The record pushes back, the daily reaccelerates
DAX: the record high pushes the rally back, the daily reaccelerates
Our view last week
The DAX, the German DAX 40 ETF, is knocking on its all-time high again: weekly technical analysis puts it 0.44% below the record, up 6.70% since entry, with the MACD histogram climbing for four weeks and ADX rising — the trend is gaining conviction. The daily opens a crack, though: buyers account for under a third of turnover and money flow has slipped below zero. Signal Strength stays at 8 out of 100, and the quality band advises against fresh entries.
This week's summary
The DAX, the German DAX 40 ETF, went back to its record high and was pushed away: weekly technical analysis of the DAX shows a lower close after four straight up weeks, 1.59% below the peak and up 5.46% since entry. The daily is reaccelerating, though — buyers above 81% of turnover — and weekly ADX has been climbing for 4 weeks. Our own gauges stay cautious: Signal Strength at 8 out of 100, and a quality band that advises against fresh entries.
IQS Phase
62
ordinary
Signal Strength
8
low · fading
ATH distance
1.62%
1.62%
KPI 4
0/3
Trade P&L %
+5.46%
from signal to date, no stop loss
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