DAX price forecast: Trading near 24,771.48 resistance as DAX advances 1.60%

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DAX jumps 1.6% today to 24597.64

Highlights

DAX maintains a bullish structure across all timeframes, consistently trading above key short-, medium-, and long-term averages.
Momentum indicators diverge, with some showing buyer dominance and overbought conditions while others remain neutral or point to persistent selling strength.
DAX is likely to remain range-bound between 24,423.80 and 24,771.48 in the coming sessions, with a 61% probability of further upside.

Divergent momentum as DAX holds above major technical supports

On the technical charts, DAX is currently positioned above its MA-20 and MA-50 on the 1-hour timeframe and also trades over the MA-200 on the daily chart, confirming bullishness across short to long-term intervals. The immediate technical support is set at the Ichimoku Kijun level of 24,398.71. Momentum indicators are mixed: the MACD stands neutral and ADX shows sellers holding strength, while RSI and CCI both point to buying signals and Stoch RSI is neutral. Bull/Bear Power (BBP) is currently in overbought territory, reflecting buyer dominance in intraday action, but overall readings reveal a divergence among momentum signals.

Directional outlook split as volatility range shapes near-term moves

In the short term, DAX is expected to trade in a range between 24,423.80 and 24,771.48, a volatility band relative to current levels. There is a 61% probability of an upward move, with a less likely 39% chance of a downward move. Continued consolidation is likely if the range holds, while a sustained breakout above resistance could drive further gains. Conversely, a drop below the immediate support at 24,398.71 would open the path to a near-term bearish scenario.

Viktoras Karapetjanc, expert at Traders Union, notes DAX retains strong positive momentum above its key moving averages despite a lack of headline news drivers. The analyst sees mixed technical signals, but highlights ongoing bullish sentiment as buyers dominate in intraday trading. Karapetjanc expects the index to consolidate within the projected volatility band, with the odds tilted in favor of further gains if resistance is breached. As he states, "With a 61% probability for an upside move and bullish technical structure intact, I remain optimistic for DAX in the near term."

Earlier, analysts noted that the DAX Index was demonstrating strong bullish momentum supported by dominant buyer activity, while cautioning about rising overbought risks. The current technical picture highlights continued market strength despite mixed momentum signals, making sustained price action above 24,398.71 a pivotal indicator for the near-term trend and potential breakout opportunities.

Source of Data: DAX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.