a deadline (July 9) apparently remains.
- Speculations Around Good Quarterly Reports from Large US Technology Companies (like Nvidia) continue to support investor confidence in the global stock market overall.
Conclusion
The recent price decline of the DAX is to be viewed as a normal consolidation in the context of a long-lasting record series – especially given the technical support zones above important psychological marks such as the March highs of about 23,476 points, the upward potential remains intact. For private investors, this means: Despite short-term fluctuations, there is much to indicate that the positive trend could continue – as long as no major external shocks occur or important support levels are breached.
Monitoring such developments helps private investors make informed decisions about their portfolios and better assess opportunities and risks.