DAX Stock Tickeron detected bullish ETF Pattern: Head-and-Shoulders Bottom DAX on January 16, 2025, netting in a 9.45% gain over 1 month

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DAX - Global X DAX Germany ETF

Ticker: DAX

Company: Global X DAX Germany ETF

Gain: +9.45%

Confirmed: 01/16/25

Succeeded: 02/10/25

Total length: 54 days

DAX in upward trend: 10-day moving average crossed above 50-day moving average on January 15, 2025

The 10-day moving average for DAX crossed bullishly above the 50-day moving average on January 15, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 .

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DAX advanced for three days, in of 329 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 263 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 February 19, 2025. 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 29 similar instances where the indicator moved out of overbought territory. In of the 29 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 February 11, 2025. 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.