GLOBAL X DAX GERMANY ETF (DAX) Technical Analysis
NASDAQ:DAX • US37954Y4917
Taking everything into account, DAX scores 1 out of 10 in our technical rating. DAX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month DAX has a been trading in the 42.65 - 47.70 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, DAX outperforms 47% of them, which is more or less in line with the market.
- DAX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DAX is lagging the market slightly.
The technical rating of DAX is bad and it also does not present a quality setup 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 43.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @44.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 45.76 to 46.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 47.19 to 47.52. 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 | NEUTRAL | NEUTRAL | The long term trend for DAX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DAX is down. |
| ChartMill Relative Strength | 47.94 | NEUTRAL | DAX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DAX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DAX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.43 | NEUTRAL | The RSI value for DAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests DAX has a negative trend. |
| Stochastics (14,3) | 23.11 | NEUTRAL | The Stochastics value for DAX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for DAX suggests low volalility. |
| Average Directional Index/ADX (14) | 22.64 | NEUTRAL | The ADX value for DAX suggests a possible start of a new trend. |
DAX Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:DAX (3/9/2026, 3:54:20 PM)
43.6843
+0.22 (+0.52%)
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 1 / 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 Bearish.
Can you provide the RSI signal for GLOBAL X DAX GERMANY ETF?
GLOBAL X DAX GERMANY ETF (DAX) has an RSI value of 30.4254. This indicates that the stock is currently neutral.
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 negative.
What is the support and resistance level for DAX stock?
GLOBAL X DAX GERMANY ETF (DAX) has a support level at 43.16 and a resistance level at 44.76. Check the full technical report for our detailed analysis of DAX support and resistance levels.