DAX Global X DAX Germany ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the DAX® Index... Show more
DAX's Stochastic Oscillator sits in overbought zone for 6 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for DAX moved out of overbought territory on June 03, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DAX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DAX broke above its upper Bollinger Band on June 26, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 26, 2025. You may want to consider a long position or call options on DAX as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for DAX just turned positive on June 27, 2025. Looking at past instances where DAX's MACD turned positive, the stock continued to rise in of 54 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DAX advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 266 cases where DAX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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General Information
Category Miscellaneous
DAX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, DAX has been closely correlated with EWG. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if DAX jumps, then EWG could also see price increases.