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When the Price of (DAX) Talks, People Listen

Longer Term Trading Plans for DAX
  • Buy DAX slightly over 31.13 target 32.79 stop loss @ 31.04 Details
  • The technical summary data tells us to buy DAX near 31.13 with an upside target of 32.79. This data also tells us to set a stop loss @ 31.04 to protect against excessive loss in case the stock begins to move against the trade. 31.13 is the first level of support below 32.58 , and by rule, any test of support is a buy signal. In this case, support 31.13 would be being tested, so a buy signal would exist.

  • Short DAX slightly under 32.79, target 31.13, stop loss @ 32.88 Details
  • The technical summary data is suggesting a short of DAX as it gets near 32.79 with a downside target of 31.13. We should have a stop loss in place at 32.88though. 32.79 is the first level of resistance above 32.58, and by rule, any test of resistance is a short signal. In this case, if resistance 32.79 is being tested, so a short signal would exist.

Swing Trading Plans for DAX
  • Buy DAX slightly over 32.79, target 34.39, Stop Loss @ 32.7 Details
  • If 32.79 begins to break higher, the technical summary data tells us to buy DAX just slightly over 32.79, with an upside target of 34.39. The data also tells us to set a stop loss @ 32.7 in case the stock turns against the trade. 32.79 is the first level of resistance above 32.58, and by rule, any break above resistance is a buy signal. In this case, 32.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DAX slightly near 32.79, target 32.2, Stop Loss @ 32.88. Details
  • The technical summary data is suggesting a short of DAX if it tests 32.79 with a downside target of 32.2. We should have a stop loss in place at 32.88 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 32.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DAX
  • Buy DAX slightly over 32.79, target 34.39, Stop Loss @ 32.71 Details
  • If 32.79 begins to break higher, the technical summary data tells us to buy DAX just slightly over 32.79, with an upside target of 34.39. The data also tells us to set a stop loss @ 32.71 in case the stock turns against the trade. 32.79 is the first level of resistance above 32.58, and by rule, any break above resistance is a buy signal. In this case, 32.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DAX slightly near 32.79, target 32.2, Stop Loss @ 32.87. Details
  • The technical summary data is suggesting a short of DAX if it tests 32.79 with a downside target of 32.2. We should have a stop loss in place at 32.87 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 32.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Global X Fds (DAX) available here: DAX.

DAX Ratings for July 10:

Term →Near Mid Long
Rating Strong Neutral Strong
P1 0 0 31.13
P2 32.16 32.2 32.79
P3 32.69 32.73 34.39
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AI Generated Signals for DAX

DAX Long Term Analysis for July 10 2024

Blue = Current Price
Red= Resistance
Green = Support

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Global X Fds (NYSE: DAX) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for DAX can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports