-1.53% for DAX as price remains under recent averages

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DAX slides 1.53% to 24,611 today

Highlights

DAX faces persistent short- and medium-term downward pressure but retains long-term support above the daily 200-period moving average.
Bearish momentum is confirmed, with multiple indicators showing a weak trend and oversold conditions, reinforcing limited rebound potential.
For the next few sessions, DAX is forecast to move between 24,481 and 24,742, with a high probability of further downside unless 24,823 resistance is breached.

Bearish momentum persists as key indicators turn negative

On the hourly chart, DAX trades below its 20-period and 50-period moving averages, signaling persistent short- and medium-term selling pressure. The index remains above the daily 200-period moving average, which acts as a key long-term support level. The Ichimoku Kijun line at 24,823 marks immediate resistance. Technical indicators highlight ongoing bearish momentum: the Moving Average Convergence Divergence (MACD) signals Sell, the Average Directional Index (ADX) is Neutral, and both the Relative Strength Index (RSI) and Commodity Channel Index (CCI) indicate selling conditions. The Stochastic RSI and Bull/Bear Power readings point to an oversold regime and continued seller dominance, while the Awesome Oscillator confirms the overall bearish momentum.

Sideways movement likely as upward breakout chances remain limited

Over the next two to three sessions, DAX is expected to fluctuate within the 24,481 to 24,742 range. The probability of an upward breakout remains very low, while downward moves remain highly probable. The baseline scenario is for the index to move sideways within this corridor, with a bullish scenario requiring a clear break above 24,823 resistance, and a bearish scenario playing out if support at 24,481 is breached.

Anton Kharitonov, expert at Traders Union, notes that DAX shows persistent technical weakness as it remains below short- and medium-term moving averages while holding above long-term support. He sees clear dominance of bearish signals on all major indicators, keeping upside probability low in the near term. Kharitonov believes the index is likely to trade sideways until a break of either 24,823 resistance or 24,481 support confirms direction. "As long as DAX stays below key resistance, I remain cautious and expect further downside risk to persist," he says.

Earlier, analysts noted that the DAX was maintaining a broadly bullish long-term structure despite mixed momentum and emerging downside risks. With current technicals now tilting more decisively bearish, traders should monitor for potential acceleration of selling if the index breaks conclusively below the 24,481 support level in the coming sessions.

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.