Dax gives way – the downward trend since the beginning of the year is now a thing of the past

Dusseldorf The leading German index has already sustainably overcome the downward trend since the beginning of the year, and the focus is now on the important 200-day moving average. This average line is trading at 13,620 points on Tuesday and is probably the most important indicator for the transition from a bear market rally to a sustainable trend reversal.

For the capital market expert Thomas Altmann from the investment house QC Partners, a sustainable crossing of this average line could improve the mood on the floor significantly. Because this line is not only considered by long-term investors.

“Many technical trading models base their investment decisions on the 200-day moving average. These models could then trigger further purchases that carry the Dax further up,” explains Altmann. With yesterday’s daily high, the Dax was only 15 points away from the line. At least one daily closing price and the opening price on the following day must be above this line for a sustainable overshoot.