DAX rises over 2% as bullish momentum confirmed by key moving averages and strong intraday buying

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Dax index rises 2.35% today

Highlights

DAX trades with firm bullish momentum above key moving averages, posting a 2.35% gain intraday toward session highs.
Indicators show buyers dominate but with CCI overbought and both RSI and Stochastic RSI neutral, trend strength remains mixed.
Over the next five sessions, expect DAX to move between 26,301 to 26,747 points with a 70% probability of an upward move.

Anton Kharitonov, expert at Traders Union, notes the DAX's recent surge is underpinned by strong momentum above key moving averages but cautions that several oscillators do not confirm the move's sustainability. He points out that neutral RSI and ADX, alongside an overbought CCI, reflect stretched conditions and possible exhaustion. The absence of relevant news deprives the rally of a significant external driver, which may reduce conviction. Kharitonov warns that support at 26,402 could become vulnerable if sentiment turns. He concludes, "A pullback is likely if buyers lose control and the index dips below 26,301 — caution is warranted at these levels."

Viktoras Karapetjanc, expert at Traders Union, highlights the DAX's confident breakout above major moving averages as a renewal of bullish structure. He sees the sustained inflow and buyer control, confirmed by strong intraday gains and positive momentum signatures, as a buying signal for institutional traders. Despite the lack of fresh news, Karapetjanc suggests that healthy technical conditions outweigh any temporary news vacuum. He asserts, "With the index pressing near resistance, further growth is likely if 26,747 is cleared — the bullish setup remains attractive."

Parshwa Turakhiya, analyst, observes that the DAX rally rides on positive sentiment and technical strength, yet oscillators indicate a pause is possible. He emphasizes the session's high volatility and the potential for short-term swings near the 26,301–26,747 range. Turakhiya points to neutral sentiment due to the absence of significant news, which might dampen momentum. He states, "Today's overbought readings call for nimble trading and tight risk stops as the DAX nears resistance."

Bullish trend maintained as technical levels and oscillators diverge

DAX is trading above its 20-day, 50-day, and 200-day moving averages (25,454, 25,566, and 24,907), highlighting solid bullish momentum across short-, medium-, and long-term timeframes. The index faces nearest resistance at 26,747 and has the closest support for the session at 26,402. Momentum indicators show a bullish MACD and a neutral ADX trend strength. RSI stands at 57.19 and Stochastic RSI is neutral, while CCI enters the overbought zone. Bull/Bear Power remains positive, signaling buyers dominate the intraday action, and the Awesome Oscillator also confirms bullish sentiment. The session saw DAX rise by 609 points (2.35%), opening nearly flat and now trading near the day’s high as intraday volatility reached 2.06%. Overall, the price action showed solid strength towards intraday highs, although the overbought CCI and neutral RSI readings indicate some caution among oscillators.

Earlier, analysts noted that the DAX maintained a pronounced bullish bias supported by persistent buying above key moving averages. The current analysis reinforces this upward outlook with sustained bullish momentum and highlights 26,747 as the critical resistance level to monitor for potential further gains.

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

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