The daily chart shows a strong upward momentum, with the price consistently trading above the key moving averages. The 200-day moving average (green line) is acting as solid support around the 21,300 level, indicating a bullish trend. The 50-day (pink line) and 14-day (blue line) moving averages are aligned above the 200-day, confirming the strength of the ongoing uptrend. The Stochastic Momentum Index (SMI) is currently in positive territory, though it has not yet reached overbought levels, suggesting room for further upside potential. Resistance is likely near 23,500, followed by the 24,000 level. Immediate support can be found at 21,300, with the next level of strong support at 19,700. A stop loss below 21,000 is recommended to protect against potential pullbacks. The overall trend remains bullish as long as price maintains its position above the moving averages and the stochastic momentum indicator does not enter overbought territory.

The daily chart shows a strong bullish bias as the price is trading above all key moving averages, with the 14-period (blue), 50-period (pink), and 200-period (green) SMAs all trending upwards. The 200-day SMA is acting as a robust support level, preventing significant downside moves. The price has recently broken through resistance around 21,279.315, with the next key resistance near 23,357.098, followed by the all-time high around 24,000. The Stochastic Momentum Indicator (SMI) is currently trending negatively at -0.62%, showing some exhaustion in momentum, but the general trend remains bullish, suggesting a minor pullback could present a potential buying opportunity. Traders should focus on an upside target near 23,357.098, with support levels at 21,279.315 and 19,676.120. A stop loss near 18,018.002 is recommended to safeguard against any unforeseen reversals.

The daily chart reflects a bullish bias, with the price maintaining a strong upward trend, supported by the 200-day moving average (green) at 21,255.264, which is acting as solid support. The price is well above the 50-day moving average (pink) at 23,309.527, confirming continued upward momentum. The Stochastic Momentum Indicator (SMI) at -9.32% shows weakening momentum but remains in oversold territory, indicating that a short-term pullback may occur before the rally resumes. Immediate resistance is at 23,396.239, with a more significant target at 23,813.944. Traders should focus on an upside target near 23,813.944, with a stop loss placed below 22,000 for protection against any potential pullbacks.

The DAX index continues to trade within a rising channel structure, but warning signs are emerging that suggest a potential loss of momentum. Price remains firmly above both the 50-day SMA (pink) at 23,245 and the 200-day SMA (green) at 21,227, which keeps the broader trend intact and confirms underlying bullish support. However, the recent series of marginal new highs in price has not been matched by the Stochastic Momentum Index (currently at -39.73%), which has been trending downward—indicating strong bearish divergence between price and momentum. This divergence often precedes reversals or deeper pullbacks. The price is also pulling back toward the 14-day SMA (blue), which is now acting as dynamic support. Until price breaks below the 50-day SMA, the structure remains technically neutral, though vulnerable. Resistance is located at 24,000 then 24,200—both psychological and structural highs. Support is found at 23,200, followed by a more significant zone at 22,000. Traders should remain cautious of a potential reversal and may consider a stop loss just under the 50-day SMA to manage downside risk.

The daily chart reveals a weakening bullish trend shifting towards a neutral-to-bearish bias. Price action has recently rolled over after forming a series of marginal new highs, but with visibly lower highs in the Stochastic Momentum Index (SMI), indicating bearish divergence—a classic warning of trend exhaustion. The price remains above the 50-day simple moving average (SMA) at 23,184, but has lost support from the 14-day SMA, which has begun to flatten and turn lower, reflecting slowing upside momentum. The rising trendline support drawn from the November low is now at risk, and the SMI has sharply declined to –67.49%, confirming downside momentum has picked up. Despite this, the 200-day SMA at 21,201 is still well below the current price and continues to slope upward, anchoring longer-term structural support. If price fails to reclaim the 23,692 level (14-day SMA), a test of the 23,184 support is likely, with a further decline towards 22,200 if breached. Upside resistance remains at the recent swing high near 24,000, then 24,200. A stop-loss for short positions could be placed just above 24,050 to guard against a false breakdown reversal, while long positions should wait for a confirmed bounce above 23,692 before re-entry.

The longer-term outlook remains bullish as the price continues to trade above the 200-day simple moving average (SMA), which is a key support level. Currently, the price is also well above the 50-day and 14-day SMAs, suggesting ongoing upward momentum. The immediate resistance is at 23,805, with the next significant level at 23,948. On the support side, the first key level lies around 23,149, followed by 22,776. The Stochastic Momentum Index (SMI) shows some divergence, with the price moving higher while the SMI trends lower, indicating that bullish momentum may be weakening. Although the bullish trend is intact, caution is warranted as the Stochastic Momentum Index approaches overbought territory, suggesting that price might be due for a pullback. A stop loss around 22,776 would provide protection against a deeper correction, while the upside target is near 23,948.