DAX forecast for today: expert analysis and price patterns - Rocco Gräfe's assessment until 5:30 p.m

DAX forecast for today: expert analysis and price patterns - Rocco Gräfe's assessment until 5:30 p.m

According to a report by stock3.com, the current DAX forecast for Wed, November 8th, 2023 is bearish, based on the current price patterns of the DAX index. The expert report contains details on price resistance, support and a forecast for the DAX Index Future.
The DAX is considered to have risen too quickly, which could lead to a pullback towards the major lower target of 14950. The report also predicts potential uptrends that will see the DAX index rise to 15341/15365 before heading back down. The analysis suggests that additional days will be needed to offset the current price increase unless the seasonal environment causes an exceptionally rapid flagpole.
In addition, the current VDAX-NEW volatility is assessed and linked to the DAX price movements. A falling VDAX indicates rising or stable DAX prices, while a rising VDAX is associated with falling DAX prices.

The DAX Index Future is expected to fall by around 70 points today and could potentially reach 14950 later on. However, if the index clears the resistance at 15170, prices could rise up to 15341/15365 and then bounce back down.

These forecast developments in the DAX today could have a significant impact on the German financial market and investors. A continuation of the pullback could lead to losses for investors, while a renewed rise in the DAX could lead to profits. The low volatility of the VDAX-NEW indicates a relative stability of the DAX prices. This information should help investors make informed decisions about their portfolio.