Technical Analysis for DAX - Recon Capital DAX Germany ETF

Grade Last Price % Change Price Change
C 32.74 1.05% 0.34
DAX closed up 1.05 percent on Monday, May 6, 2024, on 14 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
50 DMA Resistance Bearish 1.05%
Crossed Above 20 DMA Bullish 1.05%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 8 hours ago
60 Minute Opening Range Breakout about 11 hours ago
Gapped Up (Full) about 11 hours ago
Rose Above Previous Day's High about 11 hours ago
Rose Above 50 DMA about 11 hours ago

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Profile

The investment seeks to provide investment results that will closely correspond, before fees and expenses, generally to the price and yield performance of the DAX® Index. Using a passive or indexing investment approach, the fund seeks to achieve its investment objective to track the performance of the index. The index tracks the segment of the largest and most actively traded companies - known as blue chips - on the German equities market. The fund will invest at least 80% of its total assets in the common stock of companies included in its benchmark index. It is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Index Fund Sovereign Wealth Funds Blue Chip

Top 10 Components

Symbol Grade Price % Change Allocation
QGEN C -0.93 0.66

Is DAX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 33.57
52 Week Low 25.8056
Average Volume 19,468
200-Day Moving Average 29.84
50-Day Moving Average 32.44
20-Day Moving Average 32.09
10-Day Moving Average 32.26
Average True Range 0.41
RSI (14) 57.63
ADX 17.29
+DI 31.59
-DI 29.49
Chandelier Exit (Long, 3 ATRs) 32.06
Chandelier Exit (Short, 3 ATRs) 32.44
Upper Bollinger Bands 32.90
Lower Bollinger Band 31.28
Percent B (%b) 0.9
BandWidth 5.03
MACD Line -0.02
MACD Signal Line -0.08
MACD Histogram 0.0573
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 32.95
Resistance 3 (R3) 32.93 32.84 32.92
Resistance 2 (R2) 32.84 32.78 32.85 32.91
Resistance 1 (R1) 32.79 32.75 32.81 32.81 32.89
Pivot Point 32.69 32.69 32.70 32.70 32.69
Support 1 (S1) 32.64 32.64 32.67 32.67 32.59
Support 2 (S2) 32.55 32.60 32.56 32.57
Support 3 (S3) 32.50 32.55 32.56
Support 4 (S4) 32.53