The daily chart of the DAX shows a neutral longer-term outlook as the price approaches the top of an extended rally, currently trading just below the recent high at 24,360. The index remains structurally bullish as price continues to hold above the 50-day SMA (pink) at 23,829 and the 200-day SMA (green) at 21,601, reflecting healthy long-term trend support. However, the recent price action shows a potential bearish divergence: while price made a higher high, the Stochastic Momentum Index has formed a lower high and is trending down from the 80% region to 38.99%, indicating waning upside momentum. This divergence suggests that despite the bullish trend structure, buying strength is fading, and a near-term consolidation or pullback may be imminent. Immediate resistance lies at 24,360, aligning with the recent high, followed by the upper psychological target of 24,700. Key support is at 24,100—the level where the 14-day converge—and a break below that would expose 23,870 as the next downside level. A recommended stop loss for bullish positions would be placed below 23,800 to protect against deeper corrections.

The 4-hour chart of the DAX confirms a short-term bearish outlook, with price now retreating after failing to hold above the 14-period SMA (blue), while the Stochastic Momentum Index declines sharply into negative territory at -60.82%, reinforcing short-term downside pressure. Despite price recently reaching a new local high near 24,360, the SMI has formed a consistent series of lower highs since early June, creating a well-defined bearish divergence. This weakening momentum suggests the rally is running out of steam. The 50-period SMA (pink) and 200-period SMA (green) have flattened, and price is now testing the 50-SMA from above near 24,101—making this zone a critical support level. A breakdown below this threshold could trigger further losses toward 23,870, a key prior consolidation area. On the upside, resistance remains at 24,360 and 24,700, but a sustained push above these would be required to resume the uptrend. Traders with long exposure should consider a tight stop around 23,980, while short-term bears could enter with a target toward the lower range near 23,870.

For the daily chart, the price is showing a bullish long-term trend as it remains above the 200-day moving average (green line), with resistance at 23,815.163 and support at 21,575.532 and 19,676.120. The Stochastic Momentum Index (SMI) is currently at 52.74%, indicating neutral momentum, but the upward trend is still intact. The price is consolidating above the 50-day moving average (pink line), reinforcing the bullish bias. Traders may aim for an upside target of 23,815.163 while placing a stop loss near 21,575.532 to protect against downside risks.

For the 4-hour chart, the price is hovering around the 50-period moving average (pink line), showing signs of neutral short-term strength. Resistance is at 24,461.786, while immediate support lies at 23,868.730. However, the Stochastic Momentum Index (SMI) is at -17.19%, indicating a potential downside shift and weakening momentum. The market might experience a pullback or consolidation, with further downside targets at 23,400.000 if selling pressure continues. A stop loss should be placed above 24,461.786 to mitigate risk.