DAX: 4-hourly and daily chart technical view.
Daily Chart: Longer Term Bias: Bullish
| Resistance |
26,000 then 27,000
|
| Support |
25,741 then 24,748
|
4-Hour Chart: Short-Term Outlook: Bearish
| Resistance |
25,797 then 26,075
|
| Support |
25,400 then 25,100
|
Daily Chart: Longer-Term Bias: Bullish
4-Hour Chart: Short-Term Outlook: Bearish
Monday 14th September
The daily chart shows the DAX in a well-established longer-term uptrend, having recovered from the sharp March correction (which briefly tagged the low-21,000s) to press to fresh all-time highs above 26,000 in late August, with the moving average stack still bullishly ordered — the 14-day TMA at 25,927 above the 50-day at 25,741 above the 200-day at 24,748, all trending higher. Price has pulled back modestly from that peak to the current 25,476 level, now testing the 14-day TMA from below, while the rising 50-day and 200-day TMAs sit further beneath as deeper layers of support that have consistently held on prior dips throughout the year. The Stochastic Momentum Index has dropped to -73.6/-71.3, moving in tandem with the recent price decline rather than diverging from it, which indicates the current pullback carries genuine selling pressure rather than being a shallow, momentum-less dip — worth watching for whether the index stabilizes in this zone (as it has on prior corrections) or continues lower. A hold above the 50-day TMA near 25,741 would keep the broader uptrend intact and support a resumption toward new highs above 26,000, with an extended target near 27,000; a stop loss placed below the 200-day TMA at roughly 24,700 would protect against a genuine trend reversal while allowing room for normal pullback volatility.
On the 4-hour timeframe, price has broken down through all three moving averages, with the 14-period TMA at 25,486 now sitting above price and acting as the first layer of overhead resistance, followed by the 50-period at 25,797 and the 200-period at 26,075 — a bearish stacking that confirms short-term sellers have taken control after the failed attempt to hold the August highs. The Stochastic Momentum Index sits at -11.07/-23.00, still in neutral-to-negative territory rather than deeply oversold, and it has been declining alongside price without positive divergence, suggesting there may still be room for the current corrective move to extend before a bounce becomes likely. Immediate support is at the recent swing low near 25,400, with a deeper downside target at 25,100 if selling pressure persists; a break of that zone would open a retest of the rising 200-period TMA near 26,075’s earlier support role lower down the chart, effectively the broader daily uptrend base. On the upside, a recovery back through the 14-period TMA at 25,486 and then the 50-period TMA at 25,797 would be needed to neutralize the short-term bearish tone. Traders leaning short on this timeframe could use a stop above 25,797 to stay protected against a sharp reversal back into the prior range.
Daily Chart: Longer-Term Bias: Bullish
4-Hour Chart: Short-Term Outlook: Bearish
Friday 11th September
The daily chart shows the German DAX in a well-established uptrend dating back to the October 2025 low near 22,000, with the moving averages still in fully bullish alignment: the 200-day MA at 24,738 (green) sits below the 50-day MA at 25,744 (yellow), which sits below the 14-day MA at 25,968 (red) — the “correct” stacking order for a healthy long-term trend. However, price has just pulled back sharply from the early-September high near 26,300, closing at 25,336, now below both the 14-day and 50-day MAs but still comfortably above the rising 200-day MA, which puts this move squarely in pullback-within-an-uptrend territory rather than a trend reversal. The Stochastic Momentum Index has plunged to -83.82/-73.74, deeply oversold, and this drop is occurring in direct confirmation of the price decline (lower highs in both price and SMI since the August peak) rather than showing any bullish divergence yet — meaning the current momentum still favors sellers in the very near term, though a reading this extreme historically precedes at least a bounce or stabilization on this chart. First support comes in at the 50-day MA (25,744), which would need to hold to keep the pullback orderly; a break below opens the path to the more important 24,738 zone (200-day MA), which also aligns with the broad April–July consolidation range and is the key level defining whether the longer-term uptrend remains intact. On the upside, reclaiming the 14-day MA at 25,968 would be the first sign the pullback is stabilizing, with the prior 26,300 high as the ultimate resistance and upside target. A stop loss below 24,738 would protect long positions against a genuine trend change while allowing room for the current oversold bounce to develop.
The 4-hour chart paints a clearer near-term bearish picture: price at 25,336 has broken decisively below all three moving averages, with the 14-period MA at 25,579 (red), the 50-period MA at 25,864 (yellow), and the 200-period MA at 26,072 (green) now stacked above price in bearish sequence — the mirror image of the daily’s bullish alignment, and a classic sign that short-term momentum has flipped negative even while the bigger trend remains up. This is reinforced by the SMI reading of -89.69/-88.50, among the most oversold readings on the chart in months, moving down in lockstep with price with no bullish divergence present — confirmation, not contradiction, of the current selling pressure — though extremes this deep on the 4-hour SMI have consistently preceded sharp mean-reversion bounces earlier in the year (see the similar washouts in April and July). Immediate resistance is the 14-period MA at 25,579, which capped the last minor bounce attempt; above that, the 50-period MA at 25,864 is the more significant hurdle that would need to be reclaimed to suggest short-term buyers are back in control. Support is seen first near the psychological 25,000 level, a zone that lines up with prior consolidation before the July breakout, with 24,738 (the daily 200-day MA) as the deeper support if the correction extends. A stop loss above 25,864 balances against a failed-breakdown scenario while respecting that the SMI’s extreme oversold state raises the odds of at least a near-term bounce before any further decline.
14 Sep 2026