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Green day on Wednesday for Horizons DAX Germany
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 9.15% PDF

The Horizons DAX Germany ETF price gained 1.15% on the last trading day (Wednesday, 27th Mar 2024), rising from $33.15 to $33.53. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.419% from a day low at $33.39 to a day high of $33.53. The price has risen in 7 of the last 10 days and is up by 1.95% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 6 thousand shares were bought and sold for approximately $207.32 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 10.27% during the next 3 months and, with a 90% probability hold a price between $35.72 and $37.48 at the end of this 3-month period.

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DAX Signals & Forecast

The Horizons DAX Germany ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $33.05 and $31.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 12.33%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Monday, January 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Buy
Special Signal Notification

Golden Star

The ETF had a Golden Star Signal on Monday, January 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Horizons DAX Germany ETF

Horizons DAX Germany finds support from accumulated volume at $32.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.140 between high and low, or 0.419%. For the last week the ETF has had daily average volatility of 0.453%

Our recommended stop-loss: $32.47 (-3.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)

Trading Expectations (DAX) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Horizons DAX Germany ETF to open at $33.48, and during the day (based on 14 day Average True Range), to move between $33.24 and $33.82, which gives a possible trading interval of +/-$0.285 (+/-0.85%) up or down from last closing price. If Horizons DAX Germany ETF takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $32.50, some $1.03 (3.07%) from the current price of $33.53, our system finds the risk reward attractive.

Is Horizons DAX Germany ETF ETF A Buy?

Horizons DAX Germany holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 7.420 Strong Buy Candidate Unchanged

Predicted Opening Price for Horizons DAX Germany ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$33.48 ( 0.139%) $33.53

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DAX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 33.62 0.278 %
R2 33.57 0.119 %
R1 33.54 0.0203 %
Current price: 33.53
Support S1 33.43 -0.299 %
S2 33.40 -0.397 %
S3 33.34 -0.557 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 33.53
Support S1 32.50 -3.07%
S2 30.59 -8.77%
S3 30.31 -9.60%

DAX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 28, 2023 Dec 28, 2023 Jan 08, 2024 $0.113 0.367%
2 Jun 28, 2023 Jun 29, 2023 Jul 10, 2023 $0.651 2.25%
3 Dec 28, 2022 Dec 29, 2022 Jan 09, 2023 $0.111 0.406%
4 Jun 28, 2022 Jun 29, 2022 Jul 08, 2022 $0.606 2.64%
5 Dec 29, 2021 Dec 30, 2021 Jan 07, 2022 $0.333 1.03%

FAQ

What is the symbol for Horizons DAX Germany ETF ETF and on which exchange is it traded?
The symbol for Horizons DAX Germany ETF is DAX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Horizons DAX Germany ETF ETF?
Horizons DAX Germany holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy Horizons DAX Germany ETF ETF?
Horizons DAX Germany ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Horizons DAX Germany ETF ETF.

What's the current price of Horizons DAX Germany ETF ETF?
As of the end of day on the 2024-03-27, the price of an Horizons DAX Germany ETF (DAX) share was $33.53.

What is the 52-week high and low for Horizons DAX Germany ETF ETF?
The 52-week high for Horizons DAX Germany ETF ETF is $33.53 and the 52-week low is $25.90.

What is the market capitalization of Horizons DAX Germany ETF ETF?
As of the 2024-03-27, the market capitalization of Horizons DAX Germany ETF is 53.813M.
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About Horizons DAX Germany ETF

The investment seeks to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the DAX® Index. The fund will invest at least 80% of its total assets in the common stock of companies included in index. The index tracks the segment of the largest and most actively traded companies - known as blue chips - on the German equities market. The index contains the shares of the 30 ... DAX Profile

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