DAX30 PERF INDEX
DAX30 PERF INDEX
13,166.58 EUR (+0.86%)
15 min delay - Germany Indices
Open: 13,087.51
Change: +111.78
Volume: 291,681
Low: 13,055.98
High: 13,171.21
High / Low range: 115.23
Type: Indices
Ticker: DAX
ISIN: DE0008469008

DAX30 PERF INDEX - After the New All-Time High Bearish Correction Began - 11/13/2017

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DAX30 PERF INDEX - Daily
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The German DAX 30 printed two consecutive positive months and exposed the price towards a fresh all-time high at 13534 price level. Also, the index rose more than 9% this month but now is posting a downward movement after the bounce off the new high. The price tried to touch the 13095 support barrier for a pullback but if it falls below it will meet the 50-day SMA near 12993.

Currently, the index is trading above the 23.6% Fibonacci retracement level with low at 11860 and high at 13534, so the scenario for a bullish move is probable. On the daily timeframe, the technical indicators are endorsing the bearish scenario. The RSI indicator fell below its mid-level and the MACD oscillator is moving lower in the positive territory below its trigger line.
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