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Showing posts with the label state of dax

State of Dow Jones - Calendar Week 41 2021

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State of Dow Jones - Calendar Week 41 2021 Welcome to the second episode of the blog post series "State of Dow Jones", where we look at the leading US stock index from different perspectives and try to determine how solid the current development is. Technical Chart for Dow Jones Every "State of Dow Jones" blog post should start with the technical chart, so here we go (created on tradingview.com): The Dow Jones overcame the old falling highs and the important resistance at 25 000, now trading at 35 294 points. The index is trading above its SMA 20 again and even went into the upper Envelope band. This means the Dow is slightly overheated and it is likely that the index will show a small pull-back before rising again. The RSI is at 60, three trendlines were identified and crossed during the last trading days. The technical chart provides us with enough confidence to say that the correction might be over and the outlook is neutral, or maybe even slightly bullish. Marke

State of DAX - Calender Week 41 2021

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 State of DAX for Calender Week 41 Welcome to this week's blog post about the state of the DAX. Those who follow us on Twitter might have seen a tweet from Wednesday, stating that there are small signs that the current situations might become better soon:   German stock index #dax - recovery started? #marketbreadth data gets a little bit better (SMA data on first image delayed by one trading day). #dax40 must close above 15 270. SMA 20 is at 15308 (XETRA). pic.twitter.com/LmD3hCF6Dj — Boersen Klaus (@boersen_klaus) October 13, 2021   Shortly afterwards, the DAX began it's climb on the chart. Are we out of the trouble yet? Let's determine that by looking at the index from different perspectives.   Technical Chart for DAX As usual, we'll start with the technical chart for DAX,created on tradingview.com: The SMA 200 band has provided a confident level of support and the DAX managed to climb above the resistance levels 15 270 and 15 500. Also, the falling trendline was

State of DAX - Calender Week 40

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Welcome to another episode of the blog post series State of DAX for Calender Week 40 October (or is it UPTOBER!11 ?) has already seen six trading days. The DAX went through difficult times during the last weeks, so it will be really interesting to determine the current state of the German leading stock index. Technical Chart for DAX Total gains/losses for DAX in October so far: ~ + 0,3% (XETRA) Here is the current technical chart for DAX, created on tradingview.com: This chart shows that the index has been moving between the wide range of 14 800 and 16 000 points since March. The all-time high was accomplished on Aug 13, and since then, the DAX has only know one direction - downwards. We've seen a number of falling highs, which means that we are inside of a correction. If this correction stays a healthy correction or becomes something worse, is not yet decided. On Oct 06, the lowest low since May was reached and the DAX has made some minor attempts to recover. The SMA 200 with a to

State of DAX - Calender Week 39

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State of DAX - Calender Week 39 The end of September was reached and October is finally here. What a month! September was brought the DAX losses > - 3,5%, as this blog post about relative index performance shows . People from the crypto scene are already talking about the "Uptober", because they expect that September is the weakest month of the year and it can only get better. While BitCoin, Ethereum and other crypto currencies already show signs of improvement, this can not be said for the German stock index DAX. So - where is this index standing and what can be expected from the next days or weeks? Technical Chart for DAX DAX technical chart created at tradingview.com   Let's face it: The DAX is captured within the range from 15 000 to 16 000. In this range, it is still trading below the SMA 20 and it even crossed the area around 15 000 again. Envelopes state that the index is oversold. The RSI is below 40 and points downwards, aiming at 30. That's the negative p

State of DAX - Calendar Week 38

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State of DAX - Calender Week 38 Vacation is over and another "State of DAX" report is due. During the past two weeks, we've seen a dip, realized that Evergrande in China is no longer able to pay out the investors and we still deal with the "usual" problems, such as the Corona pandemic. In addition, the amount of DAX components grew from 30 to 40. Lots of things are moving the DAX and it will be interesting to look at the state of the German stock index. Technical Chart for DAX DAX technical chart created at tradingview.com The DAX fell through the lower Envelope band and gave a clear oversold signal on the short-term time window. At the moment, the price is again between the Envelope bands but failed to reconquer the SMA 20. As long as the price is between the SMA 20 and the lower Envelope band, I speak of a bearish or weak phase on the short-term time window. At least the DAX managed to trade above 15 500 again, an important area of support and resistance. Howe

State of DAX - Calendar Week 36

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State of DAX - Calendar Week 36 Another seven days have passed since the last episode of our blog post series about the "State of DAX". This time we're looking at a trading week with a small loss (> 1%) while we are in the middle of a period with weak seasonality. Corona, Afghanistan, upcoming elections here in Germany, challenges for the economy, inflation and "interest angst" - there is plenty of reason for investors to stand on the sideline. Oh, and at the end of this month, we will be looking at the DAX 40 instead of the DAX 30. There will be much to talk about in the next weeks!   But let's focus on the state of the leading German stock index by looking at the data. Technical Chart for DAX   DAX technical chart created at tradingview.com   On last Thursday, the DAX touched the lower Envelope band, giving a short-term and small "oversold" signal. On Friday, the index managed to gain some ground again, moving away from the Envelopes, but stil

State of DAX - Calendar Week 35

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State of DAX - Calendar Week 35 It is Sunday again and with the end of this calendar week it is time to look back on the last five trading days and determine the "State of DAX". Before we do that, we take a short look on the recently announced stocks which will increse the DAX member count by 10, from DAX30 to DAX40: Airbus SE Zalando SE Siemens Healthineers AG Symrise AG HelloFresh SE Sartorius AG Vz Porsche Automobil Holding Brenntag SE Puma SE Qiagen N.V. The DAX 30 will be trading as the DAX 40 for the first time on September the 20th. Market Breadth for DAX 30   Here is the latest market breadth data for the German stock index DAX30: Market Breadth Data for DAX provided by https://www.advance-decline.net The Advance Decline Line for DAX declined more than the index did, which could be a sign of weakness. It means that probably only few DAX components hold up the flag for this index. The Advanced vs. Declined data was captured within a narrow range, with a breakout on th

State of Dax - Calendar Week 34

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State of DAX - Calendar Week 34 Another week has passed and we are looking again at the state of Germany's most important stock index, the DAX (30). I've put the number of index components behind the index name since this number will change soon. During mid September, the DAX will house 40 members and we are prepared to reflect this change in our tools and charts. Nervertheless, we still do have 30 Dax members and we are now ready to check on what we call the "health state" of the DAX. Quick overview: Market Breadth Data for DAX Before digging through the market breadth data and what it means, we shall have a look at our huge chart dashboard, containing the most relevant market breadth indicators for the DAX: Market Breadth for DAX: Deep dive It has been an interesting trading week with only little to gain for the DAX. Despite the seasonality, this index is holding up pretty good and we've seen no big dumps so far. But what does the market breadth data tell us? Ad

State of Dax - Calendar Week 33

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State of Dax - Calendar Week 33 Welcome to another episode of my little blog post series about the "State of Dax", this time for the ending calendar week 33. Last week on Sunday I was able to point out that the Dax reached a new all-time. Since then, the Dax lost a few points. So - what's the current health state and what is the outlook for new week? All Market Breadth Data for DAX Let's jump right into the data. Here is the dashboard with the index and the market breadth indicators:   Dissecting the chart dashboard and the market breadth data for DAX Let's try to talk about what we see on the chart dashboard above: Advance Decline Line for DAX: The Avance Decline Line seems to follow the index step-by-step, I see no divergences here, only "harmony" ;)  Advanced vs. Declined for DAX: Since the beginning of August, the net advances tend to move within a small corridor, only undermining the sideways trend we are in McClellan Oscillator for DAX:  After bein

State of Dax - Calendar Week 32

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Hello and welcome to today's blog post about the State of Dax for Calendar Week 32

State of Dax - Calendar Week 31

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State of Dax - Calendar Week 31 Welcome back to another episode in the "State of Dax" blog post series. The German stock index DAX climbed again, now residing near its alltime high. It will be very interesting to see if this index will beat its own record although August is a weak trading month according to seasonal statistics. But well, let's see - what is the current state of Dax? Advance Decline Line for Dax, Advanced vs. Declined, McClellan Oscillator and McClellan Summation Index, % of members trading above their SMA50/100/200 Again I took a screenshot of my latest charting dashboard, containing all the interesting stuff for this stock index. Let's check every indicator: The Advance Decline Line is almost a perfect mirror of the index; this supports the current price movements Advanced vs. Declined slowly advanced during the last trading days, almost forming a clean upwards trend. Neutral.. McClellan Oscillator for Dax: Above the zero line again, Slightly bulli

State of Dax - Calendar Week 30

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State of Dax - Calendar Week 30 It is weekend again! The last trading month July lies behind us and it is again time for us to take a look at the state of the German stock index DAX. Let's start! The last weeks The last weeks have certainly being interesting. The Dax is in a sideways trend, with almost no gains or losses during July (+0,08%). Seasonal effects surely apply during this summer. Advance Decline Line for Dax, Advanced vs. Declined, McClellan Oscillator and McClellan Summation Index, % of members trading above their SMA50/100/200 As mentioned in previous blog posts, I created a new charting dashboard. It includes all graphs I have in a single interactive dashboard. I can't share this interactive version if you due to missing server resources, but I can export everything as an image. So well, what's the current state? As you can see, the Advance Decline Line shows no divergence with the index. Advanced vs. Declined reached the lower extreme during the last trading

State of Dax - Calendar Week 29

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State of Dax - Calendar Week 29 As usual, I'll walk you through the state of Dax, according to market breadth data. We're in calendar week 29 and have an interesting trading week behind us! Let's look at the latest information.       Advance Decline Line and Advanced vs. Declined for Dax McClellan Oscillator and McClellan Summation Index for Dax % of Dax members above SMA50, SMA100 and SMA200     Last week's "State of the Dax" blog post mentioned that for the SMA50 a  threshold was reached. More than 50% of the Dax members traded below their SMA50, which means they switched to a downside trend. We're still below that 50%.         I also stated that for the Dax members trading above their SMA 200, a critical threshold was reached (but not breached yet). I claimed that it would not be a good sign if this number decreased any further, but then the huge dip came on the next trading day. Let's see what this graph looks like today: The 80% threshold was brea

State of Dax - Calendar Week 28

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State of Dax - Calendar Week 28 Today's post is about the state of Germany's leading stock index, DAX (sometimes also called DAX30 or GER30). We're trying to determine the health of DAX 30 by looking at the DAX Advance Decline Line, Dax McClellan Oscillator, Dax McClellan Summation Index and the Dax members above their SMA50, SMA100 and SMA200.   Dax Advance Decline Line and Advanced vs. Declined The image above shows the historical data of Dax along with the Dax Advance Decline Line and the Advanced vs. Declined graph. Along with the price, the Advance Decline data decreased this week. There is still no warning signal for a big correction since there is no divergence in Advance Decline Line vs. Dax and the Advanced vs. Declined data is still in normal range. At the moment, this looks like the price's movement sticks within the range we've seen during the last 6-7 weeks and the advance decline data follows those upside-downs. However, the current situation should be

State of Dax - Calendar Week 27

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  Let's have a look at the biggest stock market index in Germany, the DAX (30) (or sometimes also called GER 30).   What is the state of Dax as of 11.07.2021? There is a small surprise hidden in the data this week.   DAX members above SMA50, SMA100 and SMA 200 Compared to last week, more members are now above their SMA 50, but fewer are above SMA 100. The number of index members above SMA 200 did not change.   Those are still good values, showing that the trend is sideways, but there is no big warn signal regarding bearish scenarios.   Let's see how those values developed during the last 90 days:   Those lines undermine the fact that the positive trend turned into a sideways trend, with fewer index members being on the (fast) rise. But, for the first time since end of April, the amount of index members trading above their SMA 50 has become bigger than the amount of index members trading above their SMA 100. This is a positive signal, however not necessarily a strong one since