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Weaker technical forecast for Horizons DAX Germany as ETF downgraded to Sell Candidate
(Updated on Jul 15, 2026)
The Horizons DAX Germany ETF price gained 0.159% on the last trading day (Wednesday, 15th Jul 2026), rising from $44.27 to $44.34. During the last trading day the ETF fluctuated 0.680% from a day low at $44.12 to a day high of $44.42. The price has risen in 7 of the last 10 days and is up by 0.39% over the past 2 weeks. Volume fell on the last day by -33 thousand shares and in total, 13 thousand shares were bought and sold for approximately $572.12 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Horizons DAX Germany ETF with a 90% probability to be traded between $42.95 and $45.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
DAX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 13, 2026, and so far it has risen 0.385%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Horizons DAX Germany ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $44.42 and $44.99. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Horizons DAX Germany ETF
Horizons DAX Germany finds support from accumulated volume at $44.27 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 $0.300 between high and low, or 0.680%. For the last week the ETF has had daily average volatility of 0.98%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DAX) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Horizons DAX Germany ETF to open at $44.29, and during the day (based on 14 day Average True Range), to move between $44.00 and $44.68, which gives a possible trading interval of +/-$0.684 (+/-1.55%) 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 1.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $44.40 (0.13%) than the support at $44.27 (0.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Horizons DAX Germany ETF ETF A Buy?
Horizons DAX Germany holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold to a Sell candidate.
Current score:
-1.673
Sell Candidate
Downgraded
Predicted Fair Opening Price
Predicted fair opening price on July 16, 2026 - $44.29 ( 0.105%).
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DAX Performance
Trading levels for DAX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.59 | 0.571% |
| R2 | 44.48 | 0.313% |
| R1 | 44.41 | 0.153% |
| Price | 44.34 | |
| S1 | 44.18 | -0.364% |
| S2 | 44.11 | -0.523% |
| S3 | 43.99 | -0.782% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.43 | 2.45% |
| R2 | 45.25 | 2.05% |
| R1 | 44.40 | 0.134% |
| Price | 44.34 | |
| S1 | 44.27 | -0.159% |
| S2 | 44.26 | -0.180% |
| S3 | 44.17 | -0.388% |
DAX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2026 | Jun 29, 2026 | Jul 07, 2026 | $0.86 | 1.96% |
| 2 | Dec 30, 2025 | Dec 30, 2025 | Jan 07, 2026 | $0.0850 | 0.185% |
| 3 | Jun 26, 2025 | Jun 27, 2025 | Jul 07, 2025 | $0.587 | 1.31% |
| 4 | Dec 27, 2024 | Dec 30, 2024 | Jan 07, 2025 | $0.0906 | 0.266% |
| 5 | Jun 26, 2024 | Jun 27, 2024 | Jul 05, 2024 | $0.657 | 2.01% |
FAQ
Click here for our free guide on how to buy Horizons DAX Germany ETF ETF.
Buy DAX
A buy signal from a double bottom formation was found on Wednesday, June 10, 2026 and based on theory for this formation the price should go up by 7.89% to $47.84 within 17 trading days (Tuesday, July 07, 2026) since signal was issued.