Current DAX Development and Forecasts
- The DAX closed in May 2025 at around 23,997 points, having gained about 1,500 points since the beginning of the year. In the first days of June, the index also hovered just below the 24,000-point mark.
- Short-term analyses show decreasing volatility after reaching a high above the 24,000 mark. This can be interpreted as a sign of a possible consolidation phase or a pause in the upward movement.
- From a technical perspective, the chart remains fundamentally bullish with support lines around 20,500 points and a long-term upward trend towards very high target levels (e.g., around 100,000 points by 2050). However, there are indications of a potential weakening of the current momentum.
Reasons for Possible “Thinner Air” in the Stock Market
- Overbought signals suggest that a correction or sideways movement is likely in the short term.
- Global uncertainties such as earnings reports, tariffs, and fiscal risks in the USA also negatively affect the German market and could exert pressure on prices.
Outlook for Investors
For savers and small investors, this means:
- The chances for quick profits from further rising prices are currently limited; rather, sideways movements or moderate setbacks should be expected.
- A cautious positioning with a view to technical supports (e.g., around the mark of about 20,500 points) may be sensible.
- Long-term, the German stock market remains attractive, but in the short term, one should prepare for more volatile phases.
In summary: Although the DAX still possesses positive long-term potential, it will be more difficult to continue to grow strongly without setbacks in the current environment – in other words, the “air” is getting thinner for German stock prices in the near future.