The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf On the German stock market, the 200-day line was the focus on Tuesday. This average line, which is relevant for many investors, shows the long-term trend and is currently at 15,611 points. Throughout the trading day, this level was highly competitive. After a significant increase at the start of trading to 15,688 points, there was a slide to 15,537 points. At the end of trading, the Dax was back at 15,619 points, an increase of one percent.
Breaking above the 200-day moving average was the first important sign of relaxation after a turbulent trading week with two sell-offs. After the bumpy start to the year, trading days on the stock markets are likely to be calmer for the time being.
But even the increase this Tuesday should not change anything in the medium-term assessment that the price gains are only a relief rally – a countermovement within an intact downward trend.
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