About DAX Index
The German stock index DAX 30 (GER30) was introduced under "DAX" on July, 1st in 1988 by the Frankfurt Stock Exchange. It consists of the 30 largest companies listed on the Frankfurt Stock Exchange based on the market capitalization and liquidity. The trading hours for the Frankfurt Stock Exchange take place from 9:00 a.m. to 5:30 p.m. CET. The DAX30 is usually reported as a performance index, which means that the dividends of the companies are reinvested. In a price index the corporate distributions remains disregarded (this can be seen e.g. in EUROSTOXX50). If a company wants to be included in the DAX, it must be listed in the Prime Standard, it has to be traded continuously in Xetra and have at least a free float of 10 %. Additionally, the company must have a registered office in Germany or the main focus of its traded volume in shares is in Frankfurt and the company has a seat in the EU. Based on market capitalization, the five biggest German companies listed in the DAX 30 are Bayer (BAYN), Daimler (DAI), Siemens (SIE), Allianz (ALV) and BASF (BAS). The development in the DAX is often seen as an indicator for the development of the German economy. As a result, the DAX can be seen as a proxy for European economic health since the German economy accounts for almost one third of the total value of the Eurozone economy. The DAX 30s counterparts in Europe are the CAC 40 in France and the FTSE 100 in Britain.
DAX Looks Supported todayYou can make an argument that the DAX is very overextended, as we have rallied quite drastically.
The German DAX initially pulled back a bit during the trading session on Friday, but it does look as if there are buyers underneath, especially near the €16,600 level.
This is an area that has off
GER 40 - for 6.11.2023
As seen in the previous few sessions, the index has significantly moved up breaking all the resistances. Now it has arrived at an important daily resistance range of 15280 - 15300 (20 points).
If it Breaks the support level of 15120, we can look for a good short opportunity with a range till 1503
#DAXThis is only my view #dax is in negative zone above 15950 positive
1 SUPPORT IS 15873
2 SUPPORT IS 15828
Short sell DAXGerman DAX has been consolidating in a range for a while now and today it is breaking below the key level where it was bouncing from. This is on the back of the jobs data from the US but it had been pretty weak even before that. We are looking at the target of 15,000 in the index.
DEU40 | Europe (German Index) is ready to roarDEU40 | Europe (German Index) is ready to roar
Flag setup in Daily time frame
dax gernmanyThe German index is just 3% away from an all-time high
strong outperformer against global peers.
now at 15875, can move beyond the 16300 mark
on the downside good as long as hold the 15250-15300 area
DAXactually publishing herewith my 2 old ideas one weekly dtd.13.03.2023 and other dtd.17.03.2023
just to show importance of inside candle and impact of monthly line(white)
DAX & ARCPublishing herewith another example of Arc using DAX as an example, here we are using 3 arcs
See all ideas
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Frequently Asked Questions
DAX Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy DAX Index futures or funds or invest in its components.
The lowest ever quote of DAX Index is 3 798.00 EUR. It was reached on Mar 11, 2009.
DAX Index reached its highest quote on Apr 2, 2024 — 18 599.10 EUR.