Year-end rally 2023 and possible spring rally 2024: Financial expert analyzes DAX rise and predicts price targets.

Year-end rally 2023 and possible spring rally 2024: Financial expert analyzes DAX rise and predicts price targets.

According to a report by stock3.com, the current rise above the cross resistance at 15,342 and then above 15,562 points on the German stock market has activated a year-end rally in 2023 and possibly even a spring rally in 2024. The DAX price is currently at 16,397.52 points on XETRA. The target projection of 16,280 points has been achieved and a follow-up target of 16,528 points is within immediate reach.

A possible impact of this development could be that the price action gets stuck in the 16,528 point range for the time being. However, an increase in the DAX based on the weekly closing price above 16,540 points could activate a medium-term follow-up buy signal with a projection target of 17,562 points.

As a financial professional, it is important to consider the dynamic nature of the market and analyze potential influencing factors. A rise in the DAX above the mentioned resistance levels could lead to increased interest from investors and institutional investors, which in turn could lead to rising prices and positive impulses for the entire market.

However, it is also important to keep an eye on the risks and adjust position sizes accordingly to minimize losses. Careful price monitoring and, if necessary, taking test positions can help control risk.

Overall, the development of the DAX shows a positive picture for the end of the year and possibly also for the coming year, which could make investors optimistic.