DONNER & REUSCHEL - Technical Analysis DAX 30
DAX again closer to the 200-day line
- MACD & Slow Stochastics caution -
The US trade dispute with China and the uncertainties surrounding the German government were yesterday's major political drag factors for the German stock index. As expected, the German leading index did not make any big cheers. Even more. The DAX 30 was even stronger than expected at the start of the week. The daily low was 12,785 points. Hot on the important 200-day line. Previously, trend followers as well as short-term indicators still displayed stability. The signs were more for short-term sideways tendencies. The 200-day line is therefore again in focus today. It runs pre-trade at 12,773 points. Both MACD (Trend Following Indicator) and Slow Stochastics (Short-term Indicator) urge caution. Both trigger a sell signal. From a fundamental point of view, both the ifo economic forecast and the US building permits and starts are expected today. The German stock market remains upwardly senior. In the short to medium term, it can now be a bit bumpy. Holding the 200-day line would be an important signal for continued stability. Psychologically important would also be the early recapture of the 13,000 mark. However, especially MACD & Slow stochastics currently speak a different language. Therefore maintain stop-loss discipline.
DAX again closer to the 200-day line (!)
MACD & Slow Stochastics caution (!)