2023-04-15 16:25:50
Dhe upward movement on the German stock market and in the Dax since the beginning of October 2022 has ensured a slightly overbought medium-term situation, so that a significant weakening of the medium-term upward momentum in the index can be expected in the coming weeks with a friendly tone. On the other hand, this upward movement has led to a fundamental improvement in the breadth of the market, i.e. the isolated technical situation, in the 40 index members.
This is also reflected in the fact that with Beiersdorf, Deutsche Börse, Porsche-AG-Vorzüge and Rheinmetall, there are already four stocks that have reached new all-time highs in recent weeks, with only the Dax 40 newcomer Rheinmetall being somewhat overbought in the medium term having. Added to this is the attractive overall technical position of the Dax heavyweight SAP. The value at which the medium-term technical price target should be raised again holds the technical leadership role among the German standard values for the current climbing tour.
#Shares #SAP #Beiersdorf #price #hope