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DAX30 Perf Index
DAX30 Perf Index
- EUR (-)
15 min delay - Germany Indices
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Type: Indices
Ticker: DAX
ISIN: DE0008469008

DAX30 Perf Index - DAX30 Surged More Than 7% This Month - 12/19/2016

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The DAX 30 German index is having an interesting month as the price surged more than 7% so far this month and recorded an almost 4-month new high at 11452 price level. During the previous two weeks, the index broke the consolidation area that was holding since August to the upside with strong momentum.

The technical structure suggests further upside momentum if there is a penetration of the aforementioned fresh high. On the other hand, the price may create a retracement until the 11132 support level and then continue its upward momentum. The price is trading well above its moving averages while the technical indicators corrected overbought readings. The RSI indicator is holding near the 70 level with some weak momentum while the MACD oscillator is rising above both, its trigger and zero lines.
  • Timeframe : Daily
DAX30 Perf Index - Daily
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