Investeringsidé
Annoncering

DAX Market Analysis, June 2021

11. juni 2021 | 2 Læsetid
0702018_Börse_Header

May was a bullish month for the DAX index and ended at a +1,8% gain for the month. The shooting star candlestick formation for April, which suggested selling pressure ahead, is now invalid. DAX tried to start pullbacks at several points but the monthly EMA12 level held and all pullback attempts were bought by the bulls. Speculations about inflation and rising interest rates tried to shake the markets but the bears lost the battle and May ended with a candlestick that suggest buying pressure.

May was a bullish month for the DAX index and ended at a +1,8% gain for the month. The shooting star candlestick formation for April, which suggested selling pressure ahead, is now invalid. DAX tried to start pullbacks at several points but the monthly EMA12 level held and all pullback attempts were bought by the bulls. Speculations about inflation and rising interest rates tried to shake the markets but the bears lost the battle and May ended with a candlestick that suggest buying pressure.

On the monthly chart, the trend continues to point north. DAX is however somewhat far away from its moving average EMA6 and thus it is quite likely that we will see an EMA6 pullback test within the near term future. Advancing indices during the summer months are rarely seen and the current up trend has been very strong this year.

image8

Long term levels of support:  14800, 14000

Long term levels of resistance:  15600, 16000

Below on the weekly chart we can easily see that DAX did a significant move down each week during May to test the weekly moving average EMA6 which held intact. The weekly EMA6 has been a good support level and entry level for DAX for several months. The mid term trend is still bullish and the monthly pivot point R1 (15720) is an important level if DAX continues to seek higher price levels. For pullbacks, another EMA6 test and below is quite likely since the current bull run has lasted very long.

image9

Medium term levels of resistance: 15720, 16000

Medium term levels of support: 15000, 15160

For the bullish trade, look for an entry near the weekly EMA6 (currently at 15162). For this strategy, there are several options available depending on risk appetite. One option could be:

For the bearish trade a good entry could be at monthly pivot R1 15720 and level 16000 is resistance. As an example would be:

image3

US investor sentiment is now in bearish territory, which was last seen in November 2020. Also the volatility has clearly been rising.

image2

June has historically been somewhat negative for the DAX

image15

Above: McClellan oscillator is back in bullish mode.

image7

Above: Split of stocks in DAX index that are above or below their respective DMA20 averages. The indicator is again above its zero line which is bullish.

image13

Above: Summary of technical indicators of stocks in DAX index. We are again in buy mode.

image4
image12
image11
image1
image5

Above: DAX historical weekly and daily changes

image13

Above: World’s main futures continue in strong buy yet again.

Risici

This information is neither an investment advice nor an investment or investment strategy recommendation, but advertisement. The complete information on the securities, in particular the structure and risks associated with an investment, are described in the base prospectus, together with any supplements, as well as the final terms. It is recommended that potential investors read these documents before making any investment decision. The documents and the key information document are published on the website of the issuer, Vontobel Financial Products GmbH, Bockenheimer Landstrasse 24, 60323 Frankfurt am Main, Germany, on prospectus.vontobel.com and are available from the issuer free of charge. The approval of the prospectus should not be understood as an endorsement of the securities. The securities are products that are not simple and may be difficult to understand. Past performance is not a reliable indicator of future performance.

Tags:

Hold dig opdateret

Tilmeld dig for at modtage information om børshandlede produkter.

Dine personlige data vil blive behandlet for at levere information i henhold til Vontobels fortrolighedspolitik.

newletter overlay image

Hold dig opdateret

Tilmeld dig for at modtage information om børshandlede produkter.

Dine personlige data vil blive behandlet for at levere information i henhold til Vontobels fortrolighedspolitik.

Vontobel Markets – Bank Vontobel Europe AG og/eller tilknyttede virksomheder. Alle rettigheder forbeholdes.

Læs venligst dette, før du fortsætter, da ikke alle har adgang til de produkter og tjenester, der diskuteres på denne hjemmeside. Prospekter for de respektive produkter, der anses for vigtige, kan fås hos udstederen: Vontobel Financial Products GmbH, Bockenheimer Landstrasse 24, DE-60323 Frankfurt am Main, Tyskland, eller på denne hjemmeside.