We assign a technical rating of 10 out of 10 to DAX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DAX is showing a nice and steady performance.
Although DAX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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41.61
When analyzing the support we notice one important area.
- A support zone ranging from 42.03 to 46.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.02 to 47.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DAX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAX is up. |
| ChartMill Relative Strength | 82.09 | POSITIVE | DAX has a high relative strength, it outperformed 82.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DAX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.67 | OVERBOUGHT | The high RSI value suggests DAX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests DAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.5 | OVERBOUGHT | The high Stochastics value suggests DAX may be overbought. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for DAX suggests low volalility. |
| Average Directional Index/ADX (14) | 25.97 | POSITIVE | The high ADX value value for DAX suggests a strong trend. |
NASDAQ:DAX (1/13/2026, 8:03:56 PM)
47.01
-0.18 (-0.38%)
GLOBAL X DAX GERMANY ETF / DAX FAQ
Can you provide the ChartMill technical rating for GLOBAL X DAX GERMANY ETF?
ChartMill assigns a technical rating of 10 / 10 to DAX.
Can you provide the trend direction for GLOBAL X DAX GERMANY ETF?
The current trend direction for GLOBAL X DAX GERMANY ETF (DAX) is Bullish.
Can you provide the RSI signal for GLOBAL X DAX GERMANY ETF?
GLOBAL X DAX GERMANY ETF (DAX) has an RSI value of 70.6739. This indicates that the stock is currently overbought.
Can you provide the short term momentum for GLOBAL X DAX GERMANY ETF?
The short term momentum for GLOBAL X DAX GERMANY ETF (DAX) is positive.
What is the support and resistance level for DAX stock?
GLOBAL X DAX GERMANY ETF (DAX) has a support level at 46.41 and a resistance level at 47.02. Check the full technical report for our detailed analysis of DAX support and resistance levels.