DAX: Upswing meets hurdle
The DAX opened positively on Friday and entered consolidation mode below the 3-week high of 22,318 points reached in the afternoon.
Next supports:
- 22,000-22,044
- 21,723
- 21,377-21,437
Next resistors:
- 21,258-22,322
- 22,409
- 22,563/22,574
The 50-day moving average (LMA) at 22,215 points was narrowly overcome at the daily close (22,242). However, the index now faces further staggered resistance in the form of the medium-term downtrend line from the record high and a relevant Fibonacci zone. A respite would not be surprising, especially given the short-term overbought situation in the technical market indicators . The next resistance levels today are 21,258-22,322 points and 22,409 points. An hourly close above this level would be bullish, with the next potential targets at 22,563/22,574 points, 22,615 points, 22,723/22,740 points, and 22,826 points. An hourly close below the current support zone at 22,000-22,044 points would provide the first price warning signal of an impending period of weakness. In this case, possible next support areas are 21,723 points and 21,377-21,437 points.
Unlimited Turbo | BEST Turbo | factor | |
|---|---|---|---|
type | Call | Call | Long |
WKN | |||
Duration | open-ended | open-ended | open-ended |
Base price | 17,954.9063 P | 20,646.3950 points | – |
barrier | 18,321.0783 points | 20,646.3950 points | – |
Leverage/Factor* | 5.1 | 13.1 | 10 |
Price* | 44.13 EUR | 17.40 EUR | 2.13 EUR |
Unlimited Turbo | BEST Turbo | factor | |
|---|---|---|---|
type | Put | Put | Short |
WKN | |||
Duration | open-ended | open-ended | open-ended |
Base price | 26,169.2166 points | 23,873.5071 points | – |
barrier | 25,640.0000 P. | 23,873.5071 points | – |
Leverage/Factor* | 5.8 | 14.1 | 10 |
Price* | 38.23 EUR | 15.43 EUR | 2.72 EUR |
*Indicative
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