Momentum Indicator for DAX turns positive, indicating new upward trend
DAX saw its Momentum Indicator move above the 0 level on November 27, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned positive. In of the 88 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for DAX just turned positive on November 27, 2024. Looking at past instances where DAX's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
DAX moved above its 50-day moving average on December 02, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for DAX crossed bullishly above the 50-day moving average on December 09, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DAX advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 258 cases where DAX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for DAX moved out of overbought territory on December 10, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 similar instances where the indicator moved out of overbought territory. In of the 28 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where DAX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DAX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DAX broke above its upper Bollinger Band on November 29, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
General Information
Category Miscellaneous
DAX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, DAX has been closely correlated with EWU. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if DAX jumps, then EWU could also see price increases.