L&G DAX DAILY 2X SHORT (DES2.DE) Stock Technical Analysis
FRA:DES2 - Deutsche Boerse Ag - IE00B4QNHZ41 - ETF - Currency: EUR
Overall DES2 gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. DES2 was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
95% of all other stocks performed better in the past year than DES2.
DES2 is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so DES2 is lagging the market.
In the last month DES2 has a been trading in the 0.59 - 0.65 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of DES2 is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.58
0.95
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.60 to 0.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.59 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 0.68 to 0.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.71 from a trend line in the weekly time frame.
- Resistance @0.86 from a trend line in the daily time frame.
- Resistance @0.91 from a horizontal line in the daily time frame.
- Resistance @0.94 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for DES2.DE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DES2.DE is neutral. |
| ChartMill Relative Strength | 5.01 | NEGATIVE | DES2.DE has a low relative strength, it was outperformed by 94.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DES2.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DES2.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DES2.DE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.57 | NEUTRAL | The RSI value for DES2.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DES2.DE has a positive trend. |
| Stochastics (14,3) | 70.86 | NEUTRAL | The Stochastics value for DES2.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for DES2.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 11.98 | NEGATIVE | The low ADX value for DES2.DE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
FRA:DES2 (8/1/2025, 7:00:00 PM)
0.6526
+0.03 (+5.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.34%
1 Week6.65%
2 Weeks7.37%
1 Month3.03%
3 Month-2.51%
6 Month-17.11%
12 Month-43.61%
2 Year-51.12%
3 Year-69.01%
5 Year-76.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%2.2%
ATR Inc94.05%
Range Today0.02
ADR(20)0.01
ADR(20)%1.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.01
Mansfield-2.67
10 Day High0.65
10 Day Low0.6
20 Day High0.65
20 Day Low0.59
52 Week High1.22
52 Week Low0.59
CS1 End0.6
CR1 Start0.68
Volume & EV
DER(3)0%
DER(5)0%
Volume1.69M
Volume Incr29.53%
Vol(5)788.41K
Vol(50)539.93K