DAX

(Last Updated November 27, 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 30 and 14 day timeframes, we see an uptrend in place for DAX.

DAX Moving Averages

DAX’s moving averages tell a multi-facted story about its trend. 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.

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 $149.32 (1.14%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as DAX has now gone up 4 of the past 5 weeks. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. Of note is that the 50 week changed directions on DAX; it is now pointing up. 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.