Top gainers include SAP SE (+1.96%), E.ON SE (+0.67%), Dr Ing hc F Porsche AG Pref (+0.65%), Adidas AG (+0.57%).
Top decliners include Commerzbank AG (–4.98%), Deutsche Bank AG (–3.36%), Siemens Energy AG (–2.71%).
DAX 40 forecast / weekly outlook: despite mixed sentiment data, the index remains underpinned by lower yields and resilient large caps.
Support and Resistance Levels
On the daily chart, price is correcting within a consolidation, approaching the support line of a “triangle” pattern bounded by 24,500.0–23,600.0. Technical indicators retain a buy signal: fast EMAs on the Alligator sit above the signal line, while the AO histogram in the buy zone prints descending bars.
Support levels: 23,700.0, 22,700.0.
Resistance levels: 24,530.0, 25,460.0.
Trading Scenarios (price forecast this week)
If the rise continues and price secures above the 24,530.0 resistance, long positions are relevant with a target at 25,460.0 and a stop-loss at 24,000.0. Horizon: 7+ days.
If the decline continues and price secures below the 23,700.0 support, short positions are relevant with a target at 22,700.0 and a stop-loss at 24,100.0.
Scenario
- Timeframe: Weekly
- Recommendation: BUY STOP
- Entry Point: 24,530.0
- Take Profit: 25,460.0
- Stop Loss: 24,000.0
- Key Levels: 22,700.0, 23,700.0, 24,530.0, 25,460.0
Alternative Scenario
- Recommendation: SELL STOP
- Entry Point: 23,700.0
- Take Profit: 22,700.0
- Stop Loss: 24,100.0
- Key Levels: 22,700.0, 23,700.0, 24,530.0, 25,460.0