At yesterday’s close, the DAX closed at 15412 points, recording a slight loss. With today’s stock market opening, the price has again overcome the 15500-point resistance level, with a short-term breakaway gap in the daily chart, reaching a temporary rise to 15659 points. The resistance level at 15700 points thus remained out of reach for the time being.
With the beginning of the year, the current upward trend has also clearly strengthened again. However, this has already existed since the low in October 2022. Since then, the share price has gained over 32%.
With today’s rise, the DAX has reached a new 52-week high and is now only about 4% away from the old all-time highs. Should this level be reached in the area of 16300 points, new all-time highs with price values above 16300 are also very likely.
Thus, if the current upward trend is maintained, historic levels could be reached in the coming weeks. However, the price still has to overcome two resistance levels in the areas of 15700 and 16000 points and must not correct to price levels below 15400 points, as this would mean that the upward trend would no longer remain intact.