DAX has been trading within a 1D Megaphone pattern (RSI = 55.442, MACD = 76.600, Highs/Lows = 0.0000) since November 6th. This week the price was rejected on the Higher High zone and is still on the decline towards the 13,176 Pivot line which is also where the MA50 on the 4H chart is. This is a possible Support level. If this level breaks however, we are...
DAX as most indices has been very bullish since the start of the year (strong 1M Channel Up since the 27 December bottom) but lately in particular has been sustaining a strong 1D Channel Up (RSI = 64.920, MACD = 140.500, ADX = 26.747, Highs/Lows = 0.000) since mid August, that even broke (marginally) above the 1M median. This is similar to the Channel Up during...
DAX has broken above the 2019 1M Channel Up (RSI = 60.402, MACD = 306.500, Highs/Lows = 928.2857, ADX = 16.738) last week. The 1D RSI has made a peak at 78.000 which is the point where last May (3rd) it made a Higher High and pulled back aggressively. The January - May sequence has many similarities with the August - today sequence as illustrated on the chart....
DAX has been trading within a long term 1M Channel Up (RSI = 58.539, MACD = 225.500, Highs/Lows = 732.5857) since the December 2018 bottom. From January until July the price traded on the upper band of the Channel and then it made a bottom on the lower band. That essentially started a new Channel Up within the lower band until now that we had a contact with the...
The German DAX has retraced into an interesting cluster of support which is worth being aware of. Recently, the market has risen into a consolidatory phase which produced a triple top. The third top was followed by a sharp retracement and that’s where the market stands at the time of writing. The following Analysis Points (APs) will guide you through some of the...
DAX, as most global leading stock markets, has suffered a big set-back this week in anticipation of today's key macroeconomic data. The 1D MA50 was crossed (blue line) and the index is now close to testing the 1D MA200 (orange). If the price bounces there then 1D (which entered into bearish territory with RSI = 38.234, MACD = 3.700, Highs/Lows = -272.3214) may...
DAX has been trading within a very strong 1D Channel Up (RSI = 59.495, MACD = 84.870) since the August 15th bottom, which is currently on its Higher Low (Highs/Lows = 0.0000). This is a technical buy entry even though this time there are more barriers to overcome such as the 4H MA50 which has rejected today the uptrend (light blue trend line). The Target Zone on...
DAX is trading inside a Channel Up pattern on 4H (RSI = 57.000, MACD = 49.100, Highs/Lows = 0.0000) which is an extension of the 1D Inverse Head and Shoulders (RSI = 53.511) formation that bottomed at 11,270 in mid August. The 11,990 Higher High is symmetrical on the Inv. H&S as was 11,850 before that. This indicates strong bias towards making another symmetrical...
Pattern: Potential Channel Up on 1D emerging. Signal: Bullish after the pattern made successive Higher Lows. Target: Short term = 11840 (Just below the 1D Resistance), Medium term = 12000 (potential contact point with the 4H MA200).
Bearish Head & Shoulders on $DAX This is a representation of the German economy, like the $DJI for the US economy. Price is currently holding at the trend line support. A break below would be a continuation of a downtrend caused by such a pattern. see more at: cryptoplanet.cash instagram: www.instagram.com telegram chat: bit.ly
DAX has touched (and marginally breached) the 11,620 1D Support today (RSI = 36.615, MACD = -138.200, Highs/Lows = -362.6572) forming a Death Cross on 4H (MA50 crossing below the MA200). This is normally a bearish pattern but has proven to be bullish for DAX on the 4H scale. ** If you like our free content follow our profile (www.tradingview.com) to get more...
With the majority of global stock indices on a seasonal correction, DAX hasn't escaped the pattern and is down -4.85% from the 2019 highs. What stands out is that the downside on this correction is limited to -5.85% (avg) based on the last occurrence of the Golden Cross (MA50 over MA200) on a similar candlestick pattern. In 2016 following the post Brexit rally...
The index is pulling back making use of the negative global trade fundamentals, but purely on a technical perspective this selling is a natural retrace of the 1W Channel Up (RSI = 56.647, MACD = 122.700, Highs/Lows = 191.3357) towards a new Higher Low. We have calculated this to be at 11,865 on a Support level that extends as back as September 2018. ** If you...
We have seen the current trading set up on DAX during its previous mini bear cycle (April 2015 - February 2016). During that time the index finally broke upwards for the new mini bull cycle once both Lower High trend lines were crossed and held as supports on at least 1 re-test. Currently DAX has broken above the first Lower High trend line (dashed) and has...
Some technical oscillators are suggesting overbought, but others not so much. The Fibo retracements suggest a strong resistance level. Overall, I want to see the DAX get above these levels if we expect this upward wedge to continue.
If price drops from 38% Fibonacci, we'll probably see a 5 wave structure giving us a new lower low... If 50% or 618% Fibonacci is the target, we'll see a 3 wave structure and you'll see a different structure develop... We'll see how it all plays out, I'll keep you updated.
DAX has nearly met the support of the very long term 1M Channel Up (MACD = 230.800, RSI = 44.082) and has most likely made its Higher Low. If that doesn't break, then the index should aim for 14,400 within the next 18 - 24 months. Our TP for the short/ medium term remains 12,000 & 12,100 in extension.
Beiersdorf AG develops, manufactures, and markets personal care, disposable medical, and adhesive products. Sector: Consumer Staples 52 wk Range: 85.12 - 103.25 Dividend (Yield) = 0.70 (0.71%) P/E Ratio = 32 Beta = 0.58