DAX 30 (surprisingly) stable despite "Evening Star

The military strike against Syria threatened by US President Trump via Twitter failed to take place yesterday. Nevertheless, international stock markets remained driven by nervousness and uncertainty.

Fundamentally, the US inflation data published yesterday showed a solid upswing. "However, these "interest concerns" are unlikely to trigger any.

The DAX 30 still needs to be consolidated, following the short-term D&R technical price target (12,489), which was almost reached recently. The profit-taking announced at the beginning of the week came to pass.

Irrespective of this, the primary trend remains secured at around 11,800. The psychologically important 12,000 also continued to be sustainably consolidated.

However, short-term investors should leave their take-profit brands unchanged or follow suit.

In market terms, the indicators continue to show an easing of tension. In particular, the trend following indicator MACD cannot be "misled" here. However, the likelihood of short-term profit taking remains due to recent threats of Trumps.

The long-term trend remains intact even today, but there can always be nervous short-term twitches. The leading German index seemed surprisingly stable yesterday when the "trump tweets" are compared.

Even yesterday's "Evening Star" should not change that.

  • Next chart resistors: 12.489, 12.722, 12.951
  • Next important chart supports: 12.232, 12.162, 12.154, 12.067, 11.830
  • Upper Bollinger Band: 12,527, Middle Bollinger Band: 12,163 and Lower Bollinger Band: 11,800
  • 90-day line: 12,709 and 200-day line: 12.662 and: 21-day line: 12,176
  • Indicators: MACD: Turning point | RSI: neutral I Slow-Stochastics: neutral I Momentum: positive In total: positive (primary trend), short-term profit-taking possible
  • Volatility (VDAX-NEW): 17.56 Today's opening at 09:00 is expected at around 12,300 points.
  • (Trailing) stop loss: 12,232, 12,162, 12,154, 12,067, 11,830 (depending on individual risk affinity)

Conclusion: 

  • Primary upward trend (since 2009) still intact 
  • Further stabilization despite consolidation 

Visit us on the DONNER & REUSCHEL Homepage: 

https://www.donner-reuschel.de/unsere-angebote/asset-management/technische-analyse.html