DAX30 Perf Index
DAX30 Perf Index
11,802.85 EUR (+1.30%)
15 min delay - Germany Indices
Open: 11,673.66
Change: +151.67
Volume: 246,751
Low: 11,673.37
High: 11,824.66
High / Low range: 151.29
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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