DAX Surges to 24,422.56 Points, Analysts Expect Consolidation
The DAX index has been showing significant movement, with recent gains pushing it to 24,422.56 points. The index future is currently at 24,622.00 € on EUREX. Analysts expect consolidation between 24480 and 24000 after this rapid growth.
The DAX has intra-day supports at 24162, 24000/23975, and 23850. These levels are crucial for maintaining the index's recent gains. On the other hand, resistances are seen at 24480, 24639, and 25476. The DAX reached the price target of 24480 after unlocking from 23850 in just 2 days, demonstrating its bullish momentum.
An article published on Wallstreet Online on October 3, 2025, discussed these movements, although the author's name was not explicitly stated. They referred to themselves only as 'the author'. The VDAX-NEW index, currently at 16.42 points (VIX), indicates a relatively low level of volatility.
A chart image disturbance would involve levels around 23850-x and 23735-x. If the DAX closes above 24639, the price target of 25476 will be unlocked, suggesting further potential gains. However, if the DAX closes below 23380, clear sell signals are expected.
The DAX is expected to consolidate after its recent rapid gains, with support and resistance levels providing potential boundaries for its movement. While further gains are possible if the index closes above 24639, a close below 23380 could signal a shift in sentiment.
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