The Dax index’s four-hour chart is quite a mess. It reflects the uncertainty surrounding financial markets in the month of May. In this particular case, the uncertainty is two-month-long, as the Dax index trades around the same levels for the past two months. Curiously enough, at the same time, the […]
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
The Dax index had a terribly confusing month so far. Both bulls and bears tried to push against resistance, respectively support, with little or no success. As such, the technical picture remains a true mess. On the one hand, bears call for a double top around the 15,600 level, but […]
The German Dax index followed on the Dow Jones and Nasdaq 100 footsteps and retraced from the highs. While the US indices did make new all-time highs after last Friday’s NFP, the Dax index struggles at the 15,400 area. In fact, a close look at the recent month’s price action […]
The Dax index formed a rising wedge pattern that completed last Friday, and now the price broke below the lower edge. At this point, bears have a trade against the highs as the price action following a rising wedge formation often retraces the entire pattern. The stock market indices around […]
The Dax index moved in a tight range for the month of April and starts May in a vulnerable spot. A head and shoulders pattern is visible on the lower timeframes and the risk is that the market will push through the neckline. What can sink the markets in May? […]
The DAX index is hovering near its all-time high ahead of earnings by some of its biggest constituent companies like Henkel, Volkswagen, Adidas, BMW, Munich Re, and Heidelbergcement. The index is trading at €15,246, which is slightly below €15,480. What’s happening: The German DAX has recently rallied as investors react […]
The German Dax index is at crossroads. On the one hand, the market formed a head and shoulders pattern – yet to break the neckline. Hence, a bearish pattern that signals weakness. On the other hand, the consolidation on the right shoulder ended up with a triangle as a reversal […]
Dax index remains well bid while the price action sits inside the trendlines of a rising wedge pattern. However, the market participants eye a breakout, with the path of least resistance being the downside. Last week’s ECB meeting failed to bring clarity in the euro markets. The central bank insisted […]
DAX index has remained range-bound after the German CPI numbers failed to yield enough momentum for a bullish breakout. The data released earlier on Thursday’s session was at 0.5%, which matched analysts’ estimates. Besides, it was lower than February’s 0.7%. Investors are now keen on the speech by Dr. Mauderer, […]
Dax index is on a large consolidation in the last week. The main German index hovers around the higher, in a bullish flag formation, pointing to a bullish breakout sooner rather than later. However, a bullish flag is one of the trickiest patterns to trade because the consolidation may take […]