DAX has been trading sideways for the better part of the week after moving past 15,000 to hit a new record-high of 15,382. The index’s overall uptrend is a sign of investors’ optimism in the growth of Europe’s largest economy despite the rising coronavirus cases. However, the call for tougher […]
In this section, you will find important DAX index news, actionable trading ideas, and a live DAX 30 chart to help you understand the markets better.
The DAX 30 Index (Deutscher Aktienindex) is a blue-chip stock market index consisting of the thirty biggest companies in Germany in terms of market cap, traded on the Frankfurt Stock Exchange. The base date for the DAX 30 is December 30, 1987, and from a base value of 1,000. The DAX price index followed the Börsen-Zeitung index, which historically extends back to 1959.
Some of the German companies listed in the DAX 30 are Adidas (ADS), Bayer (BAYN), BASF (BAS), Daimler (DAI), Siemens (SIE), Allianz (ALV) and Henkel (HEN). The DAX 30 is used worldwide as a leading index for the German economy and serves as the basis for more than 150,000 financial products. The selection of companies in the DAX index is based on the quantitative criteria of order book volume and free float market capitalization.
The reporting date for collecting data is the last trading day of the month for which the ranking list is created. The ranking list is created and published monthly by Deutsche Börse AG. The index composition of DAX is reviewed every September based on the Regular Exit and Regular Entry rules.
DAX Index Chart
DAX Index News
One of the strongest rallies in financial markets this year is the one seen on the Dax index. The German index rose to record highs after it broke higher out of an ascending triangle and never looked back ever since. Germany struggles with the vaccination campaign, but things look rather […]
The stock market indices around the world are trading with a bullish tone after the NFP report in the United States was released last Friday. The Dax index gapped higher at the opening today, sitting comfortably above the 15,000 level, reaching a new all-time high. When compared to the United […]
The German Dax index trades above 15,000 points and marked a new all-time high. The market broke higher out of a bullish flag pattern and remains well bid on every dip. If we look at the flag’s measured move, the Dax should find no resistance until 15,500 or so, and […]
The Dax index continues its bullish run after an ascending triangle broke higher in February. Moreover, another continuation pattern appeared on the charts recently, a bullish flag, and its measured move hints to 16,000. News that an Asian hedge fund received a margin call last Friday did not stop investors […]
The German Dax index broke higher a few days ago but had a difficult time making new highs. It remains bid while the series of higher highs and higher lows keeps holding but bears eye a break of the neckline of a head and shoulders pattern. Europe faces the third […]
The German Dax index recently broke higher after an ascending triangle formed at the 14k level. The breakout, as expected, gave bears no chances, as the market squeezed higher in a vertical move. However, at the current levels, the Dax index looks vulnerable. Make no mistake, the price action remains […]
The Fed is behind us, and the Dax index is poised to open at the highs. While we may see a correction as it tries to follow on the U.S. stock indices futures, the Dax is in a bullish channel, and it is likely to find support at dynamic levels. […]
The Dax index hovers around 14,500, and having a bullish bias as a pennant formation (or an ascending triangle) points to more continuation. Regardless of the pattern, a pennant or an ascending triangle, the measured move points to a move to 15,200 and more. Optimism prevails in Europe despite the […]
Shares of Volkswagen rose nearly 17% on Tuesday after the company announced it was producing its brand of batteries to power electric vehicles. This move is expected to bring it into direct competition with Tesla. Tesla sells only a portion of vehicles sold by the number 2 carmaker but has […]