MAY SALE: Save over 60% on our Pro Plans!

DAX ends the day on a bullish note closing near the high of the day


Technical Analysis Report for DAX - May 17, 2018 [< 1 min read]
Highlights
DAX rallies 0.91% closing €118.28 higher
DAX dominated by bulls lifting the market higher throughout the day
DAX closes higher for the 2nd day in a row
DAX ends the day on a bullish note closing near the high of the day
DAX pushes through previous session high
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, DAX ended Thursday at 13114.61 surging €118.28 (0.91%). This is the biggest single day gain in over a week. Today's closing price of 13114.61 marks the highest close since January 31st. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 13030.76, the index confirms its breakout through the prior session's high having traded €83.87 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for DAX
Volatility

Thursday's trading range was €132.74 (1.02%), that's above last trading month's daily average range of €111.13. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
Strong Up Move TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when DAX Index traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Equity Indices Top Movers

TBOND 141.3120.874 0.62%
NKY 22,930.3691.99 0.40%
HSI 31,047.91105.76 0.34%
DXY 93.6000.200 0.21%
GOLD 1,291.71.7 0.13%
USDJPY 110.76-0.01 -0.01%
BTCUSD 8,238.30-4.06 -0.05%
FTSE 7,778.79-9.21 -0.12%
EURUSD 1.1769-0.0025 -0.21%
SPX 2,712.97-7.16 -0.26%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Equity Indices

NASDAQ100 10 day candlestick chart for NASDAQ1006,873.75 -30.50
-0.44%
DOW30 10 day candlestick chart for DOW3024,712.0 7.0
0.03%
SPX 10 day candlestick chart for SPX2,712.97 -7.16
-0.26%
INDU 10 day candlestick chart for INDU24,715.09 1.11
0.00%
NDX 10 day candlestick chart for NDX6,866.25 -35.38
-0.51%
IXIC 10 day candlestick chart for IXIC7,354.34 -28.13
-0.38%
RTY 10 day candlestick chart for RTY1,626.63 1.34
0.08%
VIX 10 day candlestick chart for VIX13.42 -0.01
-0.07%
FTSE 10 day candlestick chart for FTSE7,778.79 -9.21
-0.12%
DAX 10 day candlestick chart for DAX13,077.72 -36.89
-0.28%