DAX

(Last Updated September 18, 2020)

Hello! This is the news page for DAX. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for DAX.

DAX Moving Averages

Nuances in the trend on DAX can be understood by observing the behavior of its moving averages. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bullish, suggesting the trend is generally upward, save for a fall that occurred about 6 months ago. Moreover, it should also be noted that the 200 SMA just turned bearish today.

Below is a chart showing DAX’s price with its moving averages.

The View From the Weekly Timeframe

At the moment, DAX’s price is up $5.28 (0.04%) from the week prior. Moreover, note that this is the 2nd straight week DAX has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The weekly chart below shows DAX’s price action over the past year.